Revenues for the fiscal year 2011 rose by 49% to GBP52.2 million from GBP35.1 million in the fiscal year 2010. Earnings per share were 51.92p, compared with 38.10p for the previous year, an increase of 36%.

Funds under management (FUM) at 30 June 2011 were GBP2.97billion, an increase of GBP783 million or 36% over the figure a year earlier.

Chris Macdonald, chief executive of the AIM-listed company, said: "We have, and will continue to pursue, a number of strategies for growth, principally as follows: expanding by organic investment in our core businesses, acquiring investment management teams, expanding our regional presence and developing our product and service offering."

The company also announced that in November they plan to open their sixth private client regional office in Taunton, where they have recently announced the acquisition of the investment management department of Clarke Willmott. The acquisition will add over GBP120 million to their FUM.

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