Investment manager and Financial Planner Redmayne Bentley has reported profits up 59% in the past year to just over £7m.

The Leeds-headquartered company, which has over 25 offices across the UK, reported a strong financial performance in the year, it said in an update published today.

The company reported significantly increased revenue and profits during the year to 31 March.

The firm said year-on-year profits were up 59% to £7.06m, with revenue rising 11.7% to £36.2m.  

In July, Redmayne Bentley integrated the private client business of failed firm Blankstone Sington Limited (BSL) which had entered Special Administration in October 2023. The transfer took effect in June, with 1,700 clients moving to the firm and a new office opening in Liverpool city centre.

Redmayne Bentley said the integration of BSL reflects the firm’s continued strategy to grow the business, building on, “personal and truly bespoke investment and wealth solutions.” 

Stuart Davis, Redmayne Bentley chief executive, said:  “As we enter our 150th year of business, our mission remains to provide excellent personal investment services that enhance clients’ wealth. In support of this, our strategic focus includes sustainable growth and continuous improvement to operational efficiency. 

“We’ve enjoyed another year of financial and business success, including outstanding client and industry recognition for our business performance and client service. 

“People have and always will be central to our business and client service. This is reflected in the culture of the team of colleagues across the business which engenders hard work and commitment, but also the relationships which are formed and developed with clients, particularly those of our truly bespoke investment and wealth services.’’  

Redmayne Bentley was established in 1875 and employs more than 150 investment professionals and has over 25 offices throughout the UK. Services for private clients, trusts and charities include stockbroking, an online Managed Portfolio Service (MPS) and bespoke investment management and Financial Planning.