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Leonard Curtis posts turnover rise to £14m 4 July 2011

The company added that operating profit had risen to £4.6m, for the full year to April 2011, compared to £4.1m during the previous 12-month period.

Leonard Curtis said trading was strong across its debt advisory division, corporate strategies and in its finance raising division, Factoring Advisory Service.

Finance director Jon Mercer said “This year we have invested significantly in group infrastructure, made several key appointments nationally and opened a Bristol office. 

“The excellent results for the 12 months to April 2011 have been without a full year effect of this investment, so we anticipate there to be positive impact on this coming years’ performance.”

Business development director Paul Reeves said: “Businesses are increasingly looking for solutions that don’t involve insolvency procedures and our service lines have expanded to accommodate this.

“If we get involved with a stressed business early, there are more options and a greater chance of aiding their recovery, and avoiding a distressed scenario.”

After securing a £5m funding package with The Co-operative Bank earlier this year, the group focussed on expanding its debt and funding solution services offering for small and medium-sized enterprises (SMEs).

Leonard Curtis said Visibility, the group’s risk management and assurance business, continues to grow strongly within the asset based lending market.

Reeves said the group has eight offices nationally and is looking at several acquisition opportunities to expand geographically and continue to broaden its service lines.

He added: “We have some high profile recruitment planned nationally over the summer and 2011/2012 will be another year of investment in the business, through recruitment of key staff to drive organic growth, although we won’t rule out an acquisition if we feel it complements the group’s offering.”

 

 

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