Findel swings back to black

Findel, the online value retail and education business, said it is “confident in the opportunities for future profitable growth” after swinging to a profit for the year to 30 March.

Hailing a year of “growth and strategic progress”, the firm reported pre-tax profit of £22.1 million from a £59.4m loss 12 months previously, as well as a 4.8 per cent year-onyear jump in revenue to £479m.