PRELIMINARY RESULTS FOR THE YEAR TO 30 SEPTEMBER 2005
26 January 2006
| 2005 | 2004 | % | |
| Turnover | £11.5m | £ 8.46m | +36% |
| Operating margin (pre goodwill) | 11.2% | 9.3% | +20% |
| EBITDA | £1.42m | £0.88m | +62% |
| EPS | 5.0p | 3.2p | +56% |
Highlights:
- Strong organic growth from the Group's 3 main business areas;
healthcare, general insurance and financial services - Successful integration of a number of acquisitions - Managed Healthcare
Ltd and A Wills & Co Ltd - Business development - Recruitment of a team to develop commercial
insurance business in Cardiff and launch of a service providing commercial
finance advice - Increasing opportunities to cross sell all services to its corporate
client base of 6500 - Good acquisition opportunities available caused by changes in the
regulatory regime - Market position strengthened by consolidating effect of acquisitions and
continued organic growth - 2006 expected to be another year of significant progress
Christopher Jelf, Chairman, says:
"I am delighted to be able to report another year of strong trading performance for the Group in all its core markets. I am particularly pleased that we have continued to develop a Group wide culture of referring clients internally when new services are required. This approach has underpinned strong organic growth across the Group, generating healthy cash flows this year.
In addition we have made a number of acquisitions including Managed Healthcare Ltd, A Wills & Co Ltd and the South West based commercial insurance operations of a competitor. This activity is in line with our strategy of growing both organically and by complementary acquisitions".
The full results can be viewed here.
Enquiries:
Alex Alway, Group Chief Executive,
Jelf Group
John Harding, Group Finance and Operations Director,
Jelf Group
Tel: 01454 272799
Ian Seaton,
Bankside Consultants
0207 367 8891