Team PLC on Monday highlighted significant momentum in its business in a trading update, driven by strong growth in its International operations.

For the financial year ended September 30, Team’s assets under management increased in line with market expectations, rising by 27% to £1.1 billion from £834 million in the previous year. The company said that this growth was largely driven by its International division.

The Jersey-based wealth, asset management and complementary financial services company, said it expects full-year revenue of £10.1 million, representing a 90% increase compared to £5.3 million in the previous year, and exceeding market expectations by approximately 25%.

However, the company anticipates reporting a full-year earnings before interest, taxes, depreciation, and amortisation loss of £1.7 million, compared with an Ebitda loss of £0.7 million a year ago.

However, the company anticipates reporting full-year earnings before interest, taxes, depreciation, and amortisation loss of £1.7 million, doubling the £700,000 million loss reported in the previous year.

Team‘s focus remains on scaling its MPS portfolios, which the company says continue to deliver top-tier performance. Team is also capitalising on rising demand in the international market, particularly among expatriate professionals in Asia, Africa, and the Middle East.

The company said it is confident in its 2025 outlook, citing expectations of increased fund flows driven by an expanded adviser base and accelerated migration of assets into its high-performing multi-asset portfolio strategies.

Executive Chair Mark Clubb said: ‘We have nearly doubled revenues in the last 12 months and crossed the £1 billion AuM threshold - there is genuine momentum building in our businesses.’

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