Revenue up 32% at Lombard Risk

Lombard Risk’s results for the year to 31 March 2011, confirm it has well and truly turned the corner after its return to profitability at the half-year point (see here). Revenue is up 32% (all organic) to £11.8m, on which it made a pre-tax profit of £0.6m, compared to a £1.6m loss last year. CEO John Wisbey is also rightly pleased with the cash generation, which is up 154% to £1.8m in the year.

The provider of ‘collateral management, liquidity and regulatory reporting and compliance software for the financial services industry’ has seen trading improve throughout 2011 and across the business. Having strengthened its management team and invested in its products, Lombard Risk exits FY11 with greater confidence, a stronger balance sheet and an encouraging sales pipeline. It looks set to grow further in the year ahead thanks to continued demand for regulatory compliance and risk management applications and its increased geographic reach.