Cavendish plcLSE: CAV

Cavendish: Half Year Trading Update

· Issued by Cavendish plc via RNS

Summary by 6ix AI

Cavendish plc, a UK investment bank, said group revenue for the six-month period ended September 30, 2026 is expected to be about £22.8m, against what it describes as a backdrop of increased macroeconomic challenges.

Key details

  • Cavendish says its revenue mix remains balanced across its service lines, including public and private M&A (mergers and acquisitions), ECM (equity capital markets, meaning helping companies raise money through shares) and trading.
  • It was active in the London Stock Exchange's new Private Securities Market, including transactions for Veremark, Moneybox, Wayve and Oxford Science Enterprises.
  • Cavendish says it supports the largest number of AIM-quoted companies (AIM is the London Stock Exchange's market for smaller, growing companies) and has continued to increase the average market value of its retained clients.
  • It says it won a noticeably higher number of new private M&A and private growth capital mandates in the period.
  • Cavendish says it has a pipeline of public and private transactions, including IPOs (initial public offerings, meaning first-time share listings), and will continue strict cost controls.

What’s still pending

  • The £22.8m revenue figure is an expected figure for the period, not a final reported result.
  • Cavendish says completion timetables for deals, and therefore revenue visibility, remain difficult to predict.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/half-year-trading-update-121

Watch Cavendish's latest callCavendish (LSE:CAV) — 2025 Full Year Results - "A year of progress and profitability" · Replay · Jul 7, 2025Read the transcript of Cavendish (LSE:CAV) — 2025 Full Year Results - "A year of progress and profitability"
Cavendish PLC
13 October 2026
 

The 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. 

13 October 2026

Cavendish plc
(“Cavendish” and together with its subsidiary undertakings, the “Group”)

Half Year Trading Update

Cavendish, a leading UK investment bank, today issues a trading update in respect of the six-month period ended 30 September 2026.

Against the current market backdrop of increased macroeconomic challenges, the Group revenue for the period is expected to be about £22.8m.

Our revenue mix remains balanced across all service lines including public and private M&A, ECM and trading activity. We have been active in the LSE’s new Private Securities Market, including Veremark, Moneybox, Wayve and Oxford Science Enterprises transactions. The Group has maintained its market leading position, supporting the largest number of AIM quoted companies and has continued to increase the average market capitalisation of retained clients. Investment in our origination capability is delivering results, with a noticeable step up in the number of new private M&A and private growth capital mandates won in the period.

Outlook

Despite challenging conditions in the year to date, we are increasingly seeing good prospects being generated from several areas of targeted investment in the prior periods, including our business outside London.  We have a healthy pipeline of both public and private transactions, including IPOs. However, as we have seen in the first half of the year, completion timetables, and therefore revenue visibility, remain difficult to predict. Against this backdrop, we will continue to exercise strict cost controls.

Contacts

Cavendish (Management)    Tel: +44 (0) 20 7220 0500

Julian Morse, Co-Chief Executive Officer   investor.relations@cavendish.com

John Farrugia, Co-Chief Executive Officer   

Ben Procter, Chief Financial Officer

Spark Advisory Partners (Nominated Adviser)  Tel: +44 (0) 203 368 3550

Matt Davis

Cavendish (Broker)     Tel: +44 (0) 20 7220 0500

Matt Lewis

Hudson Sandler (PR adviser)    Tel: +44 (0) 20 7796 4133

Dan de Belder/Rebekah Chapman

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