Financial support company Fintel saw earnings drop last year but has hailed what it has called a strong performance.
The Huddersfield-based firm, which operates subsidiaries SimplyBiz and defaqto, saw statutory EBITDA fall 33% to £16.7m in 2022 but pointed out that the previous year had benefited from exceptional gains of £7.8m. The plc said it was well positioned to deliver strong growth and signalled that further merger and acquisition activity was expected in the near future.
Revenue growth was seen across all three of the firm's operating divisions, driven by what Fintel said was demand for technology and insights services. Overall statutory revenue increased 4% to £66.5m as Fintel said it had made a "confident" start to the year.
