TenetLime turnover increases 42pc
Overall Tenet Group saw its profits increase by 16% to hit £350,000, with gross revenue rising to £125.2m. In the previous year its profits stood at £300,000 with £118m of revenue.
The group currently has £21.7m of cash in the bank and £28.9m in net assets with no external debt.
Martin Greenwood, Tenet Group chief executive, said: “Our latest results reflect a positive transition in a financial year that saw the introduction of the Mortgage Market Review and the embedding of the Retail Distribution Review regime.
“At a time when many networks are becoming restricted, Tenet continues to support independence, as well as firms who chose to operate a restricted or hybrid model.
“Our ongoing financial stability leaves us very well positioned to support our members to take full advantage of the opportunities in the year ahead, including ensuring that end customers get the best outcome in relation to the planned changes to the liberalisation of pensions.”