THE YEAR IN REVIEW

A challenging and difficult first half due to macroeconomic headwinds, with a recovery underway in H2

“2023 was a challenging and extremely disappointing year for the Group as the effects of continual increases in interest rates and high inflation led to a significant reduction in the volume of business sales. However, our recovery is in progress and activity levels are encouraging, with our UK transactional brokerage pipelines now strongly ahead of this time last year and our finance brokerage business experiencing strong demand. Nonetheless, the expected timing of many of those transactions points to a second-half weighting to our 2024 performance.”

Dan Prickett
Chief Executive

26 Apr 2024

Headlines for the year

Revenue

£65.9m


(2022: £69.2m)

Operating loss pre non-recurring board changes & restructuring costs

£(0.6)m


(2022: £5.5m operating profit)

Earnings per share

(14.79)p


(2022: 12.32p)

Sold in excess of 800 businesses during the year
Valued over £9bn worth of businesses in the year
Ended the year with positive net funds and no debt
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