Close Invoice Finance Limited today released their annual accounts for the year ended 31 July 2000. Turnover has risen by 0.26% to Ј15,686,491 from the 1999 figure of Ј15,645,569. Pre taxation profits have risen by 10.75% to Ј5,601,182 from the 1999 figure of Ј5,057,699.
These results indicate that Close's policy change of about two years ago to concentrate more on targeting smaller companies appears to be working well. The company’s performance in the last two years has been one of the best in the industry. Close lean away from competing on price and see 'no merit in achieving low margins and low quality business'
