Cavendish plc, a leading UK investment bank, has reported expected revenues of approximately £55 million for the financial year ended 31 March 2025, in line with the previous year on a like-for-like basis.
The company maintained profitability throughout both halves of the financial year, demonstrating the appeal of its service offering across public and private markets.
Despite challenging market conditions, Cavendish increased its market share in public markets, completing the last UK IPO of 2024 and the first of 2025.
However, the general malaise in UK public markets has seen Cavendish increase their focus on the UK’s private markets where they have ongoing relationships with 150 UK private equity firms.
The firm said its private markets business delivered particularly strong revenue growth, reflecting the strength of its advisory capabilities and continued demand for high-quality execution in this segment.
Cavendish has recently opened offices in Manchester and Birmingham to strengthen their regional presence and better serve their private market clients.
The company enters the new financial year with £21 million in net cash and more active mandates than at the same point last year.