Business
H1 22 Unaudited Revenues - strong growth on H1 21
H1 22 Unaudited Revenues - strong growth on H1 21.
About this update from Cavendish Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8235N\n finnCap Group PLC\n 04 October 2021\n \n \n \n \n For immediate release\n \n \n 4 October 2021\n \n \n \n \n \n finnCap Group PLC\n \n \n H1 22 Unaudited Revenues - strong growth on H1 21\n \n \n Further to its AGM statement on 23 September 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 revenue for the six months ended 30 September 2021 is expected to be approximately 31.8m, an increase of 55% on the prior period.\n \n \n The unaudited divisional performance is set out below:\n \n \n \n \n \n \n \n \n \n Six months to 30 September\n \n \n \n \n \n \n \n H1 22\n \n \n 2021\n \n \n \n \n H1 21\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 3.2\n \n \n \n \n 3.2\n \n \n \n \n 0%\n \n \n \n \n \n \n Transactions\n \n \n \n \n \n \n \n 8.7\n \n \n \n \n 10.1\n \n \n \n \n -14%\n \n \n \n \n \n \n Institutional stockbroking\n \n \n \n \n \n \n \n 3.7\n \n \n \n \n 3.1\n \n \n \n \n 19%\n \n \n \n \n \n \n finnCap Capital Markets\n \n \n \n \n 15.6\n \n \n \n \n 16.3\n \n \n \n \n -4%\n \n \n \n \n \n \n finnCap Cavendish\n \n \n \n \n \n \n \n 16.2\n \n \n \n \n 4.2\n \n \n \n \n 286%\n \n \n \n \n \n \n Total Revenue\n \n \n \n \n \n \n \n 31.8\n \n \n \n \n 20.5\n \n \n \n \n 55%\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 Sam Smith, CEO commented:\n \n \n \"We closed 4 further M&A deals between our AGM update on 23rd September and the end of the first half of the year and group revenue is up 55%. In H1, we raised £243m of equity for clients, advised on 5 public company M&A transactions with an aggregate value of nearly £500m and on 13 private M&A transactions with an aggregate value of £1 billion.\n \n \n Our finnCap Capital Markets team performed well - in a comparatively qui...