Revenues increased by 24 per cent to £16.9M with net profit up by 42 per cent to £5.5M.
The results reflect the success of the merger with Macdonalds that took place in February 2013, as well as significant continuous organic growth, including new client wins in the banking, commercial real estate and public sector teams.
Chris Harte, Chief Executive at Morton Fraser said:
“I am delighted that the firm continues to grow. We have made good headway into new business streams across all of our key sectors. It's an interesting market we're now operating in and we're confident that a competitive and dynamic Scottish firm can continue to benefit from the changes in our market.
“As well as a number of new client wins, we recently attracted significant hires to our private client team, and our real estate and planning practices.
“Alongside driving growth, we're pleased to have ended the year debt-free, making us well placed to implement our investment plans over the medium to long term.”
Commenting on the future, Chris added:
“Our firm brand and strategy is built around clarity and transparency in all that we do. Crucially, this also includes a straight talking approach to how we charge. Our clients tell us that they value us engaging with them in a clear, open way and I am confident this approach will drive further growth in our business.”
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