Ravenscroft saw a 40% increase in turnover last
year according to its 2014 results published last week.
The company, which was founded in Guernsey in 2005 and is the
only locally-owned independent stockbroking and investment
management company in the Channel Islands, saw turnover grow from
£8.1 million at the end of 2013 to £11.37 million at
the end of 2014. Profit before tax increased 55% to £2.35
million with assets under administration increasing 26% to
The board is proposing an eight pence per share dividend to
shareholders in addition to the four pence interim dividend, three
pence more in total than was paid in 2013.
"Ravenscroft Limited had an extremely successful 2014 and
to see significant increases across turnover, profit before tax and
assets under administration is testament to the hard work and
loyalty of our staff and to the approach the company takes. I will
however always say that without the loyalty and support of our
fantastic client base none of this would be possible," said
Group Chief Executive Jon Ravenscroft.
"The company is now 10 years old and is almost
unrecognisable from when it began but our commitment to having a
simple investment approach that delivers results remains and is the
foundation of our success."
In the annual report, Ravenscroft highlights a number of
significant achievements during 2014. As investment manager to
Bailiwick Investments Limited and the Channel Islands Property
Fund, Ravenscroft was involved in a number of major transactions.
These included the sale of the trust and fund administration
businesses of Legis Group Holdings, the acquisition of Aircraft
Servicing Guernsey Limited, the raising of £42 million in
equity and bank finance to acquire Jacksons CI Group and the
raising of £51 million in equity and bank finance to acquire
Glategny Court in Guernsey and 40 Esplanade in Jersey.
Ravenscroft itself also acquired a 75% stake in A Vartan Limited, a
Peterborough-based private client stockbroker with £282
million worth of assets under administration which gives the
company access to the UK market.
"Our investment management team continues to deliver a
quality product to our investor base and launched a well-supported
direct equity fund during the year. Our advisory and execution-only
businesses based in Guernsey and Jersey remain very much the engine
room of the group, and having performed well during the year,
allowed Ravenscroft to push forward in other areas, such as
corporate finance," said Mr Ravenscroft.
"It's also pleasing to say that our Jersey operation
produced a profit after the 2013 loss and under Haydn Taylor's
leadership, we are sure we will continue to see growth in 2015. The
appointment of Charlie Roger as chief executive officer, Channel
Islands, will also be invaluable as we take the company to the next
stage of its development."
Mr Ravenscroft added that the signs for 2015 were already
"There are definitely signs that the increased levels of
activity we saw at the end of last year across all areas of the
business are continuing. We have a good pipeline of transactions
which we expect to complete in the first half of this year and
through the newly-named Vartan Ravenscroft Limited, we will be
looking at new opportunities in the UK. It's an exciting time
for the company, our staff, clients and shareholders."
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