Curtis Banks’ profits more than quadrupled to £3.4 million with
assets under administration up by 400% to more than £5 billion
Founded in 2009 by Chris Banks and Rupert Curtis, Curtis Banks has already become one of the
UK’s top 5 administrators of Self Invested Personal Pension schemes (SIPP’s) and Small Self
Administered Pension Schemes (SSAS’s) and is growing rapidly.
Highlights of Curtis Banks’ results for the year ended 31 December 2013:
•
Turnover almost tripled to nearly £9 million (2012: £3.1 million)
•
Profit before tax more than quadrupled to £3.4 million (2012: £0.7 million)
•
Number of active SIPPs under administration increased by 147% to more than 12,000 currently
•
Assets under administration increased fourfold to more than £5 billion
•
Significant growth organically, through new schemes and transfers, as well as through the
acquisition of the now fully integrated Full SIPP business of Alliance Trust Savings Ltd in January
2013.
Rupert Curtis, Managing Director of Curtis Banks, commented:
“These results demonstrate that Curtis Banks is now a major player in the full SIPPs market and well
placed to continue this growth. We offer wealth managers and IFAs amongst the highest levels of
personal service in the industry and now have a strong capital base on which to continue to build.
“The year ahead looks to be an exciting one for us. We are exploring further acquisitions in the
sector, recruiting more business development managers in Bristol, Dundee and Leicester and are
investing heavily to develop our technology systems to offer an increased quality and range of
services for our clients.”
Notes:
• With £5 billion of funds under administration Curtis Banks is ranked within the top 5 Full SIPP
providers.
•
The Curtis Banks SIPP has been awarded the Defaqto 5 Star Rating for 2014 and all prior years
since trading commenced.
•
Current staff number 125 in Bristol, Dundee and Leicester and recruitment is continuing.
•
New SIPP’s being attracted at a rate of over 150 a month.
•
Recent budget changes expected to have a positive effect in the SIPP sector.
For further information please contact:
Rupert Curtis, Managing Director:
T: 0117 9107902
[email protected]
www.curtisbanks.co.uk
Charlotte Morrison, PR adviser to Curtis Banks:
T: 07780 7000 12
[email protected]