Nottingham wealth management group posts record results

Nottingham-based RU Group, made up of Russell Ulyatt Financial Services, Greenhalgh Financial Services, Hart Shaw Financial Planning and Shevill Parkes Financial Services, has posted record results for the 2017/2018 financial year.

The RU Group’s turnover has increased by almost 20% to £5.3m. Profits before tax have also increased by 20% from the previous year.

Investment in the business has also risen, with The RU Group, which has roots in Nottingham dating back over 130 years, investing a further £650,000 into the company, an 18% increase on the previous financial year. This investment has seen the group re-brand to The RU Group, undergo a significant upgrade of its IT infrastructure to improve its service delivery for clients, appoint new staff, host a range of networking and business events and invest in further marketing and PR support to help raise awareness of the firm.

Andy Dyke, the RU Group’s managing director said: “The investment in the business and the hard work of our staff has been fundamental to us achieving these results and has laid secure foundations for further growth. Whilst investment in the business will continue in the new financial year, last year included significant ‘one off’ investments, such as our new IT system, which will start to further benefit The RU Group and our clients in the future. I am looking forward to continued growth and developing our talented teams in Nottingham, Derby and Sheffield.”