In its latest financial results, the firm said its gross revenue for the year had grown by 13 per cent year-on-year to £37.4m.
The company added that whilst there had been an impact of the mini Budget on the mortgage market, its debt gross revenue increased by nine per cent, and its insurance and wealth business rose by a combined 19 per cent annually.
This brought the latter’s share of revenue from 32 per cent to 34 per cent.
The number of consultants within the company also grew by 11 per cent, bringing the total to 122 at the end of the year.
The firm said that the average revenue per consultant had fallen slightly after its “recruitment drive” but it was still “strong” at £320,000.
SPF Private Clients celebrated its 25th anniversary last year, initially starting in 1997 as Savills Private Finance, a financial arm of Savills.
It now employs over 210 people in six locations across the UK and Channel Islands, and became part of the Howden Group last year.
Mark Harris (pictured), group chief executive of SPF Private Clients, said: “We are delighted with our latest set of results, which are positive in terms of growth, revenue and profit.
“2022 ended up being a good year for the business although it could have been even better if it hadn’t been for the mini Budget. The diverse nature of the business enabled us to thrive, with the numbers demonstrating the breadth of our offering.”
He continued that following its acquisition by global insurance broker, Howden, it was “enjoying being part of a larger group again and the opportunities that presents, having left Savills in 2011”.
“This year, we plan to open offices in Edinburgh and Bristol to complement our existing office base, as well as in Hong Kong, Singapore and Dubai, enabling us to grow our international market share,” he added.
