Tom Keighley

Debt advisor?s earnings ?substantially ahead?

Fairpoint Group plc, the provider debt advice has said profits for 2012 are expected to be substantially ahead of 2011.

The Lancashire-based firm said its claims management services contributed to strongly to revenues and profits.

Despite a subdued market, the Group’s IVA services maintained an improvement in performance and DMP services were said to be broadly stable.

Chris Moat, CEO of Fairpoint said: “As expected, the second half continued the momentum achieved in the first half, resulting in a strong performance for the year as whole, from both a profitability and cash generation viewpoint.”

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