We are delighted to announce a record month in June with turnover up by over 300% compared to the first half of 2017. Turnover to date this year has already eclipsed the figure for the whole of 2017, with profitability also at a record high. Commissions paid to introducing brokers follow the same pattern and continue at market leading percentages.
Development finance facilities again contributed to the majority of fee income. In June alone, over £75m worth of development loans were completed. We have now funded well in excess of 1,000 units this year with schemes ranging from just two houses in Reading, to 400 plus apartments in Manchester. The current pipeline includes many more schemes including a number of significant projects at varying stages of planning, or with developers gearing up to start works, throughout the country.