TenetLime has reported growth in its annual report and accounts for the 12 months to 30 September 2015.

Turnover increased by 48% and earnings saw a 105% increase.

Tenet Group as a whole posted a 9% increase in turnover to £136m and earnings increased by 15% to £1.5m, with a 35% increase in the group’s net profit to £472,000.

The Group has £22.3m of cash, no external debt and £29.5m of net assets.

Martin Greenwood, Tenet Group chief executive, said: “Our on-going financial stability ensures that we are well positioned to capitalise on any opportunities that may arise from the Financial Advice Market Review. Supported by continued strong growth in the mortgage market, TenetLime has performed above plan and we are in a great place to grow, enhance its market share and help member firms become even more profitable in the year ahead.

“Above all, our results, market position and success are made possible by the dedication and commitment of the people who make up the Tenet Group and to them, we say a heartfelt ‘thank you’.”