First half year turnover at Merchant House Finance Limited,
which plans to float on AIM by 2009, totalled £116,737, according
to latest results.
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Earlier this year its chief executive, John Lutterloch, reported
owning a book of £10m receivables, and has hopes to grow this to
£40m within two years.
Since November 2006 it has been 49 per cent owned by Merchant
House Group, and the remaining 51 per cent is owned by Industrial
Investment Group Ltd.
Merchant House Group, a finance and services specialist, saw
turnover grow year on year by £253,669 to reach £387,922 during the
first six months of 2007
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