Isio sees revenue increase by 10% to £76.6m

Isio has delivered a 10 per cent increase in revenue in the 12 months to 30 September 2021 to £76.6m, according to its financial results, with particular growth of 17 per cent seen in its Investment Advisory business.

The company demonstrated "good financial performance" in its first full year of trading, with its recent acquisition of Premier Pensions Management, which completed in January 2022, aiming to extend its service offering to include reward and benefits, and wealth management.

Isio's financial update noted that Premier had also delivered strong revenue growth over the last five years, continuing into 2021, when revenue increased by 14 per cent to £20.3m.

In light of this, it estimated that going forward, on an annualised basis, total revenues for the enlarged Isio group will exceed £100m.

The business has also invested in several areas to support this growth, increasing the average headcount by around 10 per cent, opening of seven new offices, and establishing central support functions.

Commenting on the update, Isio CEO, Andrew Coles, said: “This last financial year has seen us go from strength to strength, growing our business, our team and our position in the market. We’ve won new clients and been able to extend our service offering to existing customers.

“And, as an independent organisation, we’ve been able to adapt to the external environment and respond quickly and effectively to new opportunities.

“From a people perspective, this is the year we’ve really been able to establish our culture, introducing a common purpose to drive what we do and providing a set of behaviours to guide how we do it.

“Our team has continued to show incredible determination to deliver the highest quality work in very challenging circumstances as we went in and out of lockdown last year. Being able to return to our offices has been a real boost to morale, enabling more face-to-face time, greater collaboration and innovation.

“With the acquisition of Premier, we have a very promising future ahead, being able to enhance and extend our services for clients whilst providing new and exciting opportunities for our people.”

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