last year Private & Commercial Finance plans to raise later
this month over £0.5m from a share issue.
Post-tax profits at the AIM-listed business and consumer finance
lender grew in the year to September 31 2007 from £26,000 to
£310,000, largely as a result of increases in business volumes and
conservative credit management.
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The share issue, due to take place on March 18, of 2,550,000
ordinary shares will bring its total number of placed shares to
28,510,346.
P&CF, well known for its e-quote management system, increased
portfolio receivables by 23 per cent in the year to September 31
2007 to total £134m, while turnover rose by £4.8m to reach £23.4m,
admin expenses declined by £200,000 to total £4.1m, and earnings
per share reached 1.2p against 0p the year before.
The company announced last year that it is on the acquisition
trail and plans to widen its range of financial products.
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