Network Data Holdings plc was admitted to AIM on 21 September 2006. It will announce its final results for the year ending 31 December 2006 on 2 April 2007.
The Group consists of three wholly owned trading subsidiaries, Network Data Limited (NDL), Network Surveyors Limited (NSL) and HIPSTAR Limited.
Gren Folwell, chairman, commented: “The core business, NDL, has been established for 20 years and operates as a distribution channel in the UK mortgage and insurance markets. It is the largest mortgage network in the country, regulated by the Financial Services Authority.
"The UK mortgage market has shown substantial growth in 2006, of approximately 15%, leading to record lending figures. I am pleased to say that NDL has shown even stronger growth with volumes of business increasing by over 30%.
"NSL, which acts as a panel manager for property valuations on behalf of lenders, has now moved into profitability, compared to a small loss for the previous year when it commenced trading in March 2005.
"Through our HIPSTAR subsidiary we remain committed to being a provider of Home Information Packs (HIPs) when they become a legal requirement for all home vendors in England and Wales from 1 June 2007.
"Our investment in our HIPSTAR subsidiary, covering both IT systems and extensive marketing to estate agents, will continue in 2007. We are committed to being one of the major suppliers to estate agents ordering HIPs on behalf of their clients - the property vendors. On the basis of the response we have received to date from the estate agency market, we remain confident that HIPSTAR will secure a significant market share of the HIPs market.
"In addition, the success of HIPSTAR will present both NDL and NSL with additional opportunities to leverage extra business.
"Overall, the Board see the next 12 months as presenting exciting opportunities for the Group and we therefore look forward to 2007 with confidence.”
