Business
Results for the year ended 31
Results for the year ended 31.
About this update from Jarvis Securities Plc
[{"type":"text","content":"\n RNS Number : 9139G Jarvis Securities plc 10 February 2010 \n \n\n10 February 2010\nJarvis Securities plc\n(\"Jarvis\" or \"the Company\" or \"the Group\")\n \nRESULTS FOR THE YEAR ENDED 31 DECEMBER 2009\n \nHIGHLIGHTS\n \n· Average daily trade volume up 64% on the prior year\n· Derivatives income up 88% on 2008\n· Profit before income tax excluding bad debts £1.8M\n· Client cash balances up 108% on 31 December 2008\n· Total client assets administered up 155% on 31 December 2008\n· Client numbers have grown 29% during 2009\n· Revenue excluding interest share up 13% on the prior year\n \nEnquiries: \n \nJarvis Securities plc Tel: 01892 510515 \nAndrew Grant \nMathew Edmett \n \nArbuthnot Securities Tel: 020 7012 2000 \nAlasdair Younie \n \nNotes: \nJarvis Securities plc is the holding company for Jarvis Investment Management Limited (AIM: JIM.L) a stock broking company and outsourced service provider for bespoke tailored financial administration. Jarvis was established in 1984 and is a member of the London Stock Exchange; a broker dealer member of PLUS Markets, authorised and regulated by the Financial Services Authority and an HM Revenue & Customs approved ISA manager. Jarvis has more than 40,000 retail clients and a growing number of institutional clients. As well as normal retail broking Jarvis provides cost effective and flexible share trading facilities within ISA and SIPP wrappers. \n \nJarvis provides outsourced and partnered financial administration services to a number of third party organisations. These organisations include advisers, stockbrokers, banks and fund managers. Jarvis can tailor its administration processes to the requirements of each organisation and has a strong reputation for flexibility and cost-effectiveness.\n \nCHAIRMAN'S STATEMENT\n \nThis year saw the 25th anniversary of the formation of our trading subsidiary, Jarvis Investment Management Limited. It is interesting to reflect on all the ups and downs that the market and indeed, our business, has experienced ov...