B.P. MARSH & PARTNERS PLC (BPM) — Annual Results for the year ended 31 January 2026

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the B. P. MARSHAN PARTNERS PLC Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the Q and A tab situated on the right hand corner of your screen. Just simply type in your questions and press send. Before we begin, I'd like to submit the following poll. And then I'll hand you over to Dan Topping, CEO. Good morning, sir. Good morning, everyone, and thank you for joining us. I'm Dan Topping, the CEO of B. P. Marsh, and I'm joined today by Francesca Chappell, our CFO. Today, we'll be taking you through the group's annual results for the full year ended 01/31/2026. It's been another strong year for B. P. Marsh, one that demonstrates both the quality of our portfolio and the steady compounding that comes from doing the same thing well for a very long time. Turning to Slide two, just to remind everyone of who we are and how we operate. We're a specialist investor in small to medium financial services businesses, predominantly insurance brokers and managing general agencies, at a scale in terms of start up or early stages where alternative funding is difficult to obtain. We've invested in 70 companies since inception with 24 active investments in the portfolio and we've been listed on AIM since 2006. Our edge is what we call bridging the gap. We invest at the enterprise value stage that sits between venture capital and mid market private equity. Typically, that means initial investments of up to 5,000,000 for 20% to 40% minority stakes in businesses with an enterprise value of between 0 and 25,000,000 at entry. Again, the focus is predominantly at the zero and as opposed to the 25,000,000 end. Our team brings decades of sector knowled...