The Association of Licensed Multiple Retailers (ALMR) turned around a pre-tax loss of £11,918 in 2009 to record a £6,494 surplus last year. Operating profit was £5,411 in 2010, against an operating loss of £14,253 in 2009, according to the trade body’s accounts filed at Companies House. Turnover, which is derived from membership subscriptions and income from trading activities, was £546,282 in 2010 (2009: £600,043). ALMR chief executive Nick Bish said 2009 was an “annus horribilis” for the group’s membership, which was reduced to 69 companies at the end of the year. The figure was 81 at the end of 2010 and it currently stands at 92. In addition, ALMR incurred significant costs in 2009 through its contribution to the trade mediation process following the critical Business & Enterprise Committee report into pub companies. This involved the services of top mediation expert Michel Kallipetis. ALMR’s administrative expenses reduced from £408,299 in 2009 to £363,742 last year. Bish said: “We have come through the recession, we are still making profits. We have been stress-tested in the downturn and we’ve come out in a strong position.”