Cautious Jelf in good shape and pondering further growth

October 19, 2011
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Jelf, the diversified financial consultancy with a major office near Swindon, is expected to report that it has traded well in the second half of the year with results in line with market expectations, despite the continued economic downturn.

The group, based at Yate, near Bristol, provides a broad range of insurance, financial services and employee benefit services to corporate and individual clients. Its employee benefits business has a base in Wootton Bassett.

The group has more than 30 branches throughout England and South Wales mainly added through a spate of acquisitions over recent years including the 2006 takeover of Auto Business Solutions, based in Chippenham.

The group will announce its preliminary results for the year ended September 30 on December 13.

In a statement to the Stock Exchange it says net debt has considerably reduced and, although the board remains cautious about the economic outlook, it is appraising a number of investments aimed at generating future economic growth.

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