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Partners Mattioli Woods reports revenue rise

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Leicester Tigers partner Mattioli Woods this week reported a rise in its annual revenue and profits in the year to May 31, 2017.

The specialist wealth management and employee benefits company, who sponsor the Mattioli Woods Stand at Welford Road, reported a revenue increase of nearly 18 per cent, totalling nearly £50 million.

Profits before interest, tax and other items came in at nearly £11 million. Mattioli Woods has signed up more than 1,200 new clients and had 115 consultants at the year end.

The company has also made a number of acquisitions, most recently acquiring 49 per cent of Amati Global Investors to extend its asset management business.

Commenting on the results, Ian Mattioli MBE, chief executive officer, said: "I am pleased to report another successful year, with revenue up 17.4% to £50.5m.  

"Acquisitions remain a core part of our growth strategy. In September 2016, we were pleased to acquire MC Trustees, bringing additional scale and expertise to our pension administration business, and the Group's strategic investment in Amati in February 2017 brings a new dimension to our asset management business. 

"Our focus remains on ensuring the Group addresses our clients' changing needs and we continue to broaden our proposition through advice and innovative product development such as the Mattioli Woods Structured Products Fund, organically and by acquisition. I look forward to us building upon our success over the last 25 years to deliver further value for our shareholders."

Mattioli Woods will also be relocating from its Grove Park base to new offices in New Walk in Leicester city centre.