Skip nav
ClearDebtGroup plc

ClearDebt Group plc
(“ClearDebt” or “the Group”)

Preliminary Results for the year ended 30 June 2010

Financial Highlights:

• A positive step change across all valuation metrics
2010 2009
Revenue £6.6m £3.4m
Gross profit £3.3m £1.4m
EBITDA (before separate disclosable items - see note 4) £2.0m £0.7m

• Another excellent year, further improved by the acquisition of the Relax Group plc (“Relax”) back books, together with further substantial growth in the numbers of new IVA cases approved during the past year
• Very strong and stable new cash flows from the £2.7m acquisition of assets from the administrator of Relax
• Successful refinancing to pay all acquisition costs

Operational Highlights:

• Continued impressive organic growth, combined with intelligent acquisition
• Very strong increase in new Individual Voluntary Arrangements (IVAs)...

Read full release

Image Channel