Profits soar by 27% at Manchester investment firm

Andy Bell
Profits before tax soared by almost a third to £17.7m at Manchester investment firm AJ Bell in its first six months since floating on the Stock Market. Revenues were up 17% to £50.1m and profit before tax was up 27% to £17.7m. The balance sheet strengthened, with net assets up 15% in the period to £73.8m. The number of customers increased by 16,941 in the period, up 9% to 214,853 and assets under administration (AUA) up 3% during the period to £47.7b. Andy Bell, chief executive at AJ Bell, said: “Our first set of fi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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