Chartered Financial Planner and professional services firm Progeny has reported revenue for the first half of 2023 up 43% (£10m) year on year.

The company said today that all 'key metrics' were ahead of last year, including EBITDA (a measure of profit) which was up 22% (£900,000) in the first half.

After a significant acquisition programme in recent years, the Progeny group now has nearly 600 employees in 23 offices in the UK, Europe, Middle East and Asia.

During the first half the company achieved Corporate Chartered status from the Chartered Insurance Institute (CII).

The company has made a number of acquisitions recently.

In April it acquired the Fry Group which saw the firm move into international territories for the first time, adding offices in the Middle East, Asia and Europe.

Progeny Asset Management passed the £2bn assets under management mark, and the firm launched its own range of risk-rated, multi-asset solutions.

In March the firm announced the acquisition of three-office East Anglian Chartered Financial Planning firm Gibbs Denley, boosting total Assets Under Management to over £7.5bn. 

Progeny CEO Neil Moles said: “H1 has seen us make good progress towards our ambition to create the first global Financial Planning business for UK citizens and become a highly trusted professional advisory group at international level.

"We have attracted £278m of organic new assets under management into Progeny Wealth and added £3.1bn via acquisition. Assets managed by Progeny Asset Management increased by £910.7m."

Progeny Asset Management has passed £2bn in assets under management for the first time. 

• An earlier version of this story today incorrectly reported the revenue and EBITDA figures at the top of the story as totals, rather than year on year changes. These have now been corrected. Apologies for the error.