Relax given a boost as consumers struggle to manage personal debt

CONSUMER debt management firm Relax Group yesterday said the economic outlook continues to favour the firm&rsquo;s activities as it updated the market on an &ldquo;extremely satisfying&rdquo; set of results.<br /><br />Relax, which acquired PB Recovery in February and Relax Finance in May last year, said pre-tax profit rose to &pound;668,000 for the five months to December, after it changed its accounting period from a July year-end to a December year-end. Reported revenue rose 20.9 per cent to &pound;6.5m on a pro rata basis.<br /><br />Chairman Bernard Asher said the economic turmoil had thrown up opportunities as the number of people seeking advice about debt and financial problems continues to rise.

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