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19 Jul 2021 07:00
19 July 2021
Curtis Banks Group PLC
("Curtis Banks" or "the Group")
Trading Update
Curtis Banks (AIM: CBP), one of the UK's leading SIPP providers, today provides an update on its trading performance for the six months ended 30 June 2021.
Following a robust trading performance throughout 2020, the Group has continued to perform in line with management's expectations during the first half of 2021. The Group continues to see strong levels of organic growth, which coupled with the consolidation of Talbot and Muir in the Group's interim results for the first time saw a 15% year-on-year increase in Mid and Full SIPPs to 55,000 as at 30 June 2021.
Strategically and operationally, last year's acquisitions of Talbot and Muir, a high-quality provider of SIPP and SSAS schemes, and Dunstan Thomas, a leading FinTech provider, continue to add value to the Group through greater revenue diversification and proposition enhancement. An example of this is the launch of Imago Administration for SSAS, where Dunstan Thomas is seeing an extremely strong pipeline of anticipated contracts from previous users of an alternative system, who are looking to move away from ageing software and want to benefit from the new solution offered by Dunstan Thomas.
Will Self, Chief Executive Officer of Curtis Banks, commented: "Curtis Banks has made a positive start to 2021, building upon the success of 2020 and the number of strategic initiatives we undertook. I am particularly pleased with how Dunstan Thomas has already shown that it can enhance our overall proposition and we look forward to additional material developments over the course of the year."
"We continue to benefit from positive macro-trends, as seen by the uptick in organic growth, and the evolution of our proposition from one of the UK's leading SIPP providers to a more holistic retirement group. Both of these factors give us a strong platform for growth in 2021 and far beyond."
The Group will announce its half year results on 9 September. The Executive Directors will be hosting an online analyst meeting at 9.30 am UK time on 9 September. Analysts wishing to attend are asked to register their attendance by emailing curtisbanks@instinctif.com.
For more information, please contact:
Curtis Banks Group plc via Instinctif Partners
Will Self - Chief Executive Officer
Dan Cowland - Chief Financial Officer
Peel Hunt LLP (Nominated Adviser & Joint Broker) +44 (0) 20 7418 8900
James Britton
Rishi Shah
Singer Capital Markets Limited (Joint Broker) +44 (0) 20 7496 3000
Mark Taylor
Rachel Hayes
Instinctif Partners (Financial PR) curtisbanks@instinctif.com / +44 78 3767 4600
Ross Gillam
Mark Walter
Lewis Hill
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