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Finance firm expects turnover to increase.
(From Bristol Evening Post)
Bristol company Ultimate Finance Group said it expected to be in profit within the year as it unveiled a 79 per cent rise in turnover.
In the six months to December 31, the company saw turnover rise to GBP992,000 from GBP554,000 at the same time last year.
Pre-tax losses were at GBP37,000, compared with a loss of GBP166,000 last time, while the funds it advanced rose almost 106 per cent to GBP7 million, from GBP3.4 million.
The company specialises in factoring and invoice discounting, where customers can borrow money against the invoices they have issued - in return for a percentage fee.
By the end of …
