Callcredit reports profits of £7m

Callcredit Information Group increased its profits by 54% in 2009 on the previous year to show full year profits of £7m.

The group also increased its workforce in 2009, increasing staff numbers from 625 to 676.

John McAndrew, CEO of Callcredit Information Group says: “Callcredit is focused on driving innovation into the marketplace and these results show that our efforts and achievements have been well received by our customers. 

“Over the course of the year we have continued to refine and develop our unique credit and marketing products, enabling our clients to make more responsible and informed decisions around what an individual consumer can or cannot afford.”

At the end of 2009 Callcredit went through an MBO and partnered with private equity firm Vitruvian. 

McAndrew adds: “The last year, whilst an exciting year of change at Callcredit, has been tough for the market and our customers. The good news is that it was time well spent and we find ourselves with an excellent partner and a clear growth strategy which will come from a combination of organic growth and acquisition.

“With a general growth of revenue and profits across the business in a difficult market, we feel we are well equipped to continue to grow in 2010 and are in a strong position to deliver a solid financial performance and exceed our long term growth objectives.”