Hornbuckle Mitchell boosts profits to £800k

The provider reported operating profits are three times higher compared with the first half of 2010 at £780,000. The results come after Hornbuckle posted a loss of £441,740 in 2009 and profits of £137,917 in 2010. "The growth has been driven by both new schemes and an increase in activity in our existing ones, while we have continued to keep a tight grip on costs," said managing director Dave White. Hornbuckle announced in July it was looking for an investment partner to inject cash into the business to fund an overhaul of its IT systems. It has also created a separate "centre o...