Savills doubles profits
During the year profit before interest and tax for SPF was £1.988 million (£937,000) on a turnover of £11.021 million (£7.992 million).
Mortgages in excess of £1.5 billion were arranged and Savills Private Finance is now operating from ten locations throughout the UK, with two further offices in Southampton and Glasgow planned for 2003.
Commenting on the results Mark Harris, managing director of SPF, said: “I am delighted to announce record results which are a testament to the quality of our offering and our staff. Over the last six years we have seen our business develop into the leading independent mortgage broker specialising in the high net worth market. Although residential mortgages remain our core business, we have expanded into the specialist areas of financial planning, commercial debt broking and general insurance.”