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Profits triple for Positive Solutions

Positive Solutions has seen a 98 per cent increase in turnover, bringing business in the first quarter of the year to 15m from 7.5m in the same period last year.

First-quarter profits rocketed by 305 per cent to 1.5m from 490,000.

The firm’s annual report, published this week, also shows an increase in the number of its IFA partners from 750 to 1,100.

The firm puts its growth down to the quality of the IFAs it has on board and expects to be well on tar- get for hitting its busin- ess objectives.

Chief operating officer Neil Johnson says: “We are not a plc so we are not obliged to release our reports publicly.

“However, we have always believed that an IFA organisation should be transparent in its dealings with its stakeholders.

“These figures reflect our best quarter yet and confirm that we are on track to meet our business objectives through an efficient model enabled by technology.”

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