Helphire hopeful of halting the decline

Helphire hopeful of halting the decline

30/04/2012 in News, All News, Supplier News

print twitter fb in
Was this article useful?

Click the thumbs up >

Accident management group Helphire has reported that credit hire lengths continue to show a decline year-on-year.

In its update for the third quarter trading to April it said conditions are unchanged and overall results for the period are in line with the board's expectations.

"Whilst recent indications are that the rate of decline may have slowed, it is too early to evaluate if the hire period has stabilised," its statement added.

The group saw net debt (including fleet financing) reduced by £7.9 million, from £132.4 million to £124.5 million, in the three month period from 31 December 2011 to 31 March 2012.

Following rival Accident Exchange's legal actions against former Autofocus employees and the re-opening of cases said to have been wrongly decided in favour of insurers due to Autofocus's alleged fraudulent hire rates evidence, Helphire applied to the Court in March 2012 to issue an action allowing the company access to data from Autofocus's liquidator.


comment-top

Comment:

(no need to login)

Your name:

Your email:

(will not be shown)



Please enter the code above.



Notify me when people reply

Click here to login to leave a comment
comment-bottom

Comments (0)


poll header

Do you expect your used car margin to increase or decrease in 2015?

Increase: 31.8 %

Decrease: 68.2 %


Vote now
.
.