Edinburgh-based funds platform Nucleus Financial Group Limited on Tuesday announced its inaugural set of interim results as a quoted company, with period end assets under administration rising 15.6% to £14.3 billion compared to the first half of last year.

For the six months ended June 30, 2018, Nucleus Financial said revenue rose 11% to £21.6 million and adjusted EBITDA soared 152% to £4.9 million compared to the same period of 2017.

Gross inflows fell 4.5% to £1.2 billion compared to the same period last year.

However, Nucleus saw an increase in the number of active advisers from 1,266 to 1,357, up 7.2% over the past 12 months, and customer numbers at June 30, 2018, stood at 90,650, an increase of 5.9% on H1 2017.

An interim dividend of 1.4p per share was declared and is payable in October.

David Ferguson, founder and CEO of Nucleus, said: “In these, our inaugural set of interim results presented as a quoted company, I am very pleased to report strong results for the first half of the year.

“The backdrop of increased financial market volatility and pause in momentum across the sector as advisers and platforms alike dealt with the twin introduction of MiFID II regulation and the new GDPR rules, makes these results more pleasing, and financial performance has remained in line with our expectations since the end of the period.

“The growth in AUA and the number of active advisers, two of our key performance indicators, show that our adviser users continue to share our ambition of promoting transparency and improving customer outcomes.”

“We are greatly appreciative of the support we have received since our successful IPO in July.

“It was an exciting moment and an important milestone for Nucleus and we welcome our new investors to the share register.

“We continue to be confident in our ability to deliver on our ambitions for the business for the remainder of the year and beyond.”