Acquisitive broker Smart & Cook recorded a 35% leap in turnover in the year to
30 April 2004.
Financial results from Smart and Cook show turnover from continuing operations of £11.1m, up from £8.2m in 2003. Pre-tax profit rose from £1.7m to £1.8m.
For the same period, Smart and Cook's holding company, Thornton Grove (Holdings) recorded turnover from continuing operations of £16.7m, up from £13.1m in 2003.
Pre-tax profit rose to £2.6m, up from £2m. Chairman Geoff Cook described the result in his statement as “record profits”.
In March 2004, Smart and Cook Holdings purchased 100% of the issued share capital in Thornton Grove (Holdings), becoming the ultimate parent company of Smart and Cook.