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Burns-Anderson reports record half-year results

Burns-Anderson has revealed a record half-year profit of 330,000, which is already in excess of the full years profit for 2005.

Peter Coleman, finance director, says: Our turnover is 25% up on the first half of 2005. We have increased our capital adequacy by 75% year on year and we have virtually paid off the loan from Norwich Union. This puts us in a strong financial position and, as we are planning to accelerate our growth, this will be an attractive proposition for potential investors.

Coleman adds: Our continued profit growth is due to an increase in turnover by our members, an increase in the number of members and excellent financial management. Our half-year profits are nearly four times the equivalent situation last year. We prove yet again that the network model is right provided it has good management. By reinvesting in the business, our future looks very bright.


Over 50% of adults think benefits will be cut

More than half of British adults believe the Government will cut state benefits over the next five years, research from Lincoln Financial Group reveals. The survey shows considerable confusion about the support people believe they will receive from the state if they cannot work.Research shows 54% of adults around 24.8m people – believe benefits will […]

Retirement Plus joins Exweb

Retirement Plus has become the 16th lender to be added to The Exchange’s equity release sourcing platform Exweb.

UCB relaunch

UCB Home Loans is relaunching its core range.

Leeds cuts cost of fixed rates

Leeds has reduced the rate on its three-year fixed rate mortgage and fee free version by 0.5%. Previously at 5.39%, the mortgage without any lock-ins has been reduced to only 4.99%. The fee-free version is now 5.39%, down from 5.89%,


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