Equilibrium Asset Management has grown its turnover for the eighth year running.

The figure now stands at a record £8.9 million, representing year on year turnover growth of over 20 per cent per annum.

Colin Lawson, who founded the company 23 years ago, paid tribute to staff following a ‘strong’ 12 months which also saw Equilibrium reach more than £150m in net asset wins.

Headcount at the Wilmslow-based wealth management firm now stands at 81, increased by 20 during the financial year to September 2018.

Most recently, Equilibrium has hired Tyme Regent-Bascombe and Marcus Bond as client managers, with Peter Ryding recruited as advice manager – a newly created role to assist with coordinating reporting and training of a growing adviser team.

Regent-Bascombe has joined from Pensionhelp where he was a paraplanner and Bond has arrived from Foresight Independent Financial Planning where he was a client manager. Ryding was a financial planning senior sales manager with Scottish Widows.

New to the company’s innovative Diploma Academy are Jack Williams and Chris Pughe – the scheme takes entrants from all educational backgrounds, putting them to work with the award-winning client manager team and ultimately offering them a route to becoming diploma qualified. Both Williams and Pughe are new to the industry.

Colin described the turnover milestone – Equilibrium’s most successful yet after delivering £7m turnover in 2017 – as ‘fantastic.

He said: “There’s a great sense of pride at Equilibrium following our latest financial results.

“I founded this company in my back bedroom 23 years ago – then Applewood Financial – and it has grown year on year ever since which is credit to our friendly but expert team members who do a fantastic job in delivering our propositions.

“But we won’t be resting on our laurels. The new hires joining us this month symbolises our desire to keep evolving while constantly focusing on ensuring that clients have financial confidence now and in the future.’

Named in the top 10 of The Sunday Times Best Small Company to Work for the past two years, the company currently manages more than £850million of assets for more than 1,000 families.

Colin added: “We feel that we better positioned than ever – due to strong processes and structure in the business – to deliver a personalised service designed specifically around our clients’ individual needs.

“We also feel that we bring an entrepreneurial flair to an industry that is dominated by old-fashioned and outdated practices of stockbrokers and banks. That makes us unique.”