Mobile Doctors Group Plc - Financial Results for the year ended 30 November 2009

Mobile Doctors Group Plc (AIM: MDG.L), one of the leading providers of medico-legal reports for personal injury claims in the UK market, announces its final results for the year ended 30 November 2009.

Mobile Doctors Group Plc provides the following:

Directors' report and consolidated financial statements for the year ended 30 November 2009.   

 

Highlights:
  • An increase in turnover by 27% to £27.6m (2008: £21.7m);
  • Profit before tax increased by 60% to £800,000 (2008: £501,000);
  • Continued to repay senior debt by a further £790,000;
  • Creditor days have reduced from 222 to 184;
  • Debtor days continue to reduce and have gone from 389 to 346; and
  • Increased provisions against debtors by over £1m in the light of current economic conditions
  
Commenting on the results, Peter Opperman, Chairman, said:

"It gives me great pleasure to introduce our third set of financial statements as a quoted company which confirm a progressive position.

I believe 2010 will be an interesting year as the effects of the Ministry of Justice reforms are felt across the sector. It provides us with huge opportunities to grow our offering in terms of turnover and breadth of service.

The increased turnover and volume of cases processed demonstrates the commitment and contribution of our employees; I would like to extend my thanks to all of them."

Enquiries to:

Mobile Doctors Group Plc

Matthew Game

Tel: 020 8787 2000

http://www.mobile-doctors.co.uk/

Daniel Stewart & Company plc

Oliver Rigby

Tel:  020 7776 6550

Redleaf Communications

Adam Leviton/Michael Ward

Tel:  020 7566 6700

Email: mobiledoctors@redleafpr.com

       
   

Ends

Mobile Doctors is a supporter of Brake the road safety charity.

Ends:

  • Mobile Doctors, established in 1989, has grown organically to become one of the leading suppliers of medico-legal reports for personal injury claims in the UK. It provides independent and objective medical evidence via a national panel of medical experts and therapists.
  • Mobile Doctors has a database of approximately 2,500 medical experts covering many areas of the UK and currently provides approximately 70,000 reports out of approximately 600,000 reports required annually.
  • In addition to its core medical report service, Mobile Doctors has also successfully developed a comprehensive medical investigation, diagnostic and rehabilitation service.  Provided in partnership with Nuffield Health, the clinically governed services include physiotherapy treatment for claimants' musculo-skeletal disorders.

Mobile Doctors Plc listed on AIM 18th July 2007