TO MARK its third anniversary, a Reading-based pension consulting firm is celebrating what it says is impressive growth in its revenue and profits.
Isio, which works from offices in Thames Tower, acquired Premier in January 2022, and says it has seen revenue increase by a third from £76.5m to £101.5m, and a 33% increase in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) from £20.4m to £27m.
The company says its growth has been powered by key differentiators including independence and market-leading technology, and it has an innovative culture to do things differently and win business from more traditional rivals.
The company is continuing to look to the future. In January, it announced it had signed an agreement to acquire Deloitte Total Reward and Benefits Limited, the UK pensions
advisory business of Deloitte LLP.
Upon completion of the deal, which is subject to FCA approval, it is anticipated that Isio will have annual revenues of more than £140 million and 1,000 employees across its nine existing locations around the UK, together with a new location in Belfast.
Andrew Coles, the firm’s chief executive said the strong results were evidence of the quality of Isio’s people and their work, as well as the demand for a challenger brand in the pensions advisory space.
“Clients have responded positively to our innovative approach and our strategy to grow the business both organically, through new services, and inorganically through acquisitions, is driving better opportunities for our people and clients,” he continued.
“Our results also confirm that we are one of the fastest growing pension consulting firms in the UK. We are proud to have built a business with the sustainable scale and expertise of a serious player, while maintaining the agility required to disrupt the status quo and capitalise on the opportunities that lie ahead.”
