Lighthouse Group ups turnover by 25%

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 02 May 2024 • 2 min read