Ascot Lloyd records £80.6m revenue in 2022 aided by six acquisitions

The national IFA is seeking to expand its UK footprint

Sahar Nazir
clock • 1 min read

Ascot Lloyd has recorded a total group revenue of £80.6m for the year ending 31 December 2022, putting its success down to strong client growth

The national IFA completed six acquisitions in 2022 (over 35 since 2017) which took the number of core clients to nearly 24,000. It has completed three acquisitions this year, most recently Welsh financial advice firm Portfolio Financial Consultancy. Ascot Lloyd's group adjusted earnings before interest, taxes, depreciation and amortisation stood at £20.8m, down from £23.1m in 2021. It managed approximately £9.6bn in total funds as at the end of last year, slightly lower than the £9.8bn reported in 2021. The firm's ownership transition to Nordic Capital officially concluded in S...

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