MEMBER NEWS Record financial results for RU Group

The RU Group, made up of Russell Ulyatt Financial Services, Greenhalgh Financial Services, Hart Shaw Financial Planning and Shevill Parkes Financial Services, has announced record results for the 2017/2018 financial year following the production of its latest management accounts. The group of independent,

personal and corporate financial advisers, headquartered at the ng2 Business Park in Nottingham, has achieved significant increases in both turnover and profit. Substantial re-investment in the business has also taken place which has ideally positioned The RU Group for further growth during the next financial year and beyond. Overall, The RU Group’s turnover

has increased by almost 20% to £5.3m. Profits before tax have also increased by 20% from the previous year. Investment in the business has

also risen, with The RU Group, which has roots in Nottingham dating back over 130 years, investing a further £650,000 into the company, an 18% increase on the previous financial year. This investment has seen the group re-brand to The RU Group,

undergo a significant upgrade of its IT infrastructure to improve its service delivery for clients, appoint new staff, host a range of networking and business events and invest in further marketing and PR support to help raise awareness of the firm. Alongside this

investment, these results can also be attributed to the group’s ongoing commitment to its ‘Culture of Learning’ which embodies the emphasis placed on

achieving growth through the professional development of staff while transforming levels of knowledge, expertise and professionalism. This sustained commitment, hard

work and growing expertise of The RU Group’s staff has resulted in Russell Ulyatt Financial Services being award the landmark Chartered Financial Planners title by the Chartered Insurance Institute for the second year running. This has contributed to it securing new business from both existing clients and

professional connections. Re-branding the group of

Andy Dyke


Andy Davidson-Hogg is a successful property developer who transforms disused pubs into much-needed student accommodation.

His Nottingham portfolio includes the former Newcastle Arms, the White Hart and a suite of disused offices above the Frankie and Benny’s restaurant in the city centre, which won him and his team a top local authority award.

He’s helped to create new accommodation for more than 100 students.

It can be a fast moving business, demanding high-value cash transactions and quick decisions. That’s why Andy chooses Mitchell Wilde as his legal consultants.

Andy Davidson-Hogg

“I need someone who is on the ball – and they are. I need to look before I leap. Their expertise plus the ability to connect instantly with the

relevant issues and their availability when I need them, means I can trust them totally to help with decisions and to oversee deals to a faultless conclusion.

“I have built up a team of top flight contractors to help maintain my high standards and Mitchell Wilde play a crucial role in ensuring all the legal aspects are identified and covered.”

Andy is constantly on the lookout for redundant buildings to be re-cycled as useful, new accommodation. It’s a hugely competitive arena – where striking a successful deal can depend on split second judgement and timing.

Paul Mitchell, partner in Mitchell Wilde said: “We are ready to respond at a moment’s notice, whenever Andy senses a new deal.

   

business network June 2018 9

companies to The RU Group and simplifying client communication has made more clients aware of the breadth of services available and this has resulted in £64m of new client money being added into its model portfolios and investment propositions. Andy Dyke, The RU Group’s Managing Director, said: “It is important that a financial planning firm is itself financially strong to ensure that it will be there to provide ongoing advice, reassurance and guidance to its clients who are approaching, at or in retirement. The investment in the business and the hard work of our staff has been fundamental to us achieving these results and has laid secure foundations for further growth. While investment in the business will continue in the new financial year, last year included significant one-off investments, such as our new IT system, which will start to further benefit The RU Group and our clients in the future. I am looking forward to continued growth and developing our talented teams in Nottingham, Derby and Sheffield.”

Mitchell Wilde LLP     

    

     

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