Ravenscroft Adds More Than £1.5 Billion To Assets Under Administration

Guernsey-based investment manager Ravenscroft has grown its assets under administration to £4.44 billion – an increase of 55% over 12 months.

Its annual report shows that the company, which has offices in Guernsey and Jersey and launched into UK last summer, has increased group revenue by 15% to £20 million, with recurring revenues up 50% from £7.61 million in 2016 to £11.45 million in 2017. Gross profit increased by 14% to £17.21 million.

"These are impressive results which have come about through hard work, a drive to do the very best for our clients and a commitment to ensure that we continue to diversify the company to ensure it can offer investors a choice of investments that will meet their long-term objectives," said Guernsey-based Chairman Stephen Lansdown.