Bankhall's parent company Lynx has announced a profit of £11.2 million in the past year, up 20 per cent from its £9.3 million profit in 2000.
In its annual results for the year ending September 30 it also confirmed it is in discussions with may lead to an offer for entire company at 120 pence per share.
Lynx's turnover is up 27 per cent to £224.2 million from £175.9 million last year. It says Bankhall is continuing to perform well in the regulated IFA sector and now represents 54 per cent of its operating profits.
Bankhall has contributed £63.2 million to the group's turnover and £7.8 million to its operating profit. It has spent £1.1 million on the development of its internet portal IFA Engine.
Lynx chief executive Richard Last: “Our core businesses continue to perform strongly with significant organic growth in the UK IFA services sector.”