Business
FY21 Unaudited Total Income - Strong end to FY21
FY21 Unaudited Total Income - Strong end to FY21.
About this update from Cavendish Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5816U\n finnCap Group PLC\n 07 April 2021\n \n \n \n \n For immediate release\n \n \n 7 April 2021\n \n \n \n \n \n finnCap Group PLC\n \n \n FY21 Unaudited Total Income - Strong end to FY21\n \n \n Further to its announcement of 3 March 2021, finnCap Group PLC (\"finnCap\" or the \"Company\" or the \"Group\"), a leading provider of strategic advisory and capital raising services to growth companies, is delighted to confirm that unaudited total income for the year ended 31 March 2021 is expected to be approximately £47.3m, an increase of 83% over the prior year.\n \n \n Performance in March has been stronger than expected across all parts of the Group with the successful completion of further equity fundraisings, private M&A transactions and the Group's fourth IPO of FY21. \n \n \n The unaudited divisional performance is set out below:\n \n \n \n \n \n \n Year to 31 March\n \n \n \n \n \n \n \n 2021\n \n \n \n \n 2020\n \n \n \n \n \n \n \n \n \n (unaudited)\n \n \n \n \n \n \n \n £m\n \n \n \n \n £m\n \n \n \n \n %\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenues\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Retainer income\n \n \n \n \n \n \n \n 6.4\n \n \n \n \n 6.5\n \n \n \n \n -2%\n \n \n \n \n \n \n Transactions\n \n \n \n \n \n \n \n 21.1\n \n \n \n \n 8.6\n \n \n \n \n 145%\n \n \n \n \n \n \n Institutional stockbroking\n \n \n \n \n \n \n \n 6.7\n \n \n \n \n 3.6\n \n \n \n \n 86%\n \n \n \n \n \n \n Capital Markets\n \n \n \n \n 34.2\n \n \n \n \n 18.7\n \n \n \n \n 83%\n \n \n \n \n \n \n M&A advisory\n \n \n \n \n \n \n \n 12.2\n \n \n \n \n 7.3\n \n \n \n \n 67%\n \n \n \n \n \n \n Total Revenue\n \n \n \n \n \n \n \n 46.4\n \n \n \n \n 26.0\n \n \n \n \n 78%\n \n \n \n \n \n \n Other Income\n \n \n \n \n \n \n \n 0.9\n \n \n \n \n -0.1\n \n \n \n \n \n \n \n \n \n Total Income\n \n \n \n \n \n \n \n 47.3\n \n \n \n \n 25.9\n \n \n \n \n 83%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Sam Smith, CEO commented:\n \n \n \"The Group continued to perform strongly in March, surpassing our expectations. We acted on secondary equity issues rai...