The CP Holdings Group continues to operate on a worldwide basis and encompasses a large range of activities generating turnover of the order of £400m. Profits before tax of £29m increased the total value of shareholders funds to £269m at the end of 2006 and the Company continues to maintain its healthy balance sheet position. Group policy is to further expand its activities within the Hotels and Serviced - Office Divisions. It also plans to expand its development activities through Waystone where the profit contribution to group increased to £3.7m in 2006.