Private equity-backed Wealth at Work Group has hailed its performance during the pandemic-hit 2020.
The Liverpool-headquartered specialist provider of workplace financial education, guidance and regulated advice for individuals has reported a turnover of £26.2m for the 12 months to December 31, 2020, up from £24.1m.
Its pre-tax profits went from £6,000 to £3,000 over the same period.
Wealth at Work, which employs approximately 250 people, works with over 450 private and public sector employers including Marks & Spencer, BT, Experian and the NHS, delivering financial wellbeing programmes and retirement services.
The accounts come after the group secured an investment from Aquiline Capital Partners.
During the height of the pandemic, 40% of the group's workforce were furloughed while, "due to changes in operational activity", a headcount review was performed and a "programme of staff restructuring" was completed.
A statement signed off by the board said: "2020 has been significantly impacted by the Covid-19 pandemic and there remains considerable uncertainty about its future impact on the economy and worldwide markets.
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"Despite the disruption caused by the Covid-19 pandemic, the group has adapted and invested considerably in its operational infrastructure during the year.
"Through the use of technology, the group successfully adapted delivery methods for the majority of its business processes to digital/online by the mid-year point.
"The net growth in assets under management, despite the overall downturn in equity markets during the year, highlights the group's operational resilience and ability to continue successfully servicing its clients throughout the pandemic.
"Despite the tough economic conditions faced during this year, the directors consider the performance to be satisfactory."