Frenkel Topping turnover and profits up

PERSONAL injury adviser Frenkel Topping Group has reported a 9.9% increase in profits to £3.9m with revenue also up 3.3% to £5.69m.

Operating profit – before share based payments – was up 21.7% to £1.75m with the Manchester-based company boasting a sixth consecutive year of 99% client retention for investment management services. Total dividends were up 22.4% to 0.71p per share.

The company benefited from a renewed focus on expert witness work, establishing good relationships, pre-settlement, it said.

Revenue generating consultants increased from nine to 14 and there was expansion in England and Wales, which would accelerate growth from 2016 onwards, the company reported.

Chairman David Southworth said:  “The Company is in a very strong position as a leader in our market, but also financially, to continue to grow the business and to increase funds under management substantially.

“We are investing in increasing our network of Fee Earning Consultants across England and Wales which we expect will have a positive impact on growth rates from 2016 onwards, in terms of both profits and funds under management.

“The new financial year has started well and we are confident that we can deliver accelerated growth in the years to come.”