- Frenkel Topping's pre-tax profits rose by 13% to £652,745 in the six months to the end of June.

The company - a leading provider of specialist independent financial advice on the investment of personal injury damages and clinical negligence awards - said gross profit margin increased from 61% to 68%.

Operating profits rose by 20% to £740,215 and the company declared a maiden interim dividend of 0.17p per share.

Chairman David Southworth said: "The Group is delighted to report another excellent set of results in which the Company has significantly increased profit before tax and substantially improved profit from operations by 20%. Assets under Management continue to grow and are currently nearly £600 million. The Group has again maintained its 99% client retention rate. "Frenkel Topping's strategy is to maintain this organic growth and to build on its strength in supporting litigation professionals. The Group remains in a robust financial position and continues to deliver profitable growth. Consequently, the Company intends to increase future dividends in-line with increases in profits in the coming years, thereby maximising shareholder value."

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