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Autoclenz profits reduced

Autoclenz's profits before tax took a dip in 2007, falling to £1.5 million in comparison to £2m in 2006.

Despite the fall in profits, the UK car valeting provider’s sales were up 2.2% year-on-year to £27 million, in comparison to £26.4m. Autoclenz also reduced its bank debt by 11% to £4.3 million, down from £4.8m in 2006.

John Bell, Autoclenz chairman, said: “Against the background of a tougher economic and trading environment, we have successfully focused on a range of operational efficiencies.”

Bell said the company was also developing relationships to expand its presence within the car rental marker allowing it to reduce its dependence on the automotive sector.

He added: "The directors see 2008 as a year where the group has the structure, control, energy and the range of services to take advantage of any opportunity that may present itself."

Autoclenz provides its car preparation services, which includes labour, chemicals, equipment, materials, management and quality control systems, to the fleet, daily rental, auction and dealer network across the UK. Key customers to Autoclenz include Helphire, Premier First, AVIS and major automotive groups.

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