Private equity-backed platform Novia Financial has recorded revenue of £36m, up by 25.7% from the year prior, its 2022 financial results show.
Its earnings before interest, tax, depreciation, and amortisation were also up 21.1% from 2021 to £9.1m and recorded £1bn in gross inflows. The platform also increased customer numbers by 11% to 67,682 and saw £1bn of new money flow onto the platform. Its assets under administration reduced by 2.4% to £8,732m which Novia attributed to market movements in a challenging year for investors, following global market volatility. Novia added its results show it delivered "robust growth" in 2022, despite ongoing market turbulence. Chief executive Patrick Mill said: "This year we continu...
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