Annual Results 2023: Proud to be a JTC Group Company

The parent company of perfORM Due Diligence Services has announced another set of excellent annual results for the year ended 31 December 2023.

Listed on the FTSE 250, JTC reported a 28.7% increase in total revenue to £257.4m as well as an improved underlying EBITDA margin of 33.4%, continuing its exceptional uninterrupted 36-year record of profitable growth.

perfORM joined JTC in October 2021 and will this year celebrate three years as a JTC Group company.

Looking further into the annual report, net organic revenue rose by 19.9% well ahead of the Group’s 8% – 10% medium term guidance, with record new business wins of £30.8m.

As mentioned by JTC Group CEO in the Chief Executive’s Report, “The innovative perfORM Operational Due Diligence business has scaled well, with expansion in the US and Europe, as well as the UK, creating a large number of cross-selling opportunities.”

Speaking about the results, Quentin Thom, Co-Founder and Co-Head of perfORM, said:

“We are thrilled to be part of such positive results for 2023. This achievement is a testament to the hard work and dedication of our entire team, as part of the wider JTC Group and our consistent determination to deliver value and reliability to our clients.”

“We are confident that by continuing to focus on identifying market challenges, we will achieve even greater things in the years to come.”

James Newman, Co-Founder and Co-Head, added:

“Looking ahead, we are excited at potential opportunities. Our team has continued to grow and adapt through the company’s history and I would expect this to continue.”

Read the full annual report here.