Listed private wealth and corporate services firm Praxis has recorded revenue of £47.3 million for the year ending 31 December 2022.

The firm - listed on The International Stock Exchange (TISE) - reported organic growth of 4.2 percent and earnings before interest, tax, depreciation and amortisation (EBITDA) of £5.2 million.

Its net debt was reduced to £0.7 million, whilst its gross profit margin increased to 59.1 percent. 

The past year saw the return of...