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.