2Plan two years from profit

Chief executive Chris Smallwood says the company, which launched in July 2007, expects to attain a "positive" cash flow by August next year before breaking into profit a year later. Earlier this week, 2Plan published its 2008 results showing turnover of £3.2m, more than 11 times its 2007 figure of £281,000. "We are not in a profit-making situation yet," Smallwood says, "but we are well ahead of our business plan." He says improving business at the IFA means it is becoming less reliant on investment from its major shareholder Standard Life, which owns 15% of the business. 2Plan i...