Enforcement firm Marston Group has posted pre-tax profits of £1.5m for the year to 31 March 2011. Profits fell slightly from the £2.3 million figure recorded the previous year, and turnover decreased by 8% to £25.8 million from £28.1 million in 2010, but the firm’s gross profit margin increased to 64.7% (£16.72 million) from 59.4% (£16.71 million). In its results statement Marston Group said it intends to invest in expanding its field force and develop its relationships with the debt advice sector moving forward.

Gareth Hughes, deputy chief executive of Marston Group, said: “We will continue to develop an integrated end-to-end compliance and enforcement solution. We will also continue to cement meaningful relationships with the advice sector, and we will campaign hard for reform of the enforcement fee scales that would do so much to engineer out reputational risk across the sector.”


Source: Marston Group posts £1.5m profit