StockMarketWire.com - SIPP provider Curtis Banks Group saw revenues rise by 69% to GBP16.99m in the year to the end of December.

Operating profits were up 30% at GBP4.2m and adjusted operating profits rose by 64% to GBP6.1m.

The number of SIPPs administered increased by 75% to 39,236 while the number of SSASs administered rose by 16% to 326.

Assets under administration increased by 27% to GBP9.0bn.

Executive chairman Chris Banks said: "2015 will go down as a significant year in the development of Curtis Banks. We have achieved very pleasing results whilst completing our IPO on AIM and two significant transactions.

"Our prospects are equally exciting. Contracts were exchanged in January 2016 for the acquisition of Suffolk Life and following completion that is subject only to regulatory approval, Curtis Banks will become the second largest independent SIPP administrator in the UK and in a very strong position to continue its strategy for growth, both organically and through the acquisition of further complementary books of SIPPs."




At 9:50am: [LON:CBP] Curtis Banks Group Plc Ord 0.5p share price was +2.5p at 375p



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