Car-clamping firm in the red after €621k loss

The largest car-clamping firm in the country plunged into the red in 2012 to record pre-tax losses of €621,629.

New figures just filed with the Companies Office show that Nationwide Controlled Parking Systems Ltd went into the red as revenues reduced by 5% from €10.29m to €9.8m in the 12 months to the end of August 31, 2012.

The pre-tax loss in 2012 follows a pre-tax profit of €327,025 in 2011.