Callcredit breaks £200m barrier with record results

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Callcredit breaks £200m barrier with record results
Credit: Shutterstock.com/ Pressmaster

Leeds-based Callcredit Information Group has posted record results, breaking the £200 million barrier as it unveils its new brand.

The Group recorded an 18% increase in gross revenue to £201 million (2015: £170 million). Over the same period, group operating profits outpaced revenues, growing by over 20%.

The results confirm Callcredit now occupies the number two position based on UK revenue.

CEO Mike Gordon said: “By maintaining excellent client relationships and staying focused on a strategy of investing in product and service development aligned to our customer’s needs, we have grown to become an industry leader.

“Today’s results represent seven consecutive years of profitable double digit revenue growth and provide the springboard for further UK and international expansion.”

The upsurge in growth was driven by a combination of organic and acquisitive.

The Group’s client base expanded with a number of key account wins across multiple sectors and was augmented by a number of strategic acquisitions. To support this, IT infrastructure investment also increased by more than a third year-on-year.

Mr Gordon added: “During 2016 and the first half of 2017, we have made significant acquisitions and key appointments which will accelerate our business both in the UK and internationally.

“We bought customer experience specialist, Numero, in March 2016 and device fraud protection firm, Recipero, in September 2016.

“At the beginning of 2017 we restructured our wider operating model, appointing both a head of North America and a separate head of International Markets.

“Last month we acquired leading Spanish fraud prevention and anti-money laundering business, the Confirma group of companies, and appointed a head of Spain.”

The record results coincide with the Group’s new brand.

Alongside the new look brand are a new set of principles, which, the Group said, will be central to its operations and client offerings going forward.