Thomas Eggar, Cripps ride South East boom

South East firms Cripps Harries Hall and Thomas Eggar have profited from the booming economy in the region with record turnover and profit per equity partner (PEP) figures.

Cripps’ fee income rose by 17 per cent to £16.35m, compared with £14m last year. This includes the adjustment made for the sale of wealth management arm Cripps Portfolio in December, which accounted for 25 per cent of its turnover.

PEP rocketed by more than 50 per cent to £187,000, up from £119,000 in 2004-05, and net profit increased by 44 per cent to £4.55m from £3.15m.

Meanwhile, Thomas Eggar is expecting turnover to reach £32.6m, up from last year’s £27.8m – an increase of 17.3 per cent. Meanwhile, PEP looks set to increase by more than £40,000 to £270,00. Last year’s PEP was £228,000.