Kingswood reports 10% group profit growth and 41% increase in UK & Ireland revenue

Mark Battersby
clock • 2 min read

Kingswood saw 10% profit growth across the group and a 41% increase in UK & Ireland revenue in its H1 2023 results. Group operating profit was £5.0m, £0.5m or 10% higher than H1 2022. UK and  Ireland revenue increased by 41% compared to the same period last year, of which 86% was recurring in nature, with operating profit of £7.7m "and in line with expectations".   Group Assets under Management and Advice (AuM/A) at June 2023 were £12.0bn, having increased by £1.5bn compared to December 2022, supported by UK&I acquisitions of Barry Fleming & Partners (BFP) and Moloney Investments L...

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