º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Professional Services

Revenue jumps as profits hit £55m at investment platform giant AJ Bell

The company has also appointed a new chief financial officer

AJ Bell's office at 4 Exchange Quay, Salford Quays

Revenue jumped to almost £150m at investment platform giant AJ Bell during its latest financial year while its profits passed the £55m mark.

The Salford-headquartered listed company has reported a revenue of £145.8m for the 12 months to the end of September 2021, up £15% from the £126.7m it posted for the same period in 2020.

The business has also confirmed its pre-tax profits rose 13% from £48.6m to £55.1m.

READ MORE: Selfridges owners 'close in' on £4bn sale to Thailand group

AJ Bell has also confirmed the appointment of Peter Birch as its new chief financial officer who will officially join on July 1, 2022.

He has been hired from Deloitte where he is currently a financial services audit and assurance partner.

Chief executive Andy Bell said: "Our award-winning platform propositions attracted record levels of new customer numbers and inflows in the year, underpinning another strong set of financial results.

"Revenue was up 15%, profit before tax up 13% and earnings per share up 13%. Our profitable business model and strong financial position has enabled us to invest significantly in our customer propositions during the year, whilst also increasing dividends to shareholders.