Business
Final Results for the Year Ended 31 March 2025
Tavistock Investments PLC reported its final results for the year ended March 31, 2025. The adjusted EBITDA was £1.76 million, down from £2.23 million in the previous year, reflecting the planned reduction of the Group's Appointed Representative network and the disposal of two subsidiaries. Gross revenues decreased to £32.63 million from £39.49 million. However, the operating profit after exceptional costs significantly improved to £11.07 million, compared to a £0.4 million loss in the prior year. Cash and cash equivalents stood at £7.40 million, up from £4.12 million. The company completed the disposal of its self-employed network and estate planning business to Saltus for an initial £22 million, with a further £15.75 million due in installments. A 29% increase in the interim dividend payment to 0.09p was made in January 2025, and £5.8 million was spent on share buybacks. The company acquired ABP for an initial £6.75 million, with a maximum potential consideration of £18 million. Disclaimer*
About this update from Tavistock Investments Plc
[{"type":"text","content":"\n\nz\n\n\nTavistock Investments Plc\n(\"Tavistock\" or the \"Company\")\n \nFinal results for the year ended 31 March 2025\n \n18 September 2025\n \nTavistock (AIM:TAVI), the specialist advisory company for retail investors, is pleased to announce its financial results for the year ended 31 March 2025 (the \"2025 Accounts\").\n \n2025 Financial summary\n \n· Adjusted EBITDA of £1.76 million (31 March 2024: £2.23 million)\no EBITDA adjusted to remove the distorting effect of one-off gains and losses arising on acquisitions/disposals as well as other non-cash items\n○ Reflects the planned reduction of the Group's Appointed Representative network\n○ Includes the disposal of two of the Group's subsidiaries during the year which had an adverse impact on Adjusted EBITDA\n· Gross revenues of £32.63 million (31 March 2024: £39.49 million)\n· Operating profit after exceptional costs of £11.07 million (31 March 2024: £0.4 million loss)\n· Cash and cash equivalents at 31 March 2025 of £7.40 million (31 March 2024: £4.12 million)\n· Strategic refocusing exercise with benefits for shareholders\no Completion of disposal of Group's self-employed network and estate planning business to Saltus for initial consideration of £22 million, with the remaining £15.75 million due in two instalments\no Resultant 29% increase in interim dividend payment of 0.09p in January 2025\no £5.8 million spent during the period on share buybacks\no Acquisition of ABP (Alpha Beta Partners) a well-regarded asset management business with an initial £6.75 million payment and maximum potential consideration capped at £18 million\no Binding agreement to acquire 76.6% of Lifetime Financial Management, which has built scalable technology platforms, making appropriate use of AI, to help people, regardless of their financial standing, to make more informed financial decisions.\no Rebranding in progress with Company name to change to Vertex Money Plc in due course\n \nBrian Raven, Group Chief Executive, said:\n \n\"This has been a year of strategic transformation for the Company. FCA research con...