MRH (GB) has indicated it is still on the lookout for acquisitions as it reported pre-tax profits up 26.7% up in its latest accounts which have just been published.

The company, which is number one in the Top 50 Indies with more than 450 sites, made pre-tax profits of £41.3m for the year to September 27 2015, compared with £32.6m for the same period the previous year.

In their strategic report the directors said: “The directors consider that with its healthy cash position, strong balance sheet and a robust set of financial results, the group is well placed to make further strategic acquisitions.

“In particular, the directors are of the opinion that the businesses operated by the group will continue to generate significant levels of cash to be reinvested in the business.

“Accordingly, the directors intend that the group will retain its existing nature and focus by maintaining its strategy of profitable acquisition where opportunities present themselves as well as pursuing organic growth by improving the earning potential of existing operations.”

The accounts cover the period before MRH was acquired in January by US private equity firm Lone Star.