Profits and revenue soar at Smith & Williamson

ACCOUNTANCY, investment management and tax group Smith & Williamson is reporting an 8% increase in group operating income to £215.1m (2014: £199.1m) with adjusted operating profit also rising 14% to £41.1m (2014: £36m).

The company which has an office in Manchester also enjoyed a 8.7% increase in funds under management and advice to £16.3bn (2014: £15bn).

All this has contributed to a 14.8% increase in adjusted earnings per share, to 61.1p (2014: 53.2p).

Head of the Manchester office Andrew McKenna said: “We are delighted to report another solid year of growth at Smith & Williamson as the unique combination of investment management, tax and accounting services that we offer our clients help us to deliver progressively stronger performance across the business.

“Against the backdrop of an improving UK economy, we have continued to evolve our offering to meet the changing needs of our clients, while also maintaining careful control of costs and we look to the future with confidence.”