Tavistock Investments PLC said on Monday it experienced its ‘most successful trading year’ in the company’s history and declared an increased interim dividend.

Shares in Tavistock Investments were up 13% at 8.19 pence on Monday morning in London.

Revenue in the year ended March 31 totalled GB32.0 million, up 14% against the £28.7 million achieved the previous year.

Chief Executive Brian Raven said: ‘The company has made tremendous progress during the last year, and our current focus is on strengthening our partnerships with both Titan Wealth Holdings Ltd and LEBC Holdings Ltd, as well as maximising the benefits from our ownership of LEBC Hummingbird Ltd. We continue to be acquisitive and look forward to updating shareholders on progress in due course.’

The Berkshire-based investment manager declared an increased interim dividend of 0.07 pence per share. This is 40% higher than the 0.05p dividend paid to shareholders in October.

Tavistock will release its full-year results in mid-September.

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