Creative Parking News Update
Creative Parking News Update
18th January 2019
For the three months to 30 September 2018, sales were 44% up on the same period in 2017, with EBITDA up by 32%. Sales and EBITDA were above budget, as the Company issued more PCNs per site than forecast and achieved higher gross margin from improvements in the PCN collection process.
Net borrowings were £1.4m higher than budget due to corporation tax liabilities being paid earlier than projected.