Ravenscroft Reaches Assets Under Administration Milestone

Ravenscroft's assets under administration have reached more than £2 billion for the first time.

In its interim report, the company, which is the only independent stockbroking and investment management company in the Channel Islands, saw assets under administration reach £2.06 billion, a 42% increase on its position at the end of June 2014 of £1.45bn.

Group Chief Executive Jon Ravenscroft said the milestone was a great way of celebrating the company's 10th anniversary.

"I was delighted with our 2014 results and am thrilled to see our assets under administration reach £2 billion in 2015, which in turn will lead to an increase in recurring annual revenue. This strong performance is great news for our team and for our stakeholders.