Pensions advisory firm Isio Group has reported that its revenue surged past £155m on the back of acquisitions and organic growth.
The group’s financial results for the year to 30 September 2023 showed annualised revenue of over £155m and EBITDA of around £39m.
The results, published today (21 February), showed revenue growth of 33% from £101.5m to £135.3m and EBITDA growth of 27% from £27m to £34.4m.
It also showed strong organic revenue growth of 18% across its core business, including actuarial and consulting, pensions administration and investment advisory.
The Isio Group was launched in March 2020 when it acquired the pensions advisory practice of KPMG LLP. The group has the backing of Exponent Private Equity LLP.
In September 2021, it acquired Premier Pensions Management to enhance and extend its service offering to new and existing clients.
And in May 2023, Isio completed the acquisition of Deloitte Total Rewards & Benefits, the UK pensions advisory business of Deloitte LLP.
Renamed as Isio Total Reward & Benefits (ITRB), this has now been integrated into Isio Group Ltd.
Isio has welcomed over 180 new experienced hires, 70 graduates, apprentices and trainees, as well as 200 new joiners to the business from the acquisition of Isio Total Reward & Benefits from Deloitte LLP.
The group now employs 1,100 people across 10 UK offices, including a new location in Belfast.
Isio chief executive Andrew Coles said: “Four years into our journey, we are perfectly placed to continue to capitalise on the scale, expertise and culture that we have built here at Isio.
“This is translating into clients and talented people approaching us as a fast-growth challenger business they want to work with or for.
“We are excited about our future and our strategy is to continue to build a market-leading pension and benefits, investment and wealth planning consulting firm, known for thinking differently.
“These strong results are testament to the faith our clients place in us and the commitment and care of our now 1,100 members of the Isio team.”
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