It has released two investments to provide a cash injection to the profit and loss account to fund a trading deficit.
Subscriptions continued to be adversely affected by industry consolidation. However, a new member recruitment campaign, based on a revised package, met with some success with 43 smaller companies recruited as members during the year.
Staffing has been at its lowest level for several years, with the equivalent of 6.8 full time posts, although member services continued to develop thanks to the flexibility and professionalism of staff.
