Whilst Jersey-based wealth manager Team made a loss before tax of £443,000, this represents a 72.1 percent decrease from last year's £1.6 million loss.

The adjusted EBITDA was a loss of £0.7 million, an improvement of 3.8 percent compared to the £0.8 million loss in 2022. 

The firm attributed these numbers to the inclusion of the losses in its acquisition of wealth manager Globaleye, a client settlement at its subsidiary JCAP and the contributions from...