AIM-quoted finance house Private &
Commercial Finance Group (PCFG) has released its results for the
year ending 31 March.
The group saw pre-tax profit more than
double to £528,361 (€649,669) and also strengthened its balance
sheet with £1.4m of new share capital and the repayment of £2.3m of
loan stock.
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Its profit increased despite a reduction
in portfolio of receivables, dropping 9.4percent to £121.9m.
ICEO Scott Maybury said: “These results
highlight the resilience of a sound business model and a
well-spread portfolio.”
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