Team PLC - Jersey-based wealth, asset management and complementary financial services company - Pretax loss widens to £2.9 million in the year to September 30 from £443,000 a year prior. Revenue near doubles to £10.3 million from £5.3 million. Says the outlook for the current financial year is strong, with planned new fund launches, increased inflows, and an accelerated migration of client assets to MPS. The group’s UCIT product launch, which will enable International clients to more easily access the MPS is expected to launch in the Spring. Advisory business has had a strong start to the financial year, adding new personnel, new clients and establishing a new office in Guernsey, company adds.
Current stock price: 11.67 pence, down 0.7% in London on Monday
12-month change: down 62%
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