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
Sense and Lyncombe networks see revenue and profits rise
Image:

Sense and Lyncombe networks see revenue and profits rise

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. ...

To continue reading this article...

Join Professional Adviser

 

  • 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

AJ Bell founder Andy Bell to exit board after FCA governance 'discussions'

AJ Bell founder to exit board after FCA governance 'discussions'

Need for clear distinction between exec and non-exec roles

Jenna Brown
clock 27 September 2022 • 2 min read
Sanlam Wealth rebrands to Atomos after £140m PE acquisition

Sanlam Wealth rebrands to Atomos after £140m PE acquisition

The hybrid wealth manager’s name means ‘indivisible’ in ancient Greek

Jenna Brown
clock 21 September 2022 • 1 min read
Kingswood CEO David Lawrence

Kingswood hits £7bn in assets under advice for first half of 2022

Six acquisitions made this year, eight further to complete before year-end

Julia Bahr
clock 15 September 2022 • 2 min read