Pre-tax profit rose £100,000 to £1.5m for the same period because of a property sale.
Chief executive Terry Smith said he expected an improvement in performance this year.
It’s been an uncertain market for some time
Terry Smith, chief executive
He said: "I would expect turnover up in the order of 50% on last year and operating profit up threefold." Profit in 2002 was £531,719.
Smith added: "It has been an uncertain market for some time. Last year, some clients were reviewing strategies or redesigning schemes to make them more cost effective. There were planning problems with other schemes.