Companies: TOT   

ISP and e-commerce group Totalise produced disappointing results for the 6 months to 31 October as while turnover of £1.3m dwarfed the figure of £870,217 for the previous 12 months, pre-tax losses widened to £3.3m (£1.9m) against the same period. Chairman David Bruce claimed these losses were to be expected as the group has 'invested heavily' on infrastructure, although £1.2m of the £2m raised on admission came from a loan facility guaranteed by founder and chief executive Peter Gregory. On the positive side, the group - which lists car imports, telecommunications, flower delivery and financial services amongst its offerings - has seen its number of registered users almost double to 155,000 in 12 months.