Sense and Lyncombe networks see revenue and profits jump

Profits at Sense network increased to £1.62m with revenue also rising

Jenna Brown
clock • 1 min read

Revenue at networks Sense and Lyncombe was up 66% to £71m while operating profits after tax increased by 224% to £2.4m, according to 2021 results.

Results from parent company Adviser Services Holdings said the business provides support for 400 advisers with more than £7bn of assets under influence. It bought Sense in 2020 for just over £9m. The results showed Sense revenue increased from £37.9m to £47.6m and profits increased from £894,000 to £1.62m. Lyncombe network revenue increased from £4.4m to £22.9m and profits increased from £180,000 to £811,000. Adviser Services Holdings' discretionary fund management (DFM) business, Rockhold Asset Management, now has more than £500m in assets under management. The company also said i...

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 Companies

First Wealth on hunt to acquire like-minded financial planning firms

First Wealth on hunt to acquire like-minded financial planning firms

Follows significant financial backing from Marlborough

Jenna Brown
clock 24 June 2025 • 5 min read
Openwork in growth push with partner firm Milecross acquisition

Openwork in growth push with partner firm Milecross acquisition

Makes first investment into one of its partner firms

Jenna Brown
clock 19 June 2025 • 2 min read
PE backer sells Shackleton to Lee Equity Partners

PE backer sells Shackleton to Lee Equity Partners

Succeeds current investor Sovereign Capital Partners

Isabel Baxter
clock 17 June 2025 • 2 min read