Reports

Profits And Revenue Rise At UK's Vestra

Mark Shapland, Reporter, London, 22 October 2014

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UK headquartered Vestra Wealth recorded an increase in revenue and pre-tax profit for the year ended April.

UK-headquartered Vestra Wealth recorded an increase in revenue and pre-tax profit for the year ended April, according to data filed with Companies House. 

The six-year-old firm posted pre-tax profits up at £8.8 million ($14.1 million) from £6.7 million the year before. Meanwhile revenue increased by 24 per cent to £29.2 million, up from £23.4 million.

Salaries were also up, rising 47 per cent year-on-year. The highest yearly salary was £652,419 more than double the highest salary of £260,266 that was paid last year.

In July last year the partners bought out the minority stake in their business held by Goldman Sachs. Up to that point Goldmans held a stake of around 11 per cent stake in Vestra Wealth. 

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