Record resultboosts hopes
BILLINGHAM-based financial adviser Carterbar has more than doubled turnover in 12 months, soaring above the £750,000 mark for the first time.
The company, which is based at Manor Way, on the Belasis Business Park, recorded turnover of £860,000 in the last financial year, up from £410,000.
Income was boosted by the 12-year-old firm’s first acquisition - of Sunderland-based Retirement Options Wearside.
Director Arthur Dornan said: “The results show what we have been saying for some time, that despite the uncertainty caused by the problems at Northern Rock and the credit crunch, there is still cause for optimism in the North-east economy.”
Fellow director Craig Dyball added: “If you look around Teesside, where we are based, there is massive investment in new companies and business developments and I think that is an indication of the confidence that many people still feel.
“We have enjoyed a period of fabulous growth and the results underline that,” he added.
Financial planner Suzanne Cox,said: “Our investors do hear the talk of uncertainty and slowdowns in the house market, but our experience is that they recognise that there are still good investments to be made.”
Carterbar, which provides advice on mortgages, life assurance, income protection, pensions and investments, is unusual in the financial services sector for having a high proportion of female staff.
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