Haddington, East Lothian-based McInroy & Wood, a former PAM Awards winner, has enjoyed another successful year with revenues, profits, margins and client assets under management all increasing, despite the onset of Covid-19.
Revenues and pre-tax profits for the year to 30 April 2020 came in at £16.3 million and £9.9 million respectively, an 8.0 percent and 9.1 percent increase on the £15.1 million and £8.3 million posted for the previous year.
With administrative costs increasing by just 4.2 percent from £6.9 million to £7.2 million, this meant that the pre-tax operating margin increased from the 54.7 percent posted for the year to 30 April 2019 to 55.8 percent.
Tim Wood, McInroy & Wood's chief executive
This would almost certainly maintain the firm’s position as one of the UK’s most prof...