Perspective Financial Group Ltd, the consolidation vehicle for IFAs, has posted a profit in its first year of trading and says it is on target to acquire more businesses in 2009.
The company, which only began trading on 1 April 2008, made an operating profit of £450,000 in the year ended 31 December 2008 and saw its turnover hit £3.1m. Damian Keeling, managing director at Perspective Financial Group Ltd, says the company is running ahead of budget and expectations. "We are currently approximately 30% ahead of budget. We expect to acquire a number of businesses during 2009 but our current group expects to turnover some £8.3m and make an operating profit of up to £2m in the year to 31 December 2009. Clearly, as we acquire further businesses these numbers will in...
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