The Group increased its revenue during the second quarter of the year by 11%, from £4.5m in Q2 last year to £5m this year. In its annual general meeting being held this morning, the chief executive Rodney FitzGerald will tell shareholders “this is reflective of the improved, if inconsistent, trading conditions seen towards the end of the period.”
In an earlier announcement, he described the firm’s stockbroking commission as remaining “subdued” while the non-broking business was the main contributor to its rising revenue.
Walker Crips Asset Management grew its funds under management from £787m at the end of Q1 this year to £846m, an increase of 7.5% in three months. Its non-broking income now represents 56.9% of the total income.
The Walker Crips Group also includes Walker Crips Stockbrokers; Walker Crips Wealth Management; Keith, Bayley, Rogers & Co (corporate finance and broking) and Ebor Trustees (pensions administrator).