Curtis Banks Group achieved an operating profit of £1.631million and administered 67,161 Sipps in the six months to the end of June.

The company’s profits were up from the same half-year period last year from £1.41million.

The number of Sipps administered rose significantly from 26,755 in the same six-month spell in 2015.

The interim results, released this morning, cover the period for the acquisition of Suffolk Life.

The number of SSAS administered also increased, from 297 last year to 338. The SSAS numbers were higher for the first half of this year than the whole of 2015 (326).

Chris Banks, chairman at Curtis Banks, said: “The first half of 2016 will always be remembered for the acquisition of Suffolk Life. It has been a transformational acquisition and one which presents considerable long term opportunities for the group.

“It is equally important to recognise the progress within the business aside from the Suffolk Life headlines. Curtis Banks has successfully integrated the previous acquisitions and is in a very strong position to continue as a specialist administrator in a changing market. We are all very optimistic about our prospects.”

Curtis Banks employs approximately 540 staff in its head office in Bristol and regional offices in Ipswich, Dundee, Salisbury and Market Harborough.

The company commenced trading in 2009.