Gresham House sees profits jump as AUM continues to grow

AUM up 20%

Gresham House’s adjusted operating profit grew 34% to £27.1m last year, as asset under management for the firm grew from £6.5bn to £7.8n.

In the firm's full-year results, it revealed a strong year as organic growth reached £1.1bn, leading to the spike in profits and net core income rising 25%. The cash position of the group also improved, increasing to £32m, with an undrawn committed Revolving Credit Facility (RCF) of £20m available. The board added that it would be recommending a 60% increase to the dividend to 16p, meaning that the firm's dividend will have increased 256% over the last three years. Gresham House Ventures expands team with investment head hire Tony Dalwood, chief of Gresham House, noted that ...