Miles Smith Holdings reports soaring profits

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The firm's turnover increased by 11% in the year ended 31 August 2014.

Miles Smith Holdings has reported post-tax profit of £1.03m for the financial year ended 31 August 2014 in a document released to Companies House.

The filing showed a massive increase on the £29,205 achieved in the preceding 12 months.

The company's operating profit before tax rose to £1.61m (2013: £420,195) as turnover increased 11.4% to £18m from £16.16m the year before.

The group has grown its turnover every year since 2009, when it was at £8m and reported an operating loss of £538,000.

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