The firm, which has offices in Windward House in Route de la Libération, saw profit before tax increase to £1.5 million from £700,000 in 2009. Revenues also increased during the year by £2 million to £10.5 million.
STM has acquired three Jersey businesses in recent years. It bought Zenith Trust last year and Compagnie Fiduciare and St George’s Financial Services in 2008. The STM Jersey business now has 35 staff and an annual turnover of almost
£4 million.
Chief executive Colin Porter said that the Jersey business was now a well-managed and significant contributor to the group’s profitability. The firm has offices in Gibraltar, Spain, Switzerland and Malta as well as Jersey.
