IGF Invoice Finance Limited, part of Independent Growth Finance Limited, has recorded a pre-tax profit of Ј510,723 for the year to 31 March 2003, an increase of 55.8% compared with the previous twelve months (Ј328,214-2002). Turnover in the same period increased by 48% to Ј4.702 million (Ј3.174 million-2002).
These results build on the 110% increase in pre-tax profit recorded in 2002 compared with Ј156,000 for the twelve months to 31 March 2001.
Independent Growth Finance (IGF) is an independently managed, invoice finance company specialising in the small- and medium-sized business (SME) market, namely companies from new start up to Ј10 million turnover per annum.