In 2007 when Farepak went into receivership, it caused havoc in the multi-redemption voucher industry as confidence and security collapsed. In response, Park Group produced extra safeguards by creating the Park Prepayments Trustee Company Limited to segregate customer prepayments from the group’s funds. In 2009 the group’s customer recruitment campaign was its most successful ever. Park Group’s balance sheet is free of bank borrowing, it has a cash balance of over £12m, and this enabled management to maintain a progressive dividend policy and continue to grow its core division’s revenues.

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