Rolfe & Nolan Group's Chief Executive, Bob Freeman, commented: "It is most gratifying that we have been able to achieve our best ever result in our first year as a private company whilst also investing over £2m in our back and front-office initiatives, Merlin and Edge. Our licence renewal for another five years of a long-standing global client, HSBC, illustrates the strength of our commercial relationships. Our backers, HgCapital, have given unstinting support to our development plans and the business is exceptionally well-positioned for future growth.
"The new financial year has also started well and we have secured licence
renewals with other major clients, including Commerzbank, Goldenberg-Hehmeyer, Triland USA and Pioneer Futures. These wins, together with our high recurring revenue stream and new managed services and product initiatives give us exceptional visibility for a further material improvement on last year's excellent result against a backdrop of a growing and vibrant derivatives marketplace".
The Company is expecting a substantial increase in revenue and profitability
for the current financial year.