Fairfax Gerrard Holding Limited today released their annual accounts for the year ended 31 December 1999. Turnover has fallen by 4.84% to Ј1,358,681 from the 1998 figure of Ј1,427,776. Pre taxation profits have risen by 20.41% to Ј337,367 from the 1998 figure of Ј269,012.
BCR Publishing
BCR Comment
Fairfax Gerrard are currently considered one of the more established merchant trade financiers and following the demise of Versailles, they are poised to absorb some of the business that would most likely have been taken by the now disgraced company.
In addition to this they have developed some innovative products and are seen as having competitive advantages in terms of debt financing in the construction industry. Uniquely within this sector, Fairfax Gerrard hold a CIS certificate and as such its assetline product is well suited to serving clients in a sector usually ignored by factors as unworkable.
