The abbreviated accounts for the year ended 31 March 2001 have today been released by factoring company Ashley Commercial Finance, whose head office is in Cheshire. BCR Publishing have spoken to Managing Director, Jonathan Cranston, to discuss the implications of the accounts and plans for the company’s future development.
The accounts reveal that the company’ s current assets, mostly comprised of sums owed by debtors, had increased by almost 70% in the year ended 31 March 2001 compared to the previous year. Amounts falling due within one year, which were mostly accounted for by bank loans/overdrafts, had more than doubled over the same period. Both of these increases were caused by an increase in the volume of business conducted by Ashley during the period.
