Tenet increases net profit by 24%

Mortgage Introducer

March 14, 2017

The Tenet Group has increased its net profit by 24% to £584,000 in the year to 30 September 2016.

TenetLime saw turnover rise by 33% to £40.4m and its directly authorised proposition TenetSelect grew the number of firms serviced by 10%.

Martin Greenwood, Tenet Group chief executive, said: “During a year of political surprises, uncertainty around MiFID II and changes within regulatory capital rules, we have been very pleased to deliver ahead of our financial plan.

“We’ve now posted our fourth consecutive year of profit growth and are continuing to invest in the future, supporting advisers to choose the right advice model and regulatory status for them and their clients.”

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