PCFG ‘resilient’ in year to 31 March

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.

By Verdict Staff

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.

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.”