Tavistock assets boosted by sale of wealth arm; advice revenues up

Tavistock Wealth sold August 2021

clock • 1 min read

Tavistock has seen its net assets surge more than 200% since the end of March, hitting £49.8m as of the end of September.

According to its interim results for the six-month period, the net assets were boosted by the £20m sale of Tavistock Wealth to Titan Wealth Holdings that took place in August.  The firm said this allowed it to repay its outstanding borrowings of £3.5m, buy back and cancel 4.7% of the company's issued share capital and pay an interim dividend of 0.05p - a five-fold increase on its maiden payment made in 2019.  Tavistock's revenue for the period was up 27% at £17m, while its pre-tax profit was £35.5m - up from the £416,000 loss in the first half of 2020.  The advisory business has se...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

What does 2026 hold for investment?

What does 2026 hold for investment?

‘The disruptors of yesterday are now the establishment’

Jen Frost
clock 17 December 2025 • 3 min read
FCA launches trio of crypto consultations as UK interest nears tipping point

FCA launches trio of crypto consultations as UK interest nears tipping point

Consumer protection and innovation

Patrick Brusnahan
clock 16 December 2025 • 2 min read
Cryptoasset legislation in UK to come into force in 2027

Cryptoasset legislation in UK to come into force in 2027

Consumer protection

Cristian Angeloni
clock 15 December 2025 • 1 min read