Reading pensions advisory firm Isio reports revenues up by a third

Published by

Daniel Face

Isio, a pensions advisory firm with offices in Reading’s Thames Tower, has marked its third anniversary with reports of encouraging growth in the past financial year.

The company saw a 33 per cent increase in both its revenue, up from £76.5 million to £101.5 million, and EBITDA, from £20.4 million to £27 million. Independence and an innovative culture were cited as key differentiators for Isio.

This comes following the firm’s purchase of Croydon-based Premier Pensions in January 2022, and in the midst of a pending deal to acquire Deloitte UK’s pensions advisory business.

Once approved by the FCA, it is thought that the agreement will raise Isio’s annual revenues to more than £140 million. It expects to employ 1,000 staff across its nine existing locations in the UK, as well adding a tenth in Belfast.

Chief Executive Andrew Coles said: “Clients have responded positively to our innovative approach and our strategy to grow the business both organically, through new services, and inorganically through acquisitions, is driving better opportunities for our people and clients.

“Our results also confirm that we are one of the fastest growing pension consulting firms in the UK. We are proud to have built a business with the sustainable scale and expertise of a serious player, while maintaining the agility required to disrupt the status quo and capitalise on the opportunities that lie ahead.”

Daniel Face

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL. Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience. Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.