News
5 September 2006
Preliminary Results
Mattioli Woods, the specialist pensions consultancy, reports its maiden Preliminary Results for the year ended 31 May 2006.
Highlights
- Turnover increased by 17.6% to £7.6 million (2005: £6.4 million)
- Profit before interest and tax of £2.2 million in line with expectations (2005: £2.7 million)
- Normalised profit before interest and tax increased by 20.9% to £2.2 million
- Earnings per share of 10.1 pence (2005: 15.1 pence)
- Final proposed dividend to shareholders of 1.4 pence per share
- Client portfolios acquired from Geoffrey Bernstein and Suffolk Life performing well
- Joined AIM in November 2005 and moved to new office premises
- Management team strengthened with appointment of three new Directors
- Successful transition to the Government’s Pension Simplification legislation (“A-Day”)
- Leading adviser on over 1,400 SIPP and SSAS schemes – a 40% increase during year
- New SIPP launched in conjunction with Bank of Scotland
- Currently advising on over £728 million of funds under trusteeship
- Facilitated creation of 10 new property syndicates during the year
Commenting on the interim results, Bob Woods, Executive Chairman of Mattioli Woods, said:
“During the year, the business has made a number of significant achievements, including admission to the AIM market and the successful integration of two acquisitions, whilst maintaining strong growth in our core business.
“The Group is very confident that the new “A-Day” legislation will strongly encourage pension planning in our core target market over the short, medium and long term. We also believe that there will be new and exciting opportunities in the final salary arena, which will be synergistic with our SIPP services.
“We have always believed that “A-Day” would not only boost the current rate of growth in the SIPP market, but also lead to rationalisation within the sector. We continue to believe this may provide Mattioli Woods with further opportunities for strategic acquisitions. The Group looks forward to 2007 with confidence and enthusiasm.”
The full results are available to view and download in PDF format.
For further information:
For further information:
Mattioli Woods plc |
|
Bob Woods, Executive Chairman |
Tel: +44 (0) 116 240 8700 |
Ian Mattioli, Chief Executive |
Tel: +44 (0) 116 240 8700 |
Nathan Imlach , Finance Director |
Tel: +44 (0) 116 240 8700 |
Evolution Securities Limited |
|
Joanne Lake , Corporate Finance |
Tel: +44 (0) 113 243 1619 |
Media enquiries:
Abchurch |
|
Sarah Hollins /Neil Camp/Louise Thornhill |
Tel: +44 (0) 207 398 7700 |