EQ Investors profits tank 68% amid 'difficult' trading environment

Annual accounts

EQ Investors has posted profits of £535,696 for the financial year to 30 April 2023, a 68.2% drop from the previous year.

According to Companies House filings, the firm's operating profit also nearly halved during the year, from £1.3m at the end of April 2022 to £780,696 last year. Assets under management have broadly remained unchanged from April 2022 at £1.7bn.  EQ Investors head of fund research departs The number of staff increased by four to a total headcount of 69, leading to higher costs associated with wages and salaries. At the same time, overall directors' remuneration increased during the year by around £70,000 to more than £1.3m. Dividends paid throughout the financial year nearly doubled,...