City Invoice Finance Limited today released their annual accounts for the year ended 31 December 1999, which was their first year of trading. Turnover for 1999 stood at Ј790,523. Pre taxation losses were recorded at Ј802.
BCR Publishing
BCR Comment
This level of pre taxation loss is fairly typical for a factor at the end of their first year of trading. Much of the money which contributed to the loss will have gone into the opening of their new office in Birmingham at the end of 1999, following the successful establishment of their principal office in Manchester. In addition to this, City Invoice have been continuing to recruit staff in order to meet the needs of their expanding client base.
For a further breakdown and analysis of the accounts, please click through to:
City Invoice Finance Limited/ Factors’ Details and Analysis
