Frenkel Topping has seen its revenue almost double over the past 12 months after weathering the pandemic and making a number of acquisitions.
The group saw its revenue rise to £8.5m in the first half of the year, from £4.4m in the first six months of 2020.
Gross profits increased 80 per cent to £4.5m.
The advice firm has entered into five partnerships in the personal injury and clinical negligence space since completing a £13m capital raise in July last year.
In February, the firm secured two acquisitions worth a combined £9m as the advice firm doubled down on its growth efforts in these markets.
Richard Fraser, chief executive, Frenkel Topping, said the acquisitions had allowed the firm to scale its assets under management mandates from successful claims.
He said: "Since our £13m capital raise in July 2020, we have successfully executed our stated buy and build strategy which is positively impacting the group's growth and opportunity by consolidating the fragmented personal injury and clinical negligence market and allowing Frenkel Topping to become a full-service provider with multiple touch points across the space.”
The group had assets under management of £1.1bn by the end of June, a 15 per cent rise on the figure at the same point in 2020.
Assets on a discretionary fund manager mandate rose 40 per cent in the period, to £606m.
Fraser said the second half of the year had begun positively and trading remained strong and in-line with management’s expectations for the year.
He said: “The board is confident of our future and that we have the right culture, resources and expertise to continue to grow our business organically, execute our roll-up strategy and become the market leader.”
sally.hickey@ft.com
