Isio reveals 33% increase in reported revenue

Isio has more than doubled its revenue, profit and headcount in the three and a half years since its launch, with a group revenue of over £155m for the past year, its annual results have revealed.

The group recorded a 33% increase in reported revenue growth for the year to 30 September 2023, rising from £101.5m to £135.3m, while reported earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 27% from £27m to £34.4m.

The group also recorded revenue growth of 18% across its core business, including actuarial and consulting, pensions administration and investment advisory, and continued development of reward and benefits and wealth advisory business lines.

It also revealed significant growth in the group’s headcount, as the group gained nearly 200 new joiners following the acquisition of Isio Total Reward & Benefits from Deloitte LLP, as well as hiring over 180 new experienced hires, 70 graduates, apprentices and trainees.

Commenting on the results, Isio chief executive, Andrew Coles, said: "Four years into our journey, we are perfectly placed to continue to capitalise on the scale, expertise and culture that we have built here at Isio.

"This is translating into clients and talented people approaching us as a fast growth challenger business they want to work with or for. We are excited about our future and our strategy is to continue to build a market leading pension and benefits, investment and wealth planning consulting firm, known for thinking differently.

"These strong results are testament to the faith our clients place in us and the commitment and care of our now 1,100 members of the Isio team."

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