Santander and Aviva help Banks Sadler profits rise by 50%

Banks Sadler's gross profit has leapt by 50% after retaining business from Santander and Aviva.

Santander and Aviva help Banks Sadler’s profits rise by 50%
Santander and Aviva help Banks Sadler’s profits rise by 50%
The group’s turnover was up 16% on 2009 from £22.52m to £26.8m. Operating profits were up 50% on 2009 from £234,000 to £468,000.

"We are starting to see considerable growth from our overseas offices and this along with the continued healthy performance of our UK offices gives us great confidence that the group will generate significant growth again in 2011 and beyond," said chief executive Leigh Jagger.

"Although trading conditions are still challenging in some areas, new account wins, growth of existing accounts and a very busy second half to our financial year helped ensure we continued to deliver good results."

The Santander and Aviva stories are linked here.

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