Chris Harte

MFMac’s turnover of £49 million means it has delivered in 11 months what it had taken in 12 last year, with its annualised revenue performance up nine per cent on the previous year. MFMac shortened its annual accounting period by one month this year.

Profitability remains strong, with net profits hitting £19.2m in the 11 months to April – a 10 per cent increase in profitability when accounting for the difference in reporting periods. A firm-wide bonus award equivalent to six per cent of salary was paid to all staff.

Annual profits have now grown by 30 per cent since the launch of MFMac in late 2023.

Chris Harte, CEO of MFMac, said: “Our vision continues to be about empowering our people to consistently deliver a positive, user-friendly client experience and these financial results provide tangible evidence of the progress we are making.”

Mr Harte added: “At a time of rapid technological change, we believe that it’s more important than ever to put the client experience at the heart of how we design and deliver our services. 

“We are investing significant time and resources on a structured programme of client-listening and this is already providing us with fresh insights into how we can continue to deliver real value to our clients.”