Curtis Banks Group PLC (AIM:CBP) lifted revenues by 30% in its latest half-year with assets under administration also sharply higher.
The SIPP specialist posted revenues of £31.7mln in the half-year to end June 2021 as new acquisition Talbot and Muir chipped in.
Fee income from pension administration rose 9.3% to £19.7mln on a like-for-like basis with total fee income up 24% to £22.3m including Talbot and Muir.
Adjusted profit before tax was unchanged at £6.3mln as interest income reduced. Statutory profits increased by 13% to £4.5mln.
The interim dividend was unchanged at 2.5p.
Total SIPPs, including third-party administered, now amount to 80,997 (June 2020: 76,306) while assets under administration increased by 26% to £36bn.
Will Self, chief executive, said: "We have reached the half-year point in very good shape.
We have a robust operating model, we are on a growth trajectory, and the integration process of Talbot and Muir and Dunstan Thomas is going extremely well.
"The second half of the year is gearing up to be a busy period.
“As part of our effort to reach new areas of an ever-increasing addressable market, Curtis Banks is evolving from a primarily focused SIPP administrator to a more holistic retirement group which provides technology and complementary services to the advised retirement market.”