Callcredit records 50% sales surge

Callcredit Information Group has witnessed annual sales growth of 50% – posting pre-tax profits of £10.9m for 2011– on the back of a series of acquisitions.
This marks a £1m rise on the £9.9m pre-tax profits the company recorded for 2010, as the group’s strong performance saw revenues increase to £91.6m for the year ending December 2011, a 50% leap on the £61.1m achieved the previous year.
Operating profits also grew by 11.2% during 2011 to reach £12.3m, up from £11.1m the previous year. The group has also revealed plans to take on 100 new staff, bringing its total headcount to 900.
During the year, Callcredit purchased data broking services provider The Trading Floor and tenant verification service Tenant ID, as well as online marketing agency Latitude Digital Marketing in February 2011.
It also launched Noddle, a service which offers customers free credit reports for life.
Callcredit chief executive John McAndrew (pictured) said: “In 2011, we were able to demonstrate continued growth and investment in our business and our people, enabling us to outperform the market. However, as we grow as a business it is important not to lose sight of what our customers want so that we can listen and react accordingly.”
Meanwhile, private equity firm Vitruvian Partners, which purchased Callcredit in 2009, also welcomed the Group’s results.
Vitruvian founding partner David Nahama said: “Callcredit Information Group’s performance throughout 2011 was again extremely pleasing and proves that our partnership continues to deliver success and growth for the business.”
Las week, Callcredit Marketing Solutions and sister firm The Trading Floor launched what they claim is “the most granular, most accurate and most up to date consumer database of its kind”, dubbed Define.

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