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Strong growth at TenetLime helps group post profit

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  • 17/01/2014
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Strong growth at TenetLime helps group post profit
Strong growth at TenetLime helped the wider Tenet Group make a profit of £300,000 during the past year.

Its annual results, released at the Tenet annual conference in London, showed a net profit of £300,000 based on earnings of £1m for the 12 months to 30 September 2013.

Martin Greenwood, chief executive of the group, told the conference the mortgage business had grown 35% in the past year.

“We need to continue to invest in all our brands and in the services we provide. We would like to see Tenet Lime continue to grow market share. It is already 35% ahead of the same point last year.”

The financial report highlighted new links with lenders in the past year including Hinckley & Rugby, Kent Reliance, Metro Bank and the West Bromwich Building Society.

During Greenwood’s speech he also raised the possibility of the Tenet Group growing the business by purchasing other firms.

“In all these areas scale is important and we will continue to try and grow these brands organically but we will also consider the possibility of growth through acquisition,” he said.

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