We’ve maintained our growth over the past couple of months with December particularly busy due to obvious seasonal factors. We lent out 20% more in December 15 than in October 15 and expect January to be at least on par with December (it’s tracking that way at the moment). We expect December collections to be marginally slower that other months. While there has been a corresponding increase in direct costs it’s pleasing to see that fixed costs have remained flat.
During the start-up phase of the company the founders chose to take less salary and as the company moved strongly into profit decided to start paying themselves more of a salary. That level has remained flat, if not dropped slightly due to a staff member leaving and not being replaced.