2plan edges closer to profit as turnover soars 55%

Turnover for the first three months of the year hit a record £2.49m, according to the firm, up from £1.61m for the same quarter in 2009. The national IFA says it has yet to turn a profit, but adds at the end of April it was almost £300k ahead of its target to break even by the end of 2011. Last month returned the highest monthly revenue since the company started in July 2007, with sales for April passing the £1m mark for the first time, 2plan says. Today's Q1 2010 announcement follows strong annual results for 2009. Preliminary corporate results for last year showed a record 144...