Manchester-based broker CBG Group said it would push to double its growth for a second year running after reporting a 89% rise in pre-tax profits in 2006.

The broker said it had strengthened its position as a North West consolidator during 2006 after making three acquisitions. A further four deals are in the pipeline.

Group chief executive Robin Slinger said: "We stated that we intended to double in size in 2006.

"The intention is to keep that momentum going by doubling again in 2007."

CBG reported an 89% rise in adjusted pre-tax profits to £1.2m up from £640,000 a year earlier.

Operating profit increased to £1.02m from £0.56m a year earlier.

The broker said turnover was boosted by the good performance of its acquisitions and had improved by 77% to £5.2m

CBG chairman Laurie Turnball added: "The group's strategy remains to grow rapidly through a combination of selective regional acquisitions and also organic growth from existing operations, principally through cross-selling across the group's trading divisions."