The firm is owned by Blackadders LLP’s directors and provides financial planning and investment management advice.

Accounts posted at Companies House also show that profit for the financial year before member’s remuneration and profits shares was £574,000, down from £632,000 in 2018, The Courier reports.

Managing partner Johnston Clark said: “In the year under review we were addressing our succession planning so we now have 18 staff with three investment managers and five financial planners in the team.

“Quite often we are dealing with families where there are values to be transferred from generation to generation and last year we saw a lot of activity under the pension transfer freedom legislation.”