Pictured above: Stephen Hunt, CEO of LaSer UK
LaSer UK, the Solihull-based credit and loyalty services
provider, has reported strong growth in 2010 and has set a new
target to double the size of the business by 2013.
The year to 31st December 2010 demonstrated significant growth
with a 42% increase in sales and 51% increase in balances.
Stephen Hunt, CEO of LaSer UK is optimistic for the future. He
says: "2010 was a remarkable year that came from the hard work and
focus of everybody in the company. We have achieved a real
milestone and now have the breadth of offer and scale in the
business to be even more ambitious".
Financial & Operational Highlights
· 42% increase in sales to £1.2bn
· 51% increase in balances (level of outstanding
credit)
· LaSer UK is now the only major credit provider to
continue to support clients in the Republic of Ireland
· Company sets new objective to double the size of the
business by 2013
The strong financial performance has created growth in its
operations in Solihull and Belfast. As LaSer UK continues to grow
it has recruited new expertise as well as developed the skills of
its existing staff. 2010 saw an increase of 10% in staff and
considerable investment in technology and new products.
Stephen Hunt, CEO of LaSer UK, commented: "These results
demonstrate the benefit of the investments we have made in terms of
people, systems and processes, which have delivered new clients,
increased sales, reduced costs and lower risk. We have achieved our
target of becoming a £1 billion business, a target put in
place in 2006, one year ahead of schedule".
LaSer UK is a business that continues to evolve, developing
innovative new products designed to help partners drive sales and
customer loyalty. Highlights for 2010 include:
· Award winning, paperless e-commerce solution, the
first of its kind in the UK marketplace, launched with a world
leading online computer and electronics retailer
· Exclusive point of sale finance deal secured with
Dixons Retail, owners of Currys and PC World
· Launch of loyalty and marketing services
· Appointed by major insurance provider ChoiceQuote to
manage its premium finance facility, making the provision of
premium payment fast and efficient
· New rewards credit card launched with Maximiles UK
Stephen Hunt, CEO, LaSer UK attributes the success to the
diversity of offer and ability to tailor flexible programmes that
drive real value for partners. "The business is built around data
and a true understanding of how to turn insight into driving sales
and customer loyalty. In 2011 the focus remains on profitable and
sustained growth supporting partners in growing their business and
a continued investment in our business with a strong focus on the
rollout of loyalty services".
For more information visit www.laseruk.com or
for LaSer UK's consumer website, visit www.creation.co.uk