Jarvis Securities revenue of £1,297,166, a 19% increase versus six months to 30 June 2020

Jarvis Securities plc (LON:JIM) has announced its interim results for the six months ended 30 June 2021.


·    £1,297,166 (19.0%) increase in revenue versus six months to 30 June 2020

·    £1,001,861 (27.9%) increase in profit before tax versus six months to 30 June 2020

·    Cash under administration has increased 17.3% versus 30 June 2020

·    EPS increased to 8.45p (2020: 6.67p)

Chairman’s statement

I am delighted to present a set of results that I believe demonstrates the last year was not a unique period relating to extraordinary market conditions, but evidence of the growth that the business has made, and continues to make, over the past five years.

Trading conditions have been favourable, but we have not seen the extreme volatility and accompanying spikes in daily volumes that occurred in 2020. Share prices have been relatively stable, and the accompanying volumes are at a level I expect to be the considered normal for the foreseeable future. We have been able to capture additional revenue through growth of the business, and as the figures demonstrate the operational gearing within the business allows for much of this revenue to translate into profit. We have onboarded two new institutional clients during the period, our existing institutional clients continue to grow organically, and we have a healthy pipeline of enquiries for our outsourcing, custody and settlement services.

Operationally we have proved resilient in dealing with the various restrictions COVID has placed on businesses and as we move into the next phase of removing restrictions, I am certain we will continue to deal well with the changing circumstances.

Finally, during the period we realised a substantial sum of cash through the sale of treasury shares which had been purchased over several years. We have also, since the period end, filed the court’s approval to cancel the share premium account of Jarvis Securities with Companies House. Once registered, this will have the effect of increasing the distributable reserves and gives additional flexibility for the board to return cash to shareholders.

As always, I would like to thank all staff for their continued hard work.

Key performance indicators (KPI)

The key performance indicators (KPIs) are designed to give stakeholders in the business a more rounded view of the Group’s performance. Further details on the KPIs and their measurement can be found in the last Annual Report. A selection of KPIs and the Group’s results to the interim period for these are detailed below. These results have been annualised from the position at 30 June 2021 where measurement over a year is required.

Profit before tax margin57%53%20%
Revenue per employee (annualised)£257,917£227,574to increase
Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin
Jarvis Securities

More articles like this

Jarvis Securities

Stocks push up despite gloomy data

London stocks had extended gains by midday on Wednesday despite uninspiring Chinese factory data, grim UK shop price inflation and a bleak survey on service sector confidence. The FTSE 100 was up 0.6% at 7,555.83. Figures released earlier

Jarvis Securities

Stocks push higher as L&G rallies

London stocks had extended gains by midday on Friday as data showed that retail sales bounced back in October but remained weaker than before the pandemic. The FTSE 100 was up 0.9% at 7,409.04, while sterling was 0.3%

Jarvis Securities

Stocks rise on US and Asian gains

London stocks rose in early trade on Friday, boosted by stellar gains in the US and Asia after a cooler-than-expected US inflation print, even as data showed the UK economy was facing recession. Also helping sentiment was news

Jarvis Securities

Natural gas pact, inheritance tax, global brands

Germany is keen to talk to Britain about a solidarity pact that would allow Europe’s largest consumers of natural gas to bail each other out if an extreme cold snap were to create shortages this winter, German officials

Jarvis Securities

Miners pace the gains as investors eye Fed meeting

London stocks rallied in early trade on Tuesday, with miners and Ocado pacing the advance, as investors eyed the start of the Federal Reserve’s two-day policy meeting. At 0840 GMT, the FTSE 100 was up 1.5% at 7,197.54,

Jarvis Securities

FTSE 100 movers: NatWest gains; Dechra in the red

London’s FTSE 100 was up 0.2% at 6,939.02 in afternoon trade on Thursday as prime minister Liz Truss bit the dust. NatWest was up after saying it had entered into a strategic partnership with the Vodeno Group to create a banking-as-a-service

Jarvis Securities

London stocks higher in early trade

London stocks were higher in early trade on Thursday, but gains were unspectacular after Fitch downgraded the UK’s credit rating outlook. At 0830 BST, the FTSE 100 was up 0.2% at 7,064.94, while sterling was 0.1% firmer versus

Jarvis Securities

Stocks recover as investors eye US retail sales

London stocks rose in early trade on Thursday, recovering from heavy losses a day earlier, as investors eyed the latest US retail sales data. At 0840 BST, the FTSE 100 was up 0.7% at 7,326.09, having fallen 1.5%

Jarvis Securities

Stocks to rise as investors eye ECB policy announcement

London stocks were set to rise at the open on Thursday following an upbeat session on Wall Street, as investors eyed the latest policy announcement from the European Central Bank.The FTSE 100 was called to open 23 points

Jarvis Securities

Stocks seen up after Tuesday’s losses

London stocks were set to rise at the open on Wednesday following losses in the previous session. The FTSE 100 was called to open 15 points higher at 7,376. Investors were mulling over the latest figures from the British

Jarvis Securities

FTSE gains ahead of Powell speech

London stocks rose in early trade on Friday following a positive session on Wall Street, as investors eyed a speech by US Federal Reserve chair Jerome Powell at the Jackson Hole symposium. At 0820 BST, the FTSE 100

Jarvis Securities

Stocks rise as investors digest UK jobs data

London stocks rose in early trade on Tuesday following a late bounce on Wall Street, as investors mulled the latest UK jobs data. At 0835 BST, the FTSE 100 was up 0.4% at 7,542.15. Figures released earlier by

Jarvis Securities

Stocks tick higher as investors mull GDP data

London stocks edged higher in early trade on Friday as investors mulled the latest UK GDP data. At 0825 BST, the FTSE 100 was up 0.3% at 7,487.20. Figures released earlier by the Office for National Statistics showed the economy

Jarvis Securities

Stocks steady ahead of non-farm payrolls report

London stocks were steady in early trade on Friday as investors eyed the release of the latest US non-farm payrolls report. At 0820 BST, the FTSE 100 was flat at 7,445.75. The payrolls report is due at 1330

Jarvis Securities

Pearson and HSBC pace gains on FTSE 100

London shares were modestly higher in early trading with the buying seen across July having carried over into the start of the month. Some analysts in the City credited “solid” company earnings and a weaker US dollar, as

No more posts to show