Seven Investment Management (7IM) boosted its profitability in its last pre-Covid year, as the firm benefited from higher assets under management (AUM) and revenue.

Profits before members’ remuneration amounted to £21.03 million for the full-year 2019, according to the firm’s accounts which have just been made public. This was an 8.8 percent increase on 2018’s £19.3 million.

Revenue at 7IM – owned by Caledonia Investments, the Cayzer family’s investment vehicle – grew 9.5 percent to £70.6 million, while AUM was up 9.2 percent to £14.56 billion (end 2018: £13.33 billion).