Tavistock pre-tax profits hit £1.1m; Acquires IFA Chater Allan

Year ended 31 March 2021

Jenna Brown
clock • 2 min read

Tavistock Investments has reported pre-tax profits of £1.1m for the year ended 31 March 2021 and announced its acquisition of IFA business Chater Allen Financial Services.

The announcement comes a day after it confirmed its £40m deal with Titan Wealth to sell its multi-asset business. The deal also involved a ten-year strategic partnership with Titan with Tavistock acting as its retail distribution partner. Tavistock chief: Sale of multi-asset business means 'acquisitions at accelerated rate' Tavistock's unaudited group accounts said it had EBITDA of approximately £2.77m. This was an increase of 50% over the previous year's £1.85million. It said the uplift was due to increased gross margins of 3% and reducing overheads by 5.7%. Pre-tax profit for the ...

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