LEBC profits up 38% after revenue surge

The firm outperformed its 2012 £556,000 profit by £218,000, which it said has raised its margins from 5.5% in 2012 to 6.9% last year. This was despite buying out Sesame's remaining 10% stake in the business last March. Group chief executive Jack McVitie said the firm saw "a very strong finish to the year, with a surge in revenues in the final month, which was not experienced in the same period last year". He said: "As a business, we have responded extremely well to the social, economic and political changes encountered to become a force in today's financial services market. "We ...