
Frenkel Topping Group (LSE:FEN) has announced a strong financial performance for the year ending December 2024, reporting a 14% increase in revenue to £37.4 million and a record high in funds under management, which reached £1.56 billion. A significant milestone was achieved as the company’s discretionary fund management portfolio surpassed the £1 billion mark. Despite challenges in its cost structure, the acquisition of Northwest Law Services has exceeded expectations, positively impacting both revenue and profitability. Moving forward, the company remains focused on strategic acquisitions and continued investments in talent and technology to seize growth opportunities. In addition, Frenkel Topping is working to integrate Consumer Duty principles to improve client outcomes.
About Frenkel Topping Group
Frenkel Topping Group is a leading professional and financial services firm specializing in the Personal Injury (PI) and Clinical Negligence (CN) sectors. The company provides comprehensive financial advice and asset protection services to clients facing financial vulnerability. Its offerings include investment management, expert witness services, tax and forensic accountancy, as well as care and case management. Ascencia, the Group’s discretionary fund manager, oversees portfolios, including Sharia-compliant and ESG-focused investments.
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Year-to-Date Price Change: -18.82%
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Average Daily Trading Volume: 76,911 shares
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Technical Sentiment Indicator: Buy
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Current Market Capitalization: £40.8 million
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