1. No category

28 April 2015
Curtis Banks Group plc
(“Curtis Banks” or the “Group”)
Intention to float on AIM
Valuing the business at approximately £85m
Curtis Banks Group plc, the specialist SIPP administrator, is pleased to announce that it
intends to admit to trading on AIM, a market operated by the London Stock Exchange.
Commencing trading in 2009, Curtis Banks has grown organically and through acquisition to
become the third largest dedicated provider of full SIPPs in the UK. During this period,
Curtis Banks has acquired 5 client books and expects to complete further acquisitions as
part of its ongoing growth strategy.
SIPPs have become a significant constituent of the pensions market, with approximately
1.2m SIPPs currently in the UK and further strong growth predicted. The additional
freedoms introduced in the 2014 budget, which came into effect on 6 April 2015, and which
allow individuals the freedom to access their pension pots with greater flexibility, are
expected to continue to increase the popularity of SIPPs.
These, and recent regulatory changes, have resulted in increasing demand for high quality
SIPP administration services. Curtis Banks is well positioned to benefit from the changes in
the market, presenting both organic growth opportunities and the ability to act as a
consolidator in the industry.
With in excess of 26,000 existing SIPP clients, Curtis Banks has a strong platform to grow
further and broaden its product offering.
Curtis Banks is expected to raise £7.5m through the issue of new equity and to have a
market capitalisation of approximately £85m on admission to AIM. Trading in the shares is
expected to commence on 7 May 2015.
Commenting on the planned flotation Rupert Curtis, Managing Director of Curtis
Banks, said:
“Curtis Banks is an ambitious company. We have been successful in building the business
to one of the biggest operators in the full SIPP market, however we believe that Curtis Banks
has significant further potential.
“We can strengthen our growth plans by raising further capital and admitting our shares to
AIM. The market for SIPPs is growing rapidly and we anticipate that there will be increasing
opportunities to develop new products and services, as well as further acquisition
opportunities as regulatory changes come into force next year.”
For more information:
Curtis Banks Group plc
Rupert Curtis – Managing Director
Paul Tarran – Finance Director
Walbrook PR
Tom Cooper / Paul Vann
www.curtisbanks.co.uk
0117 910 9710
0117 985 8989
0797 122 1972
[email protected]
Notes to Editors:
Curtis Banks administers Self-Invested Pension products, principally SIPPs and SSASs. The
Group commenced trading in 2009 and has successfully developed, through a combination
of organic growth and acquisitions, into one of the largest UK providers of these products.
The Group employs approximately 200 staff in its head office in Bristol and regional offices in
Dundee and Market Harborough.
For more information – www.curtisbanks.co.uk