Frenkel Topping looks at further growth as profits top £1m

FRENKEL Topping today said it saw a 21% rise in pre-tax profits last year and is focused on driving further organic growth.

The Salford-based firm, which provides specialist investment advice to people who have been awarded major personal injury or clinical negligence awards to pay for care, saw pre-tax profits top £1m in the year to December 31 on revenue which increased by 5% to £4.78m.

Frenkel Topping has increased its dividend to 0.3p a share from 0.176p last year.

Chairman David Southworth, commented: “The group has continued to successfully grow profit, funds in the investment management service and recurring income, and the board is pleased with the further progress that has been made during the period.

“The group’s strategy for further growth remains to focus on driving organic growth and client retention.  The board is confident about the future for Frenkel Topping, and this confidence is reflected in the increased dividend for the period.”