Verlingue grows turnover and profit in 2022
Verlingue UK boosted turnover by 6.8% in 2022 to £19.51m, as profits also rose.
Profits before tax increased by 9.6% – from £2.83m to £3.13m. This more than reversed the year-on-year profit fall posted in 2021.
The latest result came despite administrative expenses rising 11% to £17m.
The financial performance was helped by £597,421 of exceptional income. A filing at Companies House for Verlingue Holdings detailed this income came from selling Verlingue Wealth Management to a third party on 22 December 2022.
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