Foster Denovo|News & opinion|News|FD Group releases 2013 financial results

FD Group releases 2013 financial results

Foster Denovo Group plc, the parent company of national financial advisory business Foster Denovo Limited and fund management company Sequel Investments Limited, today announces its audited financial results for 2013.

Revenue in the year increased to £24.97m from £21.67m (15.23%).
Following significant investments across the Group and increased provisions in Foster Denovo Limited, some of which the Board anticipates being reversed in future periods, profit before tax was £246k representing EBITDA for the year of £572k.

Revenue increased by 8.4% in Foster Denovo Limited through increased adviser numbers and productivity.

Roger Brosch, CEO, said: “I am pleased to report that underlying trading remains strong. The industry has gone through real transition, and we have invested heavily during this period. We look forward to continuing to progress the business during 2014 and beyond.”

To read the full press release, please click here.

prev
next
Find me an adviser
Start your search
Register

Keep up to date with our latest news

Newsletter sign up

 
 
 
Read our privacy policy, by clicking here.
 
captcha
 
From time to time, we would like to contact you about news, events and other ways we think we can help you. You can unsubscribe from this at any time using the link within your email or by writing to us. Details can be found within our privacy policy. Please be assured that we will not pass your details on to any third parties.
 
 
You can contact me by:
Find me an adviser
accordian map downloadplusminus play-video select-box close downloadmapmapmap mapmapmapselect-boxmap mapvideo arrowarrow arrow