Manchester-based Five Arrows Commercial Finance Limited have recorded a 17.5% increase in pre-tax profits for the 12 months to 31 March 2003. Profits totalled Ј1.22 million compared to Ј1.04 million in the year ended 31 March 2002.
Turnover has also increased from Ј6.35 million (2002) to Ј7.05 million (2003), an increase of 10.99%. Of this, invoice discounting accounted for Ј5.64 million and Ј1.40 million was factoring turnover
