Tavistock seeks expansion through 'further acquisitions'

The firm doubled the number of advisers in the year to 31 March 2023

Sahar Nazir
clock • 1 min read

Tavistock said it is “focused on building a large and profitable financial advisory business through acquisitions and continued organic growth” as it published its financial results for the year ended 31 March 2023.

The Berkshire-based firm has today (20 September) reported gross revenues of £34m for the period, mirroring its previous year's performance. Tavistock's advisory business accounted for 96% of the firm's total gross revenues, where the level of recurring income exceeded 80%. The advisory business' gross revenue rose by 4.5% to £32.7m, compared to £31.3 million in the prior fiscal year, while gross profit contribution saw a 6% increase, reaching £10.6 million, up from £10.0 million in the previous year. Furthermore, Tavistock's acquisition of protection business Precise Protect - which ...

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