Connecting to LinkedIn...

W1siziisijiwmtyvmduvmtavmtuvmzmvmdkvoduzl0fkyw0gqnvjay5qcgcixsxbinailcj0ahvtyiisijewmdb4ndawxhuwmdnlil1d

Phaidon’s 2015 NFI up 18% YoY

Phaidon International has released its financial results for the year ended 31st October 2015.

 

Net fee income was up 18% year-on-year from 21.7m in 2014 to £25.7m in 2015.

 

Reported operating profit rose from £3.4m in 2014 to £3.9m in 2015, a 15% increase year-on-year.

 

The company reported that underlying EBITDA was £4.4m in 2015, up 22% from £3.6m in 2014.

 

The company has also opened two new offices in San Francisco and Boston, while expanding its US headquarters in New York. It also secured investment from Muzinich & Co alongside HSBC plc.

 

Phaidon International’s founder, Adam Buck, commented, “In a year which saw heavy investment in our expanding US operation and headcount globally it is pleasing to see the group’s improved year on year performance. I look forward to Phaidon accelerating this growth further over the coming years following our institutional backing.” 

 

Stuart Batchelor, Phaidon International’s recently appointed chief strategy officer, said, “The team have created a tremendous platform for future value creation. Our strategic imperative going forward is to accelerate our expansion in those markets that offer us sustainable growth opportunity and high quality returns.”

 

Articles similar to Phaidon International

Articles similar to results