Ince Group - Quick Take - FY21 Trading Update
Ince has released a trading update covering its financial year ending 31st March 2021. Revenue was slightly ahead YoY at £97m (FY20: £96.4m net of discontinued operations) and net debt was broadly flat at £7.1m (FY20: £6.9m). As a result of its new debt facilities, Ince has cash and headroom totalling £10.8m (FY20: £5.3m) with which to pursue its growth strategy. A dividend payment is under review and the outcome of this, as well as future policy, will be announced with the full year results.
Read the full note here.