"We have grown significantly the number of customers we help to manage their investments and this has resulted in a strong increase in our revenue and profit."
Andy Bell, chief executive at AJ Bell
Manchester headquartered AJ Bell, one of the UK’s leading investment and pension businesses, saw revenue increase by 24% to £37.0m and profit before tax increase by 27% to £11.2m during the first six months of its financial year (1 Oct 2016 – 31 March 2017). To support this business growth the firm has just completed its move into a new state of the art head office in Salford Quays (picture attached).
The end of the tax year on 5 April is traditionally a busy period for financial services companies and this year passed all previous records with AJ Bell recording over £1bn in new business inflows during the final month of the tax year.
AJ Bell now looks after £36.3bn of investments for 152,000 customers in the UK through a combination of online pensions, Individual Savings Accounts (ISAs), and dealing accounts.
In line with this strong business growth, the company continues to expand its work force and now employs 650 people, the majority of which are based in Manchester.
The move to the new 93,000 square foot head office at 4 Exchange Quay (EQ4) in Salford Quays provides a modern and vibrant working environment for these employees and gives AJ Bell space for further growth, both of the business and its local workforce.
EQ4 was designed and fitted out in conjunction with another Manchester based firm TSK. The emphasis is on agile and collaborative working in order to deliver first class service to AJ Bell’s customers. Staff played a big part in the development of the new workspace with ‘champions’ selected from each business area to engage employees with the move.
As well as a state of the art work space the office includes a gym, relaxed break out areas, a roof terrace and a dining area and lounge which will transform in to a bar for staff once a month.
AJ Bell has also teamed up with Transport for Greater Manchester in order to deliver enhanced facilities at EQ4 for staff cycling to work and to offer staff season ticket loans to help them take advantage of local public transport links to commute to the new office.
Andy Bell, co-founder and chief executive at AJ Bell, comments:
“The first half of the year has been very strong for us which is primarily a result of the hard work and dedication of our people. We have grown significantly the number of customers we help manage their investments and this has resulted in a strong increase in our revenue and profit.
“This enables us to invest further in the ongoing growth of our business and the move to the new HQ at Exchange Quay is part of that. We expect the move to help facilitate further growth both in terms of new business and local employment opportunities for people in Manchester.”