More NewsVantis records 30% surge in revenues

Vantis records 30% surge in revenues

Listed firm books huge increase in turnover and earmarks further acquisitions

Vantis turnover increased by 29% on the previous year in half-year results
announced
today
.

The listed firm revealed turnover of £42.7m, up from £33.2m the previous
year, and a 20% growth in profits to £6.6m for the first six months of the year.

Chairman Paul Gourmand also said the firm had identified ‘a number of
opportunities’ for acquisitions in 2007.

Vantis shares climbed by around 5p mid-morning to
240p.

Commenting on recent press articles about enquiries into charity tax
arrangements, the firm said: ‘Recent inaccurate press articles have commented on
Vantis Tax and on four particular investment plans and their eligibility for tax
relief. The four companies are listed on the Channel Islands Stock Exchange.
Four senior executives within Vantis Tax are co-operating with HMR&C with
their enquiries, although to date they have not been interviewed and any
wrongdoing is strenuously denied.’

Further reading

Charity tax schemes ‘cost UK
£100m’

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