Homeserve on track

31st Jul 2009 07:41

Homeserve said the year has started well with continuing policy growth and high renewals rates across its three core membership businesses. The home maintenance specialist's expectations for the full year remain unchanged. The group said it remains well funded with low levels of debt and significant headroom on its banking facilities. At the end of March 2009, net debt was £34m."Our core membership businesses continue to perform well, with good levels of policy sales, high renewals rates and a strong pipeline of business development opportunities," it added.