Healthy profits rise gives Bristol firm 'confidence for future'
The company works to ease client cashflows by paying invoices owed by third parties then recovering the original debt.
In a statement to the stock exchange, the Bradley Stoke company said pre-tax profit was £191,000 in the six months to the end of December, up from £140,000 in the same period a year earlier. Sales jumped 27 per cent to £12.85m.
The interim dividend will be 0.3p per share.
Clive Garston, the former Halliwell's senior partner who is the group's chairman, said: "While the economic climate remains tough, demand for our services is growing and we will continue to take the necessary steps to build solid sustainable shareholder value from the opportunities that present themselves.
"We look forward to the future with confidence."
During the period, the company grew its client base, adding a "substantial number" of new clients. It said it will seek to grow this further with the help of the £5.1m it has available from a £25m banking facility.
Chief executive Richard Pepler said the relocation of the group's northern office to new premises in central Manchester has resulted in an upturn in inquiries from across the north of England.
