Oliver Cooke has moved from his position as government chairman of Monetary Planning group Tavistock to turn out to be non-executive chairman.
In a brief assertion, the corporate stated the change took impact from 1 June.
Final October Tavistock reported higher buying and selling after beforehand making a lack of almost £1m.
In its interim outcomes for the six months ended 30 September 2023 the agency stated income was up 19% in comparison with similar interval the earlier yr to £20.6 million (H1 2022: £17.3 million).
Adjusted EBITDA, a measure of revenue, was up twelvefold to £1.7 million (H1 2022: £0.14 million).
The corporate revealed in its interim outcomes on the time that it had accomplished its overview of all British Metal Outlined Profit Pension Switch instances with “minimal uninsured price being incurred.”
It didn’t disclose the price of rectifying any BSPS instances.
In April final yr the corporate acquired Exact Defend, a UK-wide safety enterprise based mostly in Bangor, Northern Eire, which it anticipated to be a significant contributor to the long run profitability of the group and has been built-in into the enterprise.
Following the transaction, Tavistock now has a community of over 400 advisers and different enterprise introducers working with greater than 110,000 UK retail purchasers with complete belongings estimated to be over £6 billion, in addition to 350 company and affinity purchasers with some 16,000 staff.
In September Tavistock reported a lack of £0.94m within the yr to March. The earlier yr the group gained a windfall revenue of £30.67m after the sale of its funding arm Tavistock Wealth to Titan Wealth in August 2021 for an preliminary sum of £20m.
