Oberon Investments Group plc (AQSE:OBE), the boutique investment management, wealth planning and corporate broking group, has announced its results for the year ended 31 March 2022.
|· Funds under Management and Administration (‘FUMA’) increased 80% to in excess of £1bn (2021: £550m)|
|· Revenue increased 75% to £6.7m (2021: £3.8m) with growth across all divisions|
|· EBITDA loss reduced by 63% to £236,118 (2021: £632,757)|
|· Completed acquisition of wealth planning and financial advisory firm Smythe House, further increasing and diversifying Oberon’s offering to clients|
|· Oversubscribed fundraise of £3.4m in March 2022|
|· Oberon Capital continued growth, receiving Corporate Advisor status on Aquis, completing its first two IPOs and increasing the number of retained clients to 13 (2021: 3)|
|· Considerable capital investment made in, (i) new client technology platform, (ii) operational investment in compliance tech systems, and (iii) investment in new personnel and support|
Simon McGivern, CEO of Oberon Investments Group, commented: “We are pleased to report another year of strong growth across all divisions. The results reflect the hard work of all our teams and, most pleasingly, the vast majority of this growth is organic, demonstrating the increasingly attractive product and services that we are offering our clients.
“Our investment in systems and operations has given us a strong foundation to continue and control our growth in the coming years. Oberon Capital continues to selectively choose opportunities, and having integrated the team at Smythe House, we are now rolling out its wealth planning services to our client base and beyond. In 2022, we aim to launch new services and products, such as the Oberon EIS fund and Inheritance Tax Portfolio service.
“We will continue to consider various acquisitions, both of teams and companies. While the current markets and macro-economic conditions are demanding, the Board is focussed on picking opportunities, controlling costs and seeking both organic and acquisitive growth for the next 12 months and beyond.”