Personal Touch Financial Services (‘PTFS’), one of the UK’s largest adviser networks, has today published its 2011 annual results showing a growth in productivity on marginally reduced turnover. Gross profit for the year stood at £9.8m with profit after tax of £1.6m. The company’s net assets grew 13.7% in 2011 to reach £14.1m with cash reserves of £2.3m. Annual turnover for the year was £56.1m (2010: £59.9m) down just over 6%.
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