PraxisIFM Group has reported revenue of £42.5 million, representing a strong increase of 21 percent in its 2018 annual results.

The firm also reported an increase in adjusted EBITDA , from £9.0 million in 2017 to £9.9 million this year. 

Additionally, the group’s three main divisions all reported strong organic growth, with both trust and corporate services and fund services growing revenue by 12 percent. The group’s pension services division grew by 173 percent during the year, which was mainly driven by the acquisition of a 50 percent stake in Netherlands-based corporate pension administ...