Sense Network posts £300k annual profit

Nicola Brittain
clock

Sense Network has said it made a profit of £310,000 for the 12 months ended 31 May, an increase of almost 30% on the previous year.

In unaudited results, the whole-of market business, which was launched in 2007, also said turnover increased by 23% over the same period, to £9m. Sense director and co-founder, Tim Newman, said improved profits were a result of an increase in "good" advisers joining the company. Sense has taken on 16 IFAs so far this year. Meanwhile, both Newman and commercial director of Sense, Steve Young, reiterated the business' commitment to independence. "We believe in the ethos of independence and share our members' passion to give the very best advice to their clients," Young said. "We r...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Titan Wealth snaps up Workplace Advice Group

Titan Wealth snaps up Workplace Advice Group

Acquired business will ‘work closely’ with Titan Wealth Planning

Sahar Nazir
clock 01 April 2025 • 2 min read
FSCS deposit protection limit could rise to £110,000

FSCS deposit protection limit could rise to £110,000

Proposal would take effect from December 2025 if approved

Sahar Nazir
clock 31 March 2025 • 2 min read
Rathbones labels two funds under 'Sustainability Focus' category

Rathbones labels two funds under 'Sustainability Focus' category

Effective from 2 April

Sorin Dojan
clock 31 March 2025 • 1 min read