Transact parent IntegraFin Holdings issued a trading statement today saying that the group was “performing well” with adjusted pre-tax profit for the year ended 30 September expected to be “moderately above” the top end of analysts’ estimates.

The platform owner, which will present full year results in December, said total group revenue was expected to be £133.5m (£123.7m last time), a rise of nearly £10m.

The buoyant news from the group contrasts with reports out today from Fundscape and the lang cat suggesting the platform sector had a very poor third quarter with heavy outflows.

Transact has also seen assets under management down, it reported recently.

In October Transact reported net inflows during the quarter to the end of September of £720m, down from £1.3bn on the same period in 2021.

Howeve, in its trading statement today Integrafin said overall the group was performing well and group revenue was up year on year. It also added that net interest income was expected to be £0.6m as a result of interest rate 'tailwinds' and tax recoveries relating to life insurance were expected to result in other income £0.2m higher than in the prior year.

Tax recoveries relating to research and development were expected to result in a credit to other costs of £0.3m and occupancy costs were expected to be £0.3m lower than the guidance provided in July, due to a one-off release of a dilapidation provision.

Staff costs were expected to be £0.7m lower than the guidance provided in July 2022 due to the agreed release of specific costs for the year ending 30 September 2022.