StockMarketWire.com - Curtis Banks Group's operating revenues rose to £29.7m in the year to the end of December from £17.0m in 2015.

Profit before tax, amortisation and non-recurring costs rose to £7.1m from £6.0m.

Chief executive Rupert Curtis said: "2016 has been a transformational year for Curtis Banks with the acquisition of Suffolk Life.

"Seven years after founding the business we now administer over 72,000 SIPPs with approaching £20bn of assets.

"SIPP numbers grew by 86% in 2016 and revenues by 75%. Adjusted net profit increased to £7.1m and we will see the benefit of full year contributions in 2017 from our acquisitions and enhanced business levels.

"We see great opportunity to consolidate the businesses of Curtis Banks and Suffolk Life and enhance our performance as a unified business, building on what we have achieved so far.

"With the support of our great team of 600 people, we're tremendously excited about 2017 and the future ahead of us."










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