Repairing a dented reputation

Article Abstract:

Universal Salvage collects, stores and disposes of motor vehicles for insurance companies. The company faces intense competition which has affected its profit margins. Universal Salvage's main cost is comprised of payments made to insurers for cars broken up for parts or sold through auctions. The company acquired two new sites in 1997 which meant that borrowings were increased. Universal Salvage's profit is forecast at 2.3 million pounds sterling for 1998 to 1999 by Charterhouse Tilney.

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Waste not, want not

Article Abstract:

ERAtech produces fuel from waste which it charges suppliers to collect. Greater control of emissions and a tax on landfills mean that alternative ways of disposing of waste are becoming more expensive. The company reported a pre-tax loss for 1996 to 1997. ERAtech plans a stock flotation to help fund two acquisitions and carry out JVs in Chile and Spain. The stocks involve a risk for investors and ERAtech is strongly affected by government policy.

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Universal Salvage

Article Abstract:

UK vehicle salvage and services firm Universal Salvage has good growth potential since it is currently the only UK firm licensed under new disposal rules for end-of-life vehicles. Its shares are seen as a good buy.

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