Alliance Trade Finance Limited, the speciality trade finance provider, today released their annual accounts for the year ended 31 July 2000. Turnover has risen by 166.66% to Ј30,358,709 from the 1999 figure of Ј11,384,610. Pre taxation profits of Ј359,437 have been achieved following a pre taxation of loss in 1999 of Ј168,066.
These are impressive results in only the second year of trading for Alliance and with only 11 staff on board.
The company has stated that trading since July 2000 has also been very good. The founders of the business, Maurice Ezekiel and Bernadine Calleja appear to have positioned the business well in providing some attractive trade finance products. Growth rates are expected to slow slightly as part of their planned expansion policies. The potential for Alliance, in at least the medium term, seems likely to be very promising.
BCR Publishing
