Helm Godfrey posts first half profits slump

In the same six month period to 30 June, turnover for this year was £3.1m - down from £3.7m in 2007 - while the firm holds cash of around £2.2m. Founded following a management buyout in 1999, the firm currently has 37 advisers and continues to actively seek out the purchase of smaller IFA businesses - most recently it acquired the clients of John Crowe & Associates formally based in North London. Managing director, Bruce Wilson, remained defiant, attributing the success of the business down to its strong, focused management, highly qualified client centric advisers and focus on profita...