Turnover for the year to April 30, 2012 was £10.5 million against £10.3 million the previous year
Commercial property agent Ryden has posted results showing another year of flat revenues and profits.
Turnover for the year to April 30, 2012 was £10.5 million against £10.3 million the previous year and pre-tax profit rose from £2.18 million to £2.2 million.
Operating profit for the year was down two per cent to £3.76 million.
Profits before members' remuneration and profit share was also down slightly on the previous year, from £3.84 million to £3.78 million.
Last year Ryden had reported a 428 per cent rise in total gains on the previous year, from £402,897 to £2.12 million, which was attributed to an accounting change where member equity was reclassified as a debt.
Members' remuneration for the year to April charged as an expense to the business dropped from £1.66 million last year to £1.57 million.
In accounts filed with Companies House, Ryden states the number of members in its limited liability partnership (LLP) averaged 29 in the financial year against 31 the previous year.
Profits totalling £2.09 million are to be shared among the members of the LLP this year, down from £2.12 million shared the previous year.
The average profit per member for the year rose to £130,447 against £125,260 a year earlier.
Ryden reports wage, salary, pension, social security and bonus payments for the year totalled £3.88 million against £3.67 the previous year.
Payment to the member with the largest entitlement, believed to be managing partner Fiona Morton, rose again in the financial year to £241,783 having risen 54 per cent last year to £231,260.
Ryden operates from six offices across Scotland and northern England.