London-based factoring company DCD Factors have today released their annual accounts for the year ended 31 December 2001. The year was another one of sustained growth for the company which commenced trading in 1997, although the rate of the company’s growth seems to be slowing.
Turnover has risen by 27.1% from Ј744,720 in 2000 to Ј946,520 in 2001. This compares with turnover growth of 50% from 1999 – 2000.
Profit before tax has risen by 42.78% from Ј119,310 to Ј170,340. This compares with a profit before tax of Ј9,670 in 1999 and a loss before tax of Ј240,530 in 1998.
Another notable feature of the accounts was that fixed assets have decreased massively from Ј722,140 in 2000 to Ј9,386 in 2001.
For a further breakdown and analysis of the accounts, please click through to:
DCD Factors PLC/ Factors’ Details and Analysis
BCR
