Specialist publisher Future almost tripled its pre-tax profits last year and is now planning further growth with its proposed acquisition of magazine publisher TI Media.

Future, which owns some 130 brands, reported a pre-tax profit of £12.7m for the year ending 30 September 2019, up from £4.4m the previous year.

The company announced today that its revenues grew by 70 per cent from £130.1m to £221.5m.