Beaufort Group swings into profit but is 'not fattening up for sale'

The profit, on a turnover of £1.93m, marks a turnaround for the business, which reported a pre-tax loss of £253,000 last year, its first year of trading, due to "significant start up costs". But chairman Simon Goldthorpe (pictured) said that while "in the advice industry profit sometimes seems to be a novelty", the firm is "not a consolidator fattening up for sale". "We are a commercial enterprise building a business with longevity and sound, financial foundations," he said. The firm's advice arm Beaufort Financial Planning was awarded Chartered Firm status this year. Its 30 appoin...