Ravenscroft annual report released - adds more than £1.5 billion to assets

Friday 27 April 2018

Ravenscroft has grown its assets under administration to £4.44 billion – an increase of 55% in 12 months - its annual report has shown.

It showed group revenue has increased by 15% to £20.00m, the first time it has reached £20m since the business started 12 years ago, with recurring revenues up 50% from £7.61m in 2016 to £11.45m in 2017.

Gross profit increased by 14% to £17.21m and the board has declared a dividend of 12p per share making an annual dividend of 17p per share.

"These are impressive results which have come about through hard work, a drive to do the very best for our clients and a commitment to ensure that we continue to diversify the company to ensure it can offer investors a choice of investments that will meet their long-term objectives," Chairman Stephen Lansdown said.

"We have been fortunate to have a rising stock market with the FTSE 100 finishing the year at a record high and the MSCI All-Country World Index rise in every single month for the first time ever. We have however seen volatility in recent months but I am confident that with the team we have that we can continue to deliver above market average returns for our clients."

As well as launching a treasury service and onshore versions of two of its Huntress funds, the year also saw Ravenscroft backing a management buy-out of D2 Real Estate and acquire a 50% stake in the company to strengthen its property proposition. It also acquired 100% of Guernsey Mint Refined Limited, which trades as BullionRock, to enable it to offer precious metals as an alternative asset class. 

"It really has been an incredible year with a number of highlights which reflect the diversity of the group," Group Chief Executive Officer Jon Ravenscroft added.

"We are now so much more than the stockbroking and investment management company we were a decade ago. Ravenscroft has grown and developed into a business that has an investment option for everyone whether that’s buying a silver bar for your child’s christening, investing money for school fees, weddings and first homes, saving for retirement or buying stocks to grow and protect wealth."

As a result of the company’s growth, it has recently been announced that as part of a restructure a new listed parent company called Ravenscroft Holdings Limited has been established and has acquired the entire share capital of Ravenscroft Limited.