REPORTS ON MCASLAN'S FINANCES ARE 'MISLEADING'
In ajplus 26.04.07 you claimed 'McAslan sees profits plummet despite massive turnover'. This is inaccurate and misleading. We recorded a record turnover for the 2005-2006 financial year of close to £8 million with an operating profit of £800,000. From this, around 20 per cent was distributed to staff as part of our practice profit-sharing scheme, and over 5 per cent to charities.
We regard our performance in 2005-2006 as an exemplary financial result, particularly since we restructured the practice during that financial year and invested heavily in our infrastructure while maintaining growth and expansion. You might also like to note that our performance for the first half of this financial year is 25 per cent up on the same period last year.
Natasha Martin, finance director, John McAslan + Partners