Momentum cuts its losses in 2012 as turnover doubles
Momentum Solutions has reported a loss of £129,470 for 2012, down from a £289,993 loss posted last year.
The network saw turnover increase from £172,673 in 2011 to £393,548 last year.
Howard Pepper, managing director at Momentum, which has been trading for two years, said he was very pleased with the results: “This is a start-up business so it’s always going to be loss-making in the first few years.
“Ideally you start to hit profitability in the third year.”
Mr Pepper stated that the company was “on plan” to achieve profitability this year, and added: “In the last financial year the business saw
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