Business
Full Year Trading Update
Full Year Trading Update.
About this update from Cavendish Plc
[{"type":"text","content":"\n\n \n \n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. \n4 April 2025\nCavendish plc (\"Cavendish\" and together with its subsidiary undertakings, the \"Group\")\nFull Year Trading Update\nConsistently Profitable During FY25\nCavendish, a leading UK investment bank, today issues a trading update for the year ended 31 March 2025 (\"FY25\").\nFY25 Financial performance\nFY25 Group Revenues are expected to be approximately £55m, in line with FY24 on a like-for-like basis*, with Cavendish having been profitable in both halves of the financial year, demonstrating the broad appeal of our service offering and efficiency of our platform in both public and private markets.\nNet cash balances were £21m at 31 March 2025. The Board believes that a strong cash-rich balance sheet provides financial resilience for the Group and allows us to continue to build our business for the benefit of all our stakeholders.\nMarket share increased in our public markets business despite challenging market conditions. Cavendish transactions completed during FY25 included the last UK IPO of calendar year 2024 and the first of 2025, and the solid pipeline of transactions in train includes further IPOs. We continue to rank first for the number of growth companies we support on AIM and to add to our portfolio of Main Market clients.\nOur private markets business delivered very strong revenue growth during the period, reflecting the strength of our advisory capabilities and the continued demand for high-quality execution in this segment. The recent opening of offices in Manchester and Birmingham has enabled us to further deepen our regional presence, supported by the addition of high-calibre teams in both locations. We enter the new financial year with a higher number of active mandates than at the same point last year, and we remain confident in our ability to sustain momentum.\nA...