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Nationwide expects record year

Nationwide, the automotive crash repairer, has revealed that its full years results will be in line with expectations, representing a record year.

Nationwide's balance sheet remains strong, with nil borrowings and net cash as at December 31, 2008 of approximately £5.4million. This is after the acquisition of six body shops over the period.

The directors “remain confident the business is well positioned for long term growth”.

The company said: “The performance demonstrates the success of the company’s twin track strategy of growth, organically and via acquisitions."

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