Park Group sees ‘steady advance’ of sales
PARK Group, the North West Christmas savings and prepaid card business, has seen growth across its business.
In a trading update ahead of full-year figures in June, the Birkenhead company said there had been a steady advance of billings across each of its divisions in the year to the end of March.
Christmas savings increased billings by approximately 5%, corporate sales were up 8% and the direct trading website, highstreetvouchers.com, saw growth of 26%.
It is continuing to develop the flexecash prepaid card, and Park said it had now processed more than £155m through the platform since its launch in 2010. Orders for Christmas 2013 in the UK remain “steady and at a similar level to last year”, while in Ireland orders are up by 20%.
In a statement the company said: “The board expects to report another encouraging performance for the year ended 31 March 2013 in line with market expectations and the development prospects for the group remain strong.”
