Ravenscroft reports AUA and revenue increases in 2020

Posted: 07/04/2021

Investment services company Ravenscroft has reported an increase in assets under administration (AUA) and revenue in 2020, a year in which the company also acquired two new businesses.

In its annual report, the company, which now has offices across Guernsey, Jersey, the UK and the Isle of Man, shows that AUA now stands at £7.75bn and revenue at £29.10m. 

It also reported that new client assets in 2020 were £628m and more than £500m has been invested by clients in Ravenscroft investment funds.

Shareholders are expected to receive a dividend of 15p, in addition to the 10p per share received in the first half of 2020 – an increase of 127% on the total dividend paid in 2019. 

The acquisition of the investment management portfolio of legal and financial services company Tees, together with the purchase of WH Ireland‘s business in the Isle of Man, increased staff numbers from 107 to 123. 

• To view the annual report click here


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