Trail: Premfina remains ‘very, very, ambitious’ despite £9.8m loss
Premfina Limited posted a £9.8m loss in its reserves last year, but has pledged to continue spending in its bid to become a major force in the insurance premium finance sector.
The firm’s profit and loss reserves showed a £9.83m deficit, compared to a £6.854m deficit in 2020, according to its Companies House accounts for 2021.
In July last year, the premium finance house was boosted by a £19m injection into its parent company following an ownership stake taken by private equity giants Madison Dearborn Partners.
This meant the total equity in the business rose from £146,430 in 2020 to £16.2m.
Explaining the figures, sales and marketing director Paul Trail, pictured
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