Callcredit Information Group

Callcredit Information Group

May 17, 2011 13:33 ET

Callcredit's Growth Continues Despite Difficult Economic Backdrop

LEEDS, UNITED KINGDOM--(Marketwire - May 17, 2011) - Today, 17th May 2011, Callcredit Information Group (CIG) reinforced the strength of its business by releasing its annual results for 2010 – the first full financial year following its partnership with private equity firm Vitruvian.

Highlights of Callcredit Information Group's financial results issued today:

  • Profits increase by 48%
  • Revenues increase by 14%

Callcredit Information Group has continued to see excellent growth in 2010, with profits from operations increasing 48% on the previous year to show full year profits of £11.1 million. Despite continued uncertain market conditions throughout 2010, the company saw revenues increase by 14% year on year. The Group also continued to expand its workforce increasing staff numbers from 676 to 800.

The results demonstrate the continued commitment to grow the business in a year which has also included the acquisition of pbl (process benchmarking limited).

John McAndrew, CEO of Callcredit Information Group said, "These results clearly prove that we are continuing to deliver innovation and service into the marketplace and that our customers recognise our points of difference".

David Nahama, Founding Partner at Vitruvian Partners commented, "The performance of Callcredit Information Group throughout 2010 was extremely encouraging and proves that our partnership is already delivering success for the business. I am sure that this positive trend will continue in 2011 and ensure Callcredit is ideally placed to capitalise on the strategic opportunities that lie ahead.

John Mc Andrew concluded, "In 2010 we were able to demonstrate continued growth in what was a very difficult and challenging market. Our customers appreciate that legacy methods often do not work in a world changed by differing risks, consumer confidence, new distribution channels and legislation. They welcome our new and innovative approach.

In 2011 we will continue to strongly invest in both organic development and acquisitions – as advised by our customers".

For more information on the Callcredit 2010 Annual Results please contact Duncan Bowker.

Callcredit Information Group's leading approach to deploying consumer information brings together experts across the fields of credit referencing, marketing services, interactive solutions and consultative analytics to provide clients with a range of innovative and effective products to discover new customers and to engage with current customers to optimise and increase profitability.

Products include award-winning fraud verification tools and database solutions to positively verify consumers, global operations to help expand businesses into new markets, digital solutions to improve the overall journey consumers make during interaction with a brand, customer handling to ensure consumer satisfaction at all levels and consumer marketing data and data segmentation to improve understanding and targeting of customers and prospects.

Callcredit also offers products for their clients to assess a customer's credit risk and affordability and their experts in collections and recoveries provide tailored debt recovery and tracing tools. Their market analysis and network planning function helps organisations develop profitable retail networks, and their tools in multi bureau, analytics and metrics work to provide fully assessed bureau data.

On December 7th 2009, Callcredit Information Group partnered with private equity firm Vitruvian, following an MBO. This is the first full accounting year in which Callcredit has been under the new ownership.

Post balance sheet-acquisitions of subsidiaries:

  • On 17th January 2011, the Group acquired Orbiton Limited, the holding company for The Trading Floor Limited, which specialises in data provision.
  • On 31st January 2011, the Group acquired a controlling share of Latitude Digital Marketing Limited. Latitude Digital Marketing Limited offers a range of digital marketing services to customers.

Both businesses were acquired as they offered strong synergies with Callcredit's current Marketing Division and the services they provide have a natural fit with the current Group objectives.

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