Independent Growth Finance has released its annual report and accounts for the year ended 31 March 2002. Turnover rose by 40% from the 2001 figure of Ј2,261,825 to Ј3,174,106. Profit before tax rose by an impressive 110% from Ј155,977 in 2001 to Ј328,214.
David Richards, IGF’s Managing Director said that the company’s increase in profit was due to a significant increase in the business written during the year 2001/2002. He added “The increase in profit was also achieved by extending our client life and by focusing on a slightly different market, generally a half million to five million turnover market as opposed to business below half a million, so that we provide a more specialist service for our customers.”
