Parmenion’s group operating profit has decreased 10.2% since 2024, from £17.6m to £15.8m, despite revenues growing from £48.8m to £53.7m during the 12 months to 31 December 2025, according to its full-year results.
The firm said that while revenue continued to increase, it has been offset by increased costs in the year leading to a dip in profits. Staff costs increased from £18.5m in 2024 to £21m in 2025, reflecting "pay rises, the increase in Employer's National Insurance Contributions from April 2025 and the growth in headcount from 254 to 268", Parmenion set out. Other expenses increase from £15.8m to £17.3m which the firm said reflected" investment in future growth". Assets under administration rose 25%, from £13.2bn to £16.5bn at the close of 2025. The group's EBITDA dipped 4.5% from £20.1m...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
