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Director Nigel Phillips attributes CDL's profits to investment

Venture capital trusts growth

Company has invested in software and staff according to Phillips.

CDL Group's commercial director, Nigel Phillips, has attributed the company's dramatic rise in profits to investment in software and staff.

The software firm's profit after tax for the year to the end of September 2014 rose by 153% to £5.5m compared to £2.2m a year earlier.

CDL's turnover for its last financial year was £34m as opposed to £30.3m for the previous 12-month period according to accounts filed at Companies House.

Phillips said of the growth in profits: "That's because of a

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