£1m+ profits for commercial finance provider

Invoice finance provider Ashley Commercial Finance has reported a pre-tax profit of £1,021,822 for the year ending 31 March 2009.

By the year end the Company had 247 clients spanning most sectors of industry and commerce.

Jonathan Cranston, Ashley Commercial Finance’s managing director, said: “This is a pleasing result given the recessionary backdrop and we continue to experience a healthy level of new enquiries for our services. Our well spread book means that bad debts are comfortably within the industry norm and we view the future with confidence.”””