PIB’s purchase prices revealed
Consolidator moved into Ebitdae profit in 2017.
PIB Group delivered Ebitdae of £4m for the year ended 31 December 2017, according to a filing at Companies House.
The profitable figure reversed the £2.5m loss of 2016 which actually covered 13 months due to changes in the reporting timing.
For 2017 turnover soared to £59.7m (2016: £15m) as the consolidator continued its buying spree. Headcount also rose dramatically from 343 to 710.
However the bottom line remained in the red with a loss after tax of £12.3m (2016: £8.1m).
Progress
Brendan
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