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August 05, 2015 12:23 AM ET

Consumer Finance

Company Overview of MCB Finance Group plc

Company Overview

MCB Finance Group Plc, a consumer finance company, provides credit solutions in Finland, Estonia, Latvia, Lithuania, and Australia. The company offers short and medium-term loans to retail customers under the Credit24 brand, as well as online sales financing solutions to retail customers and Internet retailers under the Sving brand. It serves customers through its Credit24 branded Websites, as well as through selected distribution partners. The company was incorporated in 2006 and is based in London, the United Kingdom. As of February 6, 2015, MCB Finance Group plc operates as a subsidiary of International Personal Finance Plc.

Waverley House

7-12 Noel Street

London,  W1F 8GQ

United Kingdom

Founded in 2006

79 Employees

Key Executives for MCB Finance Group plc

Chief Executive Officer and Executive Director
Age: 47
Chief Financial Officer and Director
Age: 50
Head of Corporate Development, Company Secretary and Executive Director
Age: 43
Compensation as of Fiscal Year 2015.

MCB Finance Group plc Key Developments

MCB Finance Group plc Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

MCB Finance Group plc reported unaudited consolidated earnings results for the year ended December 31, 2014. For the year, revenue was €36,333,952 against €32,992,015 for the same period of last year. Operating profit was €7,409,903 against €4,176,473 for the same period of last year. Profit before income tax was €2,525,429 against loss before income tax of €1,775,667 for the same period of last year. Loss for the period was €62,576 against profit of €1,301,496 for the same period of last year. Proforma profit before taxation was €2,035,782 against loss of €860,721 for the same period of last year. Proforma profit after taxation was €1,368,642 against profit of loss of €1,581,550 for the same period of last year. Diluted earnings per share were €0.0077 against profit of €0.0396 for the same period of last year. Net cash used in operating activities was €1,375,579 against €11,415,792 for the same period of last year. Purchase of property, plant and equipment was €30,656 against €98,826 for the same period of last year. Purchase of intangible assets was €1,524,752 against €1,416,161 for the same period of last year. Net debt as of December 31, 2014 totaled €37.7 million compared to €34.7 million a year ago.

MCB Finance Group Plc Cancels Trading Of Ordinary Shares On AIM

At the request of MCB Finance Group Plc trading on AIM for the ordinary shares have been cancelled from February 9, 2015 7:00am.

MCB Finance Group plc - Fixed Income Call on Dec 08, 2014

MCB Finance Group plc - Fixed Income Call on Dec 08, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 18, 2014
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