31st Dec 2020 10:42
(Alliance News) - St James House on Thursday said it has seen a "steady performance" across its divisions despite the ongoing impact of the Covid-19 pandemic on business.
The Berkshire, England-based company that delivers products across lottery and e-commerce said sterling to US dollar transactions grew 43% in volume in its payments division between November 27 and December 23, but saw incoming Euro deposits slow to around 18%. The number of active multicurrency accounts grew by 5%, resulting in the company expecting the take up rate to increase significantly in 2021.
St James House said its Prize Provision Services entries saw a small rise in the number of weekly entries over the final quarter of the year. PPS has begun sales operations in the North West from its Liverpool office, and hopes new clients will begin to be recruited early in the new year, it added.
The company said its legal services, St Frances House Ltd, has seen an increase of 78 current live cases, totalling 260 cases as of December 23, with a gross work in progress value of GBP1.1 million.
Chief Executive Graeme Paton said: "The company has managed to maintain performance or grow across all divisions, which given the circumstances with the uncertainty caused by ever changing travel and trading restrictions, the lack of clarity around Brexit causing massive distractions for customers and the usual seasonal break, is a performance that is testament to the dedication and hard work of our people."
Shares in St James House were untraded at 40.00 pence in London on Thursday.
By Zoe Wickens; [email protected]
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