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...

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