TrigoldCrystal says it is to reinvest ‘surplus’ profits into product development.

The firm issued a statement following the announcement that the planned acquisition by Mortgage Brain had been shelved.

It has not yet published its annual results but claims that the first three months of 2011 have collectively been one of its best quarters ever.

The statement said: “Recurring revenues are running at 90% and net debt is expected to be satisfied completely in Q2 (down from a peak of £6 million in 2004).””