Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Gresham House revenue climbs 207%

Gresham House revenue climbs 207%

Gresham House has seen its revenue increase by over 200% during 2016 edging the firm closer to operating at a profit.

According to the company's results for the 12 months ending 31 December 2016, the specialist asset manager's revenue rose from £1.4 million in 2015 to £4.3 million in 2016.

Adjusted operating loss in 2016 was down to £1.6 million from £3.1 million the year before.

This reduction in operating loss is largely due to the 50% increase in its assets under management (AUM) from £242 million in 2015 to £363 million.

‘In 2015 we established the foundations of a specialist asset manager and 2016 has seen us build Gresham House into a credible specialist player whilst developing the brand,’ said Tony Dalwood, chief executive officer.

‘This has been enhanced by progress in early 2017, which has generated additional momentum that will drive further growth in the coming year.’

Dalwood (pictured) added the firm’s current priority is to increase profits through growth in AUM.

‘The positive recent developments accelerate our path to profitability in the nearer term and hence long-term value creation for shareholders.’

He highlighted the business is working on a number of initiatives including acquisitions, and pointed to the recently announced launch of the Gresham House British Strategic Investment fund as an example of the firm's organic growth.

Over 2016, Gresham House also took over the management of LMS Capital and announced the launch of its Strategic Public Equity and Gresham House Forestry funds.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

Wealth Manager on Twitter