StockMarketWire.com - Frenkel Topping's revenues rose to £5.5m in the year to the end of December - up from £4.8m last time.

Frenkel Topping - a leading provider of specialist independent financial advice on the investment of personal injury damages and clinical negligence awards - said gross profit margins increased to 64% from 60%

Profit from operations before share based compensation margin increased to 26% from 23% and profit from operations before share based compensation increased by 30% to £1,437,000.

Pre-tax profits rose to £1.4m - up from £1.03m last time.

Funds in the investment management service increased to £558m.

Chairman David Southworth said: "The group has successfully increased its profit before tax by 35%, as well as significantly growing its cash balances. The board is pleased to report that it has increased the funds in the Investment Management Service to over £0.5 billion, and our confidence for the future is reflected in our continuing progressive dividend policy. "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."










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