National IFA, pensions and employee benefits consultancy firm LEBC Group has posted record profits for the 2017/18 financial year.

The firm says the results, which showed a tenth successive year of profit growth, underlined a period of strong continuing growth, with year-on-year improvements for both turnover (at £20.5 million) and trading profit (£4.3 million).

Turnover was up 13% and trading profit by 43% on last year’s figures.

LEBC said the growth had been achieved organically from LEBC’s ‘Foundation’ and ‘The Retirement Adviser’ businesses.

But the firm also made acquisitions including that of Aspira Corporate Solutions.

Jack McVitie, chairman and chief executive officer at LEBC Group, said: “Aspira was an obvious choice; they have assembled an excellent team over the years and share our commitment to the delivery of the best possible advice for each and every client.

“We have begun and continue to work on the integration of Aspira into LEBC Group and are making a significant investment in new technology at the Bristol office.

“We are building on the strengths of both businesses, harnessing best practice and efficiencies to ensure we provide the best possible advice and service to each and every client.”

LEBC expects the integration of Aspira to be complete during the first half of 2019.

As well as its results the firm also revealed the appointment of Derek Miles, former managing director of Aspira, as managing director of LEBC Foundation.

In addition Jeremy MacLeod was appointed managing director of LEBC’s ‘Bionic’ advice proposition.

Mr McVitie added: “Looking to the current financial year and beyond, across the wider political and economic landscape, we face some uncertainties; however, I remain confident that LEBC is well placed to adapt to ever-changing circumstances.

“We have a proven business model, and we continue to refine our processes and systems so that we can deliver the highest levels of advice and client service.

“In this way we’ll not only weather the storm but build on our success.”