Strong profit growth for investment manager

FRENKEL Topping saw pre-tax profits leap by 35% last year to £1.4m.

The Manchester firm provides specialist investment advice to people who have received major personal injury or clinical negligence awards.

In the year to December revenues also increased, up 15% to £5.5m.

During the year the value of funds in its investment management service grew from £483m to £558m.

Chairman David Southworth said: “The group’s strategy is to invest further in strengthening its brand to maintain its position as market leader, as well to continue developing our excellent network of professional advisers with whom we work so closely.

“The group is in a robust financial position and has recorded a fifth consecutive year of client retention at 99%. The board remains confident of continuing to deliver profitable growth and increasing shareholder value for the foreseeable future.”