Brokerage Norton Folgate is back in profit two
years after it was repurchased via a special purpose vehicle.
As of March 2011, the end of the company’s
financial year, underlying sales growth was up 29 percent compared
to the same period a year previously.
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Growth of 25 percent or more has been forecast
for the coming year, and no addition to fixed overhead is
expected.
March was described as the company’s “best
month” since August 2007.
The company has made two new appointments:
Paul Murray becomes associate director of business finance, and
Ellie Hoad is business development manager for professions finance
respectively. Both join from St Helens Finance.
London-based Norton Folgate was repurchased by
an SPV owned by MD Robert Keep in 2009.
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By GlobalDataclaire.hack@vrlfinancialnews.com
