Towry Law grows AUM by £1bn in 2007

In the year to 31 December 2007 the company enjoyed a record period of organic and acquisitive growth, including a 45% increase in earnings (EBITDA) to £9m from £6.2m in 2006. It also reported a 34% increase in recurring income to £28m, up from £20.9m in 2006. The group made five acquisitions last year including Baker Tilly Financial Services and the UK activities of MLP Private Finance Plc. Overall, there was a 37% increase in staff to over 660 including a 21% increase in the number of advisers. The group also announced there has been significant investment in expansion in the growin...