Jelf Group unveils positive full year results after acquisition

Tom Beck
INSURANCE and employee benefit consultancy Jelf Group yesterday said full-year results for the period ending 30 September were positive.

Revenues rose 8.4 per cent to £82.6m and it also reported a 40.4 per cent profit increase to £6.5m.

The company has increased its dividend payment to 2p per share, which will be paid to shareholders at the end of next month.

A key reason for the company’s success includes the acquisition of The Insurance Partnership, which was completed in June 2013.

In addition, two “bolt on” acquisitions acquired in the period accounted for a total consideration of £400,000.

“I am particularly pleased that the group has delivered such a strong set of trading results in a year that it celebrates its 25th anniversary as a business and its 10th year on Aim.

“We continue to operate in what is an extremely competitive market. Trading since 1 October 2014 is in line with expectations and we look forward to another year of profitable growth,” said Jelf boss Alex Alway.