Record results for Callcredit as it breaks £200m barrier

Leeds-based Callcredit Information Group has broken through the £200m barrier with record results for 2016.

Group turnover increased 18% to £201m for last year, up from £170m in 2015.

Group operating profits outpaced revenues, growing by over 20%.

The business, which specialises in credit risk, evaluations and consumer marketing data, has been on the acquisition trail in recent times, acquiring customer experience business Numero in March 2016, and device fraud protection firm, Recipero, in September 2016.

Earlier this year it acquired Spanish fraud prevention and anti-money laundering business, the Confirma group of companies.

Mike Gordon, CEO, Callcredit Information Group, said: “Today marks a milestone in the Group’s history.

“By maintaining excellent client relationships and staying focused on a strategy of investing in product and service development aligned to our customer’s needs, we have grown to become an industry leader.

“Today’s results represent seven consecutive years of profitable double digit revenue growth and provide the springboard for further UK and international expansion.”

“A sharpened strategic focus and an emphasis on empowering information, give us a clear roadmap and impetus for the next stage of our ongoing growth. Our strong UK base and expanding international operations mean we are increasingly well positioned to serve both our domestic and international clients. Our clear ambition and new values better reflect who we are and what we do.

“With GDPR, PSD2 and Open Banking all on the horizon, regulatory and technological change is having a profound effect on people’s habits and expectations. To better serve them, institutions need to move faster and think smarter. We continue to invest heavily in our capabilities to ensure we meet the ever-expanding needs of businesses and individuals in an increasingly data-reliant world.”