Tavistock reports 19% revenue surge on back of Titan Wealth payments

The Berkshire-based firm posts increase in revenue and profit

Sahar Nazir
clock • 1 min read

Tavistock has reported a 19% growth in its revenue, which stood at £20.6m for the six months ended 30 September 2023.

This is compared to the same period in 2022 when revenue stood at £17.3m. Gross profit increased by 34% to £7.7m, up from £5.8m in H1 2022. Meanwhile, adjusted earnings before interest taxes, depreciation and amortisation has witnessed a twelvefold increase, reaching £1.7m, compared to £140,000 in the first half of the previous financial year. Reported profit from operations has surged by 294%, reaching £900,000, a significant turnaround from the loss of £500,000 reported in H1 2022. Chief executive Brian Raven highlighted the integration and rebranding of Precise Protect, now...

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 Your profession

Asset management M&A activity fails to deliver 'meaningful profitability improvements'

Asset management M&A activity fails to deliver 'meaningful profitability improvements'

M&A strategy not necessarily a winner

clock 06 May 2025 • 1 min read
Scottish tech firm takes control of Marlborough's IFA platform to drive 'next-gen wealth infrastructure'

Scottish tech firm takes control of Marlborough's IFA platform to drive 'next-gen wealth infrastructure'

The Marlborough Select Platform caters to advisers and their clients

Sahar Nazir
clock 06 May 2025 • 1 min read
Origo rolls out whole-of-market ULoA to 'streamline' advisers' LoA requests

Origo rolls out whole-of-market ULoA to 'streamline' advisers' LoA requests

Developed following industry feedback

Isabel Baxter
clock 06 May 2025 • 2 min read