Sesame group boosts profits after Bankhall deal

The Resolution-owned distribution giant headed up by Ivan Martin (pictured) generated operating profits of £5m in 2010, compared with £3m the previous year. Sesame acquired Bankhall and PMS, a mortgage broker services provider, in October 2009 and completed the integration of the businesses in the first half of 2010. Resolution says the full-year result for 2010 reflects the combined fees generated by these businesses and is after charging £1m of one-off integration costs related to the consolidation of offices. The 2009 comparative also includes a contribution of £1m from Pantheon...