Callcredit profits soar 48% to £26m

Callcredit profits soar 48 to 26m.jpg 2New Callcredit boss Mike Gordon will be patting himself on the back this week for choosing the right company to join after the data firm revealed its profits have soared by nearly 48% to £26m in the past 12 months alone.
Gordon joined late last year from business analytics software company Fair Isaac Corp, where he was responsible for overseeing the company’s global sales, services, and marketing operations.
The impressive figures were published in The Sunday Times, with the firm being catapulted into the publication’s Proft Track 100, which reveals the UK’s fast growing businesses; online retailer The Hut Group – led the pack for the second year running with profit growth of nearly 217% to £16m.
Set up by Skipton Building Society in 2001, Callcredit initially launched to challenge Experian and Equifax – at the time, the UK’s credit referencing duopoly. But by May 2008, it had combined Callcredit, EuroDirect, GMAP Consulting, Legatio, Decision Metrics and Broadsystem to offer a broader range of services.
In February last year US private equity firm GTCR financed a £480m management buyout – led by former chief executive John Andrew – buying the stake previously owned by Vitruvian Partners.
At the time of his appointment, Gordon said: “I have always had great admiration for the company’s commitment to innovation and customer service. [I want to ensure] Callcredit continues to be recognised as one of the most forward-thinking and innovative businesses in this space.”

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