Ashcourt Rowan is back on track

Michael Bow
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WEALTH manager Ashcourt Rowan made good on its turnaround plans yesterday after it said revenues grew in the second half of the year, despite an overall slide in annual revenues.

The group, which was hit with a £412,000 fine over failings at subsidiary Savoy Investment Management last year, said plans to “re-engineer” the company were on track and starting to feed into the balance sheet. Revenues grew by £1.1m over the past six months. This was a drop on the £36.4m for the same period last year.