Mattiolli Woods continues to grow
Leicester-based pension consultancy Mattiolli Woods has announced its fifth year of growth on AIM. The company, which announced its final year results this morning, revealed pre-tax profits of £4.5m for the year to 31 May 2010.
The result is a 9.2 per cent increase on the company’s 2009 figure.
Bob Woods, Mattiolli Woods’ chairman, said that he now wants to expand the company’s operations, “both organically and by acquisition”.
The company also announced a 3 per cent increase in revenue to £13.68m. During the year, the business made two high-profile acquisitions. In April, it bought CP Pensions, and earlier this month, trustee and administration service City Trustees was purchased.
Woods said: "I am delighted to report another good set of results, with continued growth in revenue and profits. This is now our fifth year of growth on AIM.
“There are key legislative and economic drivers, including the demise of defined benefit pensions, which all lead to an increasing need for people to plan for their own financial futures. We expect further growth in demand for the group's expanding range of retirement wealth management services.”
