Personal injury and clinical negligence specialist financial adviser Frenkel Topping has reported a rise in revenue for 2025, ahead of its sale to Harwood Private Equity’s Irwell Financial Services Bidco (Irwell Bidco).
Frenkel Topping's revenue was £41.67m for the 12 months ended 31 December 2025, 11% up on 2024's £37.4m. Profit before tax was £5.25m, a 24% rise on the previous year's £4.15m. Profit for the year edged up slightly, at £3.04m versus £3.03m in 2024, with total comprehensive income of £3.17m higher than 2024's £3.06m. Frenkel Topping also reported a 13% increase in adjusted EBITDA, from £8m to £9m. Funds under management (FUM) were £1.8bn at year-end, up from £1.6bn the same day the prior year. Record FUM growth for the group, which includes discretionary fund manager Ascenia Inve...
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