Business and people search

Debt advisor boosts sales and earnings

25th February 2011

Cleardebt CEO David Mond

Cleardebt CEO David Mond

A "significant" increase in the number of IVAs under management has led to a dramatic rise in turnover at ClearDebt in the six months to December 31.Sales at the Timperley-based company rose by 75% to £3.97m, and earnings before interest, tax, depreciation and amortisation grew by 164% to £1.15m.Despite this, higher finance  and amortisation costs relating to its recent purchase of the Relax Group's assets meant the company's pre-tax profits fell by 91% to £37,200.The company gained agreement for 761 IVAs fo......for the full story register now for free or login below...

Or Login to Read this Story


Latest Business News

Linder Myers in pre-pack deal

Linder Myers in pre-pack deal

27/05/2016Joanne Birtwistle

Bidders poised to swoop for MBNA

Bidders poised to swoop for MBNA

27/05/2016Nick Jackson

FTSE250 engineering group sees turnover slip

FTSE250 engineering group sees turnover slip

27/05/2016Joanne Birtwistle

Omega South gets big thumbs up

Omega South gets big thumbs up

27/05/2016Nick Jackson

Sim Trava targets £20m revenue

Sim Trava targets £20m revenue

27/05/2016Nick Jackson

Paper tissue firm to float on AIM

Paper tissue firm to float on AIM

26/05/2016Nick Jackson

Read More News

 
TheBusinessDesk is a trading name of Regional Media Services Ltd.
A company registered in the UK, company number : 07111349 VAT Number : 124302954