Statpro moves up a gear

Statpro has moved towards becoming a purely cloud-based analytics service provider for investment professionals keen to avoid the expense of developing their own analytics platform - customer numbers using the Statpro Revolution service more than trebled to 156. Crucially, the number of fund administrator partners, who act as re-sellers of the service, grew from 10 to 21. Management has also recognised that many clients like to source as much information as possible from one supplier. So, to become a better one-stop shop, Statpro has established a partnership with a major data provider, meaning clients now have access to a more comprehensive data base through using Statpro’s Revolution platform. Chief executive Justin Wheatley reckons that demand will also be underpinned by more onerous compliance and regulatory obligations, notably risk assessment - largely a non-discretionary cost.

Broker Cenkos thinks rising investment costs will reduce current year adjusted pre-tax profit to £3.9m, with EPS of 4.6p, before rising in 2014 to £4.5m and 5.1p (2012: £5m/5.9p).