True Potential has won 'Business of the Year' for the €26m to €150m turnover category at the 2016/17 European Business Awards, which took place in Dubrovnik, Croatia.
This was one of three ‘Business of the Year' awards - broken down into businesses with turnovers below €25m, from €26m to €150m and €150m or higher - and one of 12 categories in all, including awards for innovation and customer focus
More than 33,000 businesses from 34 countries entered the competition with these eventually being whittled down to 110 European finalists.
True Potential was the only UK fintech business to reach the final from the 55 ‘UK National Champions' across the categories and amomng British businesses that included Lighthouse Group and Thomson Reuters.
The Business of the Year categories set out to recognise companies that "demonstrate exceptionally strong financial growth and innovation strategies, and market leadership in their sector".
The awards' judges also look for evidence of "inventiveness, ethical credentials, good stakeholder relationships and long-term planning balanced by the flexibility to deliver consistent results in dynamic market conditions".
Firms were first invited to enter by the awards panel and then judged on the application according to the criteria. The entrants were then interviewed by a panel.
A True Potential spokesman said the judges awarded the title based partly on turnover and growth figures, as well as the business's operational strength and technology offering.
True Potential saw a turnover of £56.7m in 2015, an increase of 106% on 2013. Profit also climbed by 133% from £5.3m to £12.4m in the same period.
One in five (20%) UK advisers use the network's technology. True Potential has its own range of 27 investment funds with £3.3bn invested in them. Across all channels, True Potential has more than £52bn of client assets under its administration.
For a third year, in November 2016, the network was also named the only fintech firm to make Deloitte's UK Technology Fast 50 based on revenue growth.
Managing partner David Harrison (pictured) said: "Looking around the room, it was clear there were some fabulous businesses across Europe doing great work so to win this award is truly special - especially in our 10th anniversary year."
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