Independent advisory boutique Ondra Partners, founded five years ago this month by former Lehman Brothers bankers Michael Tory and Benoit D'Angelin, and ex-HSBC banker Michael Baldock, has posted a healthy increase in revenues.

The London-based advisory boutique posted a 16% increase in revenues in the year to March 31 versus the same period a year previous, according to accounts filed at Companies House this week, taking total turnover to £27.4 million, or around $44.3 million at the current exchange rate.