Strong growth in first quarter for Frenkel Topping

SPECIALIST independent adviser on the investment of personal injury damages Frenkel Topping is set to report trading in line with expectations as the company focuses on growing its geographical reach.

Chairman David Southworth will tell the AIM-listed company’s annual meeting in Manchester today its assets under management (AUM) had grown to about £640m during the first quarter, compared to £619m at the year end. The company has fee earning staff from 14 to 16.

“We expect recent hires to generate increases in AUM and recurring investment revenues as they develop their operations in 2016 and onwards, “ he will say.

“We now have an established presence in Manchester, London, Birmingham, Leeds, Cardiff and Bristol. The regional expansion across England and Wales continues to develop as planned and is expected to deliver accelerated growth.”

Southworth will also hail the company’s recent Deputy Day in London, for Court of Protection specailists and experts, looking at the need to ensure freedom of choice, trust and effective decision making for clients.

“Our underlying fundamentals remain strong with a 99% client retention rate for our investment management services, providing high levels of revenue visibility, helping to underpin continued profitability and cash generation,” Southworth will say.