HFW profits drop 9% as investment costs weigh in ‘tough’ market

UK top 50 firm HFW has had a tougher year which saw revenues flatline as profits and profit per equity partner (PEP) tumbled 9% and 11% respectively.

Revenue stagnated, dipping slightly to £178.9m, while profits suffered a more severe decrease to £43.3m. PEP fell from £542,000 last year to £481,000 this year.

Your limit of 1 article in 30 days is up. Please login for full access or subscribe.