London, United Kingdom (PressExposure) April 23, 2013 -- NCI Vehicle Rescue is the latest company listed on the UK's ICAP Securities & Derivatives Exchange (ISDX) to report an impressive trading update.
Harrogate based NCI are vehicle rescue insurance specialists. The company employs around 40 people, and delivers breakdown and recovery services under its "rescuemycar" brand to privately-owned cars and vans, fleet vehicles and motorbikes, alongside insurance for motorbikes.
The latest trading update shows a 75% increase in sales and 49% increase in turnover, with operating profit up an impressive 601%. In tough market conditions these are impressive numbers. The company points to breakdown products showing good growth, as people look for a more cost effective solution to cover their vehicles.
NCI Managing Director Neil Richards-Smith commented:
"It is very pleasing to see that the effort put in by all the members of the team at NCI are allowing us to achieve great results when generally conditions are challenging. We are very confident that the good results evidenced so far in the first nine months should continue and provide an outstanding result at the financial year-end. We will hopefully be able to use the results as a springboard to continue the growth in future periods."
NCI is listed on ICAP's ISDX Market which was launched in October 2012. ICAP is the world's leading interdealer broker and provider of post trade information services.
Many business commentators have in recent years argued the case for an effective and well run smaller company stock market which is accessible to SME's. ISDX promises to provide an efficient attractive alternative to banks and other lenders for growing companies to raise investment capital and to benefit from the enhanced profile and valuation that a public market brings.
There are currently around 140 companies listed on the ISDX Growth Market, making it the third largest stock market in the UK by number of companies, behind The London Stock Exchanges Main Market and AIM
Both the admission process and on-going regulation for the market are designed to meet the needs of smaller companies, allowing those who run companies to focus more on running their businesses than being distracted by red tape.
John Holland from Flotation Consultants, Holland Bendelow says:
'The rules governing companies on the ISDX Growth Market are clear and transparent, making life simpler for entrepreneurial businesses'.
'For a number of smaller companies with more modest funding requirements, joining the ISDX Growth Market may provide a more appropriate and cost effective destination than say AIM'.
As the UK's leading flotation consultancy, Holland Bendelow brings with it a wealth of knowledge in this specialised industry. With more than 20 years of experience in the sector and almost a decade in advising companies on stock market flotation, the team at Holland Bendelow are certain that their level of service and unique knowledge will ensure that their customers come away with the very best advice and support in a professional, confidential and jargon free manor, putting their particular needs at the centre of every assignment.