Revenue was up at the UK and Channel Islands business of Stonehage Fleming in its most recent financial year, though the firm posted a loss related to an employee share settlement.

The accounts of Stonehage Fleming (UK) for the year to 31 March 2020 show revenue up 6 percent to £34.7 million, compared with £32.6 million in the year ending 2019.

Administrative expenses were up 6.3 percent to £33.7 million, including the £28.5 million charged to the UK business by Stonehage Fleming Financial Services, which handles the group’s central services and staff costs.

The average number of employees in the UK busi...