Growth for Chester-based data intelligence firm GB Group as profits hit £10m

An expanding global footprint has delivered profit and revenue growth for identity data intelligence firm GB Group plc (GBG).

The Chester-headquartered business achieved a pre-tax profit of £10m in the 12 months to March 31 2017, up 8% against the previous year’s figure.

GBG’s total revenue for the period stood at £87.5m, an increase of 19.2% against the £73.4m announced in 2015/16.

The company, which announced a multi-million pound acquisition last month, has partly attributed the growth to its increasing presence on the international stage.

Work with banking sector clients including Citibank and DBS (Development Bank of Singapore) has seen GBG expand its operations across the Asia Pacific region and, through BNP Paribas, in Europe and South Africa.

Now, the firm’s international revenues account for 31.1% of its total earnings. Last year, that figure stood at 26.4%.

Chris Clark, GBG’s chief executive, said of the results: “We have made a positive start to the year, with trading in line with management expectations.

“We have also completed a successful acquisition and I am excited about the opportunities this brings.”

He continued: “As this is my first statement as CEO I wanted to thank the GBG team for making me feel so welcome.”

“I am committed to continuing to invest in our people, customers, products and services to provide another positive year for all our stakeholders. I am confident in the direction we are heading as a group and I am looking forward to the year ahead.”