Composite Legal Expenses reported an increase in profits for year ending December 2001 with pre-tax profits at £463,758 (£56,604 in 2000).
And, growth has continued even more steeply in the first part of 2002 with turnover of almost £5m at the end of April (£2.8m in 2001), the equivalent of over £7m gross premium income.
Composite's Managing Director, John Mullin, said: "The steep rise in our turnover, particularly this year, results from our ambitious growth plans which are projected to deliver turnover in 2002 of around £14/15million equating to some £21/22million gross premium income. A low expense base resulting from significant investment in information technology over recent years has contributed significantly to our excellent bottom line result."
