The independent institutional stockbroking firm, Cenkos Securities saw post-tax profits increase 88% from £1.8m to £3.4m in 2021 with the addition of 17 new clients.
The pre-tax profit increased by 75% to £4m in 2021 while revenue grew from £31.7m to £37.2m.
Cenkos completed 34 transactions which raised £1.2bn for their clients in 2021.
Cenkos’ total dividend is 4.25p including a final dividend of 3p in 2021 compare to a total dividend of 3.5p in 2020.
The company’s net assets and cash balance increased by £1.4m and £0.7m to £27m and £33.5m in 2021.
The firm’s net finance cost has seen an increase from £146,000 to £154,000 in 2021 mainly due to the interest income reducing to £17,000 from £30,000.
Cenkos Securities enjoyed a bumper trading period on the AIM, completing 34 IPOs and secondary fundraises, raising £1.2bn for clients.
Cenkos noted AIM had it’s strongest year since 2007 as £8.7bn was raised for companies through IPOs and secondary issues.
“I continue to firmly believe in AIM as the destination of choice for ambitious companies,” said Lisa Gordon, Chairman, Cenkos Securities.
“Cenkos can rightly claim a leading adviser position on AIM and we are committed to continuing to source and create high quality investment opportunities for the benefit of our clients, shareholders and employees.”
Since the beginning of 2022, the company has already completed 3 IPOS, 4 placings and 2 M&A transactions.
Julian Morse, Chief Executive Officer, Cenkos Securities said, “I am pleased to report that a continued focus on client service levels, recruiting and retaining quality talent and a disciplined approach to costs have enabled us to thrive during 2021.”
“In what remained unchartered social and economic times, these remained the foundation from which we supported our clients and colleagues to achieve their aims. ”
“We continue towards our objective of being the first-choice partner for growth to ambitious companies seeking equity capital.”
Cenkos Securities’ shares were flying 16% to 69p in early morning trade on Friday.