IFA and pensions administration firm Lighthouse Group has increased its turnover by more than £6m and made significant inroads towards group operating profitability in the last year.
According to Lighthouse Group plc’s consolidated profit and loss account for 2005, Turnover increased 23% from £26.5m in 2004 to £32.6m and gross profit rose 25% to £8.6m while the EBITDA - or group operating loss before depreciation, amortisation of goodwill and exceptional operating expenses and interest – also rose from a loss of £797,000 in 2004 to £472,000. Indications of an improvement in the business performance can be seen in the reduction of the firm’s loss before taxation, which has reduced substantially from £1.8m in 2004 to £482,155, and the actual loss before exceptional costs...
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