thewealthnet

A good year for former PAM Awards winner despite Covid-19 uncertainty

Ian Orton, 23/10/2020

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...


Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com