The network increased its turnover from £57 million in 2005 and showed growth in each of its core operating areas. Profit from trading also increased from the previous year - up to almost £2.5 million.
Commenting on the figures, Mike Allison, managing director for Personal Touch, said: “2006 was another great year for Personal Touch. We increased trading in all of the core product areas with significant increases in mortgages, investment and pensions and general insurance.
"The profit levels are outstanding given that yet again during the year we have invested heavily in infrastructure in anticipation of future growth as well as adding some high profile appointments to the management team. The network continues to be financially strong – an increasingly vital factor in the appointed representative (AR) decision making process
"We have some challenging plans for 2007 including the drive in to the 'Directly Authorised' market place with our Mortgagebox and Lifebox propositions, as well as the development of a number of IT engines driving efficiencies for both AR and directly authorised (DA) firms.”
Martin Wilson, chairman for Personal Touch, added: “This is great news for all of the shareholders of Personal Touch, including a number of our AR firms. During 2006 the board has given away a significant number of shares to new and existing firms in addition to those allocated in 2005 and is committed to doing that in the future. These are real shares in the business and some firms will see significant income in the future as a result. The investment by Lloyds Development Capital in 2006 has helped to provide a benchmark value
"It is a great tribute to all of our business partners and our staff that we continue to increase our business year on year in such a significant manner. Yet again, we have ambitious targets for 2007 and are confident that we can help our partners grow their businesses by continuing to add value.”
