Ultimate Finance Increase Business by 50%

Ultimate Finance PLC have just announced their preliminary results for the year ended 30th June 2006 and they appear to have made substantial growth with 131 new clients being taken on in the year bringing their total number of clients to 230.

Client sales financed was up 49% from £82.5m in 2004/05 to £123m. Turnover for the period increased by 52% to just over £3.5 million and their profit was up from £21,000 last year to £290,000.

A good year for one of our preferred factoring companies.