Cautious Jelf in good shape and pondering further growth

October 19, 2011

Jelf, the Yate-based consultancy which provides a broad range of insurance, financial services and employee benefit services to corporate and individual clients, 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, which has more than 30 branches throughout England and South Wales mainly added through a spate of acquisitions over recent years , will announce its preliminary results for the year ended September 30 on December 13. As well as its head office at Yate, the group also has its Jelf Professions and Jelf Lampier businesses in Clifton and an office in Stoke Gifford.

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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