Results Centre

A snapshot of our most recent results.

We have increased first-half revenues by 24%, returned the Group to a profitable H1 trading position, and our cash position has been significantly strengthened over the last twelve months.
Interim Results 2025
Additional information
  • Operational summary
  • Financial summary
  • Current Trading and Outlook
  • 39% growth in H1 transactional brokerage income from our UK and International operations
  • 20% increase in Valuation and Business Appraisal revenues
  • 8% growth in our finance brokerage income
  • 7% growth in our general insurance book with 90% client renewal rates achieved
  • Growth achieved in our hospitality stock audit business, despite sector challenges with absorbing increases in employers’ national insurance
  • 16% growth in first half revenues from our visitor attraction software business
  • 14% increase in H1 employee benefit costs attributable to income-linked incentive payments and growth in PFS division headcount
  • 24% growth in revenues (£6.6m) from continuing operations to £34.8m (2024: £28.1m)
  • H1 operating profit from continuing operations of £1.3m (2024: £0.4m loss)
  • Strong performance in PFS division with revenues up by 29% to £28.7m (2024: £22.3m)
  • SISS revenues up by 5% to £6.1m (2024: £5.8m)
  • Significantly improved cash balance at the end of H1 with cash and cash equivalents of £5.0m (2024: £0.9m negative)
  • Net funds improved by £7.4m to £5.0m (2024: net debt of £2.4m)
  • Both defined benefit pension schemes remain in surplus with no ongoing cash cost
  • Earnings per share of 2.63p (2024: 3.51p negative)
  • The Board has declared an increased interim dividend of 0.75p (H1 2024: 0.50p per share) reflecting the improved H1 performance
  • Group begins H2 with transactional brokerage pipelines 15% higher than the start of the year and 10% up on H1 2024
  • Finance brokerage activity is also encouraging with strong instruction levels throughout H1 and a pipeline at 30 June 2025 10% higher than the start of the year
  • Investment and lending appetite into our sectors remains robust
  • Board anticipates delivery of a full year performance in line with expectations

First-Half Headlines

Revenue
£34.8m
Operating profit
£1.3m
Profit before tax
£0.9m
Basic earnings per share
2.63p

Previous Results

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