The Curtis Banks Board proposes a final dividend of 6.5p per share (2020: 6.5p) which, if approved by shareholders, will be paid on 1 June 2022 to shareholders on the register at the close of business on 6 May 2022. Total dividends for the year are therefore 9.0p per share (2020: 9.0p).
Other financial highlights include:
Revenue increased by 17.5% to £63.3m (2020: £53.9m)
Adjusted profit before tax increased by 4.7% to £14.0m (2020 restated: £13.4m)
Adjusted operating margin decreased to 23.5% (2020 restated: 26.0%), mainly impacted by the £3.9m decrease of interest incom compared to the prior year. If interest income had remained at the same level, the adjusted operating margin would be 28.0%
Profit before tax increased by 22.2% to £9.3m (2020 restated: £7.6m)
Adjusted diluted EPS of 16.9p (2020: 17.9p)
Gross organic growth in Full and Mid SIPP numbers of 7.9% (2020: 7.8%) with total SIPPs, including third party administered, now 79,679 (2020: 82,224)
Attrition rate on own Full and Mid SIPPs increased to 6.1% (2020: 4.6%)
Assets under Administration ("AuA") increased by 15.4% to £37.4bn (2020: £32.4bn)
