Simon Thompson 

STM cashed up for acquisitions and organic expansion

Simon Thompson

Simon Thompson

I had an informative results call this morning with the directors of Aim-traded STM (STM:42p), a company that is expanding both its UK and international self-invested personal pensions (Sipps) operations. The headline numbers make for a good read with STM’s interim pre-tax profit up from £2.1m to £3.4m, albeit that included a net £1.6m bargain purchase gain from the February 2019 acquisition of Carey, a UK Sipp business that has more than 4,000 members and assets under administration of £898m.

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