H&H posts record 23% profits

North of England-based H&H has seen a record 23% growth in profits in the last year, according to its annual results.

The company, which owns auctioneering, chartered surveying, estate agency, financial services and printing businesses, recorded profits for the year of £1.44m to the end of June 2012, up from £1.21m in the previous year.

H&H, which employs more than 280 staff, invested £1.65m in capital expenditure last year.

The group has been in auctioneering for more than 140 years.

“As a group, we have been working hard to develop all our business interests and we now operate across a number of sectors which all have great potential for future growth,” said chief executive Brian Richardson.

“The increase in turnover for Harrison & Hetherington can be attributed to a combination of higher livestock prices as well as a higher throughput.”