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Ravenscroft’s share price and revenue have increased by more than 35% each.
The 2021 annual report figures for the investment company showed that revenue was up to almost £40m and the share price at the end of the year was £8.50.
Profits, assets under administration and dividend prices followed the same upward trend, as the company recorded almost a 50% increase in trading profits, which now sit at nearly £10m.
Assets under administration increased by 13% to £8.76bn and shareholders will receive a 17p dividend, which is in addition to the 10p per share received in the first half of 2021.
Ravenscroft Chairman Dominic Jones was appointed in July after majority shareholder Stephen Lansdown retired from the board.
“A year ago, there was the general expectation that, by now, things would have largely returned to normal, and while there have been steps in the right direction, there has still been a great deal of uncertainty,” said Mr Jones.
“Our clients’ and shareholders’ interests are at the centre of everything we do, so to once again reach many of our performance targets and deliver this level of value is testament to the incredible efforts of all of our teams.”
Pictured: Ravenscroft's revenue was close to £40m for the year ended 2021.
The company has seen more than £300m introduced by new clients over the year and has continued to expand its range of investment funds, with the onshore launch of the cautious income and growth funds and the diverse property income fund, which is part of its specialist fund management offering.
Mr Jones acknowledged the importance of continued involvement and support of local communities across the Channel Islands, Isle of Man and UK.
Ravenscroft continued its headline sponsorship as principal partner of Bristol Bears for the 2021/2022 season and has also sponsored numerous sporting teams, individuals, and development programmes, community and business events, and arts and culture initiatives including the Jersey Swimarathon, the Isle of Man IoD, Guernsey FA’s Football for Everyone, Guernsey Cricket’s Future Stars and Isle of Man’s CricStart programmes and Bishop’s Stortford Hockey Club and Community Football Club.
Ravenscroft Chief Executive Officer Jon Ravenscroft added: “This year has not been without its challenges, but thanks to the loyalty of our clients, trust from our shareholders and commitment and effort from our dedicated staff, we’re pleased to be able to report another record-breaking year for the group.
“We’ve seen strong growth across almost the entirety of the business, and I am confident that this trend will continue in the coming years.”
Pictured top: Ravenscroft Chairman Dominic Jones.
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