28 August 2013 – final results
The pensions consultancy and wealth management business has announced final results for the year to 31 May and these have revealed a 14.3% increase in revenue to £23.4m with adjusted pre-tax profits rising by 9.9% to £5.56m. Earnings per share on the same basis were 12.2% higher at 24.29p and the dividend for the year is raised 26.1% to 7p. Net cash at the year end was £8.05m, up from £5.14m a year earlier. These are clearly excellent results and with further progress expected in the current financial year we continue to rate the shares as a BUY.