Jersey-based wealth manager Team has marginally reduced its pre-tax loss in the first half of 2023.

In the six months to 31 March 2023, pre-tax losses stood at £374,000 compared with £382,000 a year earlier.

Revenues increased 91 percent from £999,000 to £1.9 million as a result of the acquisitions the firm made.

These acquisitions include that of Omega and Concentric, which have now been completed and have been integrated into Team.

Total assets under...