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Nucleus Financial Group Plc the Edinburgh based fintech wrap platform founded in 2006 saw turnover rise 11% to £21.6m for the six months ending 30th June 2018 over the same period last year.
Profit after tax for the period rose 98.5% to £2.2m.
The firm was admitted to trading on AIM in July 2018 and this is the first set of results since then.
More about Nucleus Financial –
David Ferguson, founder and CEO of Nucleus, commented:
“In these, our inaugural set of interim results presented as a quoted company, I am very pleased to report strong results for the first half of the year. The backdrop of increased financial market volatility and pause in momentum across the sector as advisers and platforms alike dealt with the twin introduction of MiFID II regulation and the new GDPR rules, makes these results more pleasing, and financial performance has remained in line with our expectations since the end of the period.”
“The growth in AUA and the number of active advisers, two of our key performance indicators, show that our adviser users continue to share our ambition of promoting transparency and improving customer outcomes.”
“We are greatly appreciative of the support we have received since our successful IPO in July. It was an exciting moment and an important milestone for Nucleus and we welcome our new investors to the share register. We continue to be confident in our ability to deliver on our ambitions for the business for the remainder of the year and beyond.”