Callcredit Information Group boosts profits

Large growth in 2008 for Callcredit Information Group as:

  • Revenues increase by 73%
  • Profits increase by 67%
  • Staff numbers increase from 419 to 625

Callcredit Information Group, formerly Skipton Information Group, announced today that it saw significant growth in 2008, with sales increasing by 73%. Despite the uncertain trading conditions in 2008, full year profits of £4.6 million show an increase of 67% on the previous year and the Group also continued to expand its workforce, increasing staff numbers from 419 to 625.

Within the Group, credit reference agency Callcredit and marketing solutions provider Broadsystem performed particularly well. Callcredit's revenues increased by an impressive 46% versus last year, due to winning a number of key contracts with high street lenders and the success of its collections and account management products. The company also saw online credit searches treble during the same period. In its first year under ownership of the Group, Broadsystem have turned round a previous operating loss to show a profitable position in 2008, with revenues exceeding expectations and growing by 8%.

Caroline Worboys, MD of Callcredit Marketing Solutions, said,
"Although the last year has hit the marketing industry hard, Broadsystem and EuroDirect have together grown stronger throughout 2008. As Callcredit Marketing Solutions we have been able to deliver an unrivalled capability to marketers - turning data, insight and customer interaction resources into customer value, which marketers have seen measurably increase their performance. Testament to this has been our ability to welcome on board a raft of new blue chip clients throughout the year and turn a strong financial result at year end."

Mike Green, CEO of Callcredit Information Group said,
"In what was a very difficult year in terms of the economy, CIG made good positive strides in 2008 and continues to grow, increase market share and improve profit margins. Growing in difficult times confirms to us that we're contributing value to our clients and with new product innovations already in place for 2009 we expect to continue to deliver a solid financial performance and exceed our long term growth objectives."


Notes to Editors

About the Callcredit Information Group
Callcredit Information Group (www.callcreditgroup.com) brings together experts across the fields of credit referencing, marketing services, interactive solutions and consultative analytics to enable our client base of businesses and consumers to make informed decisions using our innovative products and services. The group is made up of two complementary divisions:

Marketing Solutions, providing specialist knowledge in customer analytics, consumer targeting, database building and hosting, marketing communications, business modelling and market analysis through three market leaders in their own fields: EuroDirect, Broadsystem and GMAP Consulting.

Credit Solutions, encompassing Callcredit, Legatio and DecisionMetrics - specialists in credit risk, ID verification services and tracing tools.

About Broadsystem
Broadsystem (www.broadsystem.com) creates, manages and delivers multi-channel customer communication strategies.  It develops, hosts, and manages marketing databases and, through the intelligent analysis of marketing data, delivers and handles marketing messages through integrated multi-channel communications. Broadsystem clients include: RAF, NHS 'stop smoking support programme', Times Newspapers Limited, Sky, Lancôme, Mulberry, BBC World Service, FIVE, Vodafone, ING Direct, Wickes, TUI Group, News Group Newspapers Group, Marriott, Associated Newspapers Ltd.

About EuroDirect
EuroDirect, the marketing services business within Callcredit information group and is one of the UK's leading marketing suppliersThe company is well established in the field of direct marketing. Clients include over 40% of the UK's top 1,000 companies, including three of the top five largest multi nationals Examples are Npower, Airmiles, Capital One, Scottish and Southern, Barclaycard and HBOS. EuroDirect is a prime supplier of consumer data, targeting and segmentation systems, credit marketing services and software and technologies to help marketers undertake consumer profiling, analysis, targeting, data management, market analysis and decision support. EuroDirect also works internationally and has developed a suite of international segmentation tools under the CAMEO brand.

About GMAP Consulting
GMAP Consulting (www.gmap.com) has over 20 years experience in retail, automotive, petrol forecourt and financial services and specialises in helping both UK-based and multi-national organisations develop their retail networks, sales territories and market channels to be more efficient and profitable, by understanding the market dynamics that exist between consumers and retailers.