The company, that owns c2-financial and c2 secured considers this increase to be particularly positive news given the fact that during the year in question the company invested heavily in growth, technology and new larger premises.
The company is in possession of interim figures to July 2005 and growth is once again forecast to increase very aggressively. David Wylie, Managing Director, said: “We are absolutely delighted with the profit levels for 2004 and had it not been for some exceptional costs incurred to necessitate the growth of the business, profits would have been significantly higher. Although we are obviously not yet in a position to release figures for 2005, it is safe to say that based on interim figures covering the first three quarters of the year, we are once again going to have a three figure increase in growth in the company’s profitability, this is being achieved through close attention to costs and because the group is seeing a return on re-investing into the business during 2003-2004.”
The company plans to dramatically increase its share of the market over the coming months, based on high levels of customer service and market-leading products.
Justin Caffrey, sales and operations director, said: “Having focused on controlling our costs whilst at the same time offering excellent customer service, we have now built a sound financial foundation for the c2 brands. Despite our strong financial position, we acknowledge that our market share is not where we would like it to be, so in the coming months it is our intention to use the strength of our business to significantly increase that market share. It will be interesting to see which of our competitors will be able to match the standard which we will soon be setting, watch this space.”
