Home-shopping firm N Brown sees slowdown in rate of debtors growth

Jul 8 2009 by Graeme Brown, Birmingham Post

Home-shopping group N Brown said the recent rise in money owed by customers slowed after it adopted a more cautious line on new business.

The firm, which boasts celebrity designers including Gok Wan, reported a slowdown in the rate of debtors growth to eight per cent, down from 13 per cent at the end of its financial year.

It reported a 5.1 per cent rise in group turnover in the 18 weeks to July 4.