Fleet News

Credit hire battle hits Helphire profits

VEHICLE hire and accident management group Helphire has revealed the price of peace in the battle over credit hire bills after giving up a claim to tens of millions of pounds worth of debts owed by insurers.

As a result, the company plunged into a £48.1 million pre-tax loss for the six months to September 30, 2000, compared to £2.06 million profit for the same period in 1999. Turnover rose from £29.2 million to £31.4 million over the same period.

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