Blackpool investment firm in rapid growth table

Stuart Brookes, joint managing director for stockbrokers Hargreave Hale Ltd.

Stuart Brookes, joint managing director for stockbrokers Hargreave Hale Ltd.

A Blackpool firm has been hailed as one of the fastest growing in the country.

Hargreave Hale was named in the 17th annual Sunday Times BDO Profit Track 100 league table.

The table ranks private companies with the fastest-growing profits over three years.

Ranked number 20, the Whitehills based firm was the only investment management firm included in the list this year, with a profit growth of 94 per cent.

Its success has mainly been driven by strategic regional expansion and impressive organic inflows, which saw assets under management exceed £5bn for the first time.

It opened a York branch in July 2014 and successfully established new branches in Norwich and Nottingham last year. It also expanded many of its regional hubs, with the Worcester office relocating to larger premises in January 2015.

Hargreave Hale’s expansion is set to continue as it moves its Blackpool headquarters in June, following the completion of a new, 20,000 sq ft purpose built office near its existing base.

As part of the relocation, the firm has commenced a recruitment drive to address increased demand for its services.

Stuart Brookes, joint managing director at Hargreave Hale, said: “This is a significant achievement and recognition of our staff’s hard work and client-first ethos. We are fully committed to providing quality investment solutions and first class customer service, irrespective of how much our clients invest with us.

“It is this considered approach which has helped fuelled the growth of our business.”

“The Blackpool relocation is a key milestone in our firm’s long history and reflects our rate of progress in recent years – something we hope will continue in years to come.”

Hargreave Hale provides discretionary investment management and stockbroking services to private clients, intermediaries, corporates, charities and trusts.

The firm employs more than 200 staff based across nine offices in the UK.