Equiniti Annual Report 2008

Annual report and accounts 2008

Sat 30 May 2009

Equiniti has posted strong total revenue of £140.5 million and operating profit of £27.1 million.

Despite the difficult economic climate, Equiniti has performed well and posted strong results for 2008 with total revenue of £140.5 million and operating profit of £27.1 million.

Equiniti also spent £31.3 million representing 22% of revenue, in information technology and systems to support service levels and enhancements as well as growth.

Throughout 2008 considerable focus has been applied to separating the business from Lloyds TSB and re-shaping the business to ensure that it is fit for its purpose as the leading provider of share registration and employee services, and that the business is well-positioned for future growth aspirations.

Separation from the former parent company involved a complete rebranding exercise and the successful novation of all client contracts from Lloyds TSB to Equiniti.