Oakleaf Partnership reports record net fee income for its second quarter ended 30.09.17.
Net Fee Income has increased by 24% compared to Q1 and 41% up on Q2 2016. All business sectors in the company grew by at least 21% year on year, with extraordinary growth in its newer business areas of Payroll, Human Capital Services and its Birmingham office. The company’s operating profit for the quarter was also a record with a conversion ratio for Q2 of 20%.
Richard Colgan, Founder and CEO stated: “I am really happy with the direction of travel in H1 and the Q3 pipeline is as strong as we have known it. I am particularly pleased with the performance of our newer business areas. The traditional summer slowdown failed to materialise this year and business flow remained strong. Our leadership team is in excellent shape and we are looking forward to another strong six months’ trading”. Colgan continued: “Whilst I am, of course, delighted with the business performance in H1, we never take anything for granted and I will ensure we remain “on our A game” at all times”.