The annual accounts for the year ended 31 December 2000 show that the factoring company Arbuthnot Commercial Finance Ltd have enjoyed a successful year. Turnover rose by 19.11% from the 1999 figure of Ј1,105,008 to Ј1,316,130. Profit before tax rose by 10.69% to Ј223,984 which compares with the 1999 figure of Ј202,351.
The company has recorded steady growth since it was established in 1994. Although the rate of growth and profit margins are falling slightly, this behaviour is typical of the pattern of development of a relatively young and successful factoring company.
For a further breakdown and analysis of the accounts, please click through to:
Arbuthnot Commercial Finance / Factors’ Details and Analysis
BCR Publishing
