STM Group expects 2020 revenues of £24 million

STM Group plc (LON:STM), the multi-jurisdictional financial services group, has announced, in line with existing guidance provided in the trading update on 30 November 2020, that it expects to report 2020 Revenues of £24.0m, EBITDA of £3.6m, PBT of £2.0m and net cash of £15.5m. These estimates remain subject to any audit adjustments. 

STM expects to announce results for the 12 months to 31 December 2020 in early April 2021.

The Company also announces that Therese Neish has notified the Board of her intention to step down as Chief Financial Officer and resign from the Company. A search will commence immediately for a new CFO, to be based in the UK.  The Board expects to make an appointment within Therese’s notice period to allow ample time for an orderly handover and will update the market accordingly in due course. 

Therese has been with STM for over 17 years, serving as CFO and a member of the Board for the last 7 years, and her decision to step down reflects her view that now is the right time to hand over the role and allow her to explore other career opportunities.  

Alan Kentish, Chief Executive Officer of STM, commented:

“We would all like to thank Therese for her contribution during a period where we have significantly transformed the business and made a number of complementary acquisitions. 

“We are grateful for her ongoing support in ensuring a seamless transition during the appointment and on-boarding of a successor and wish her the very best for the future.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
STM Group

More articles like this

STM Group plc

Pension Awareness 2023

Pension Awareness is back. Bigger than ever. Better than before. We’re celebrating 10 years of making a positive difference. Over the last decade, we have contributed to helping and improving the financial lives of millions of people. An incredible achievement. Get involved from 11th –

STM Group plc

STM Group further updates on PSF Capital offer

STM Group plc (LON:STM) has provided the following update. On 11 July 2023, the Company announced (the “2.4 Announcement”) that it was in discussions with PSF Capital GP II Limited as general partner of PSF Capital

STM Group plc

Pension scams

Pension scams often involve attractive offers that aim to persuade you to transfer your pension pot (or release funds from it). If you’re worried about money and want to use your pension to repay debts, contact

STM Group plc

How much do I need to save for retirement?

Inflation has pushed a comfortable retirement further out of reach for many savers, who now need to build a pot of nearly £600,000 to achieve financial freedom, new research reveals. The rising cost of living requires

STM Group plc

Continued growth in ESG & Sharia-compliant products

The climate emergency, plus many other economic and political crises, have made many of us think more carefully about how our investment decisions affect the world around us. When it comes to planning for retirement that

STM Group plc

Commercial property SIPPs offer many advantages for investors

Commercial property SIPPs offer many advantages for investors, especially for groups of individual SIPPs where they can use part of their individual pension pot to buy commercial properties which would otherwise be beyond their individual capability. 

STM Group plc

STM Group agreement, PUSU Deadline extended

On 11 July 2023, PSF Capital GP II Limited as general partner of PSF Capital Reserve LP announced that they had reached agreement in principle on the key terms of a possible cash offer for the entire issued

STM Group plc

The future of SIPPs

SIPPs have always evolved to meet changing demands, and will continue to be an important pension wrapper. In this article we explain why the future is bright for SIPPs in 2023, and beyond. A growing market

STM Group plc

Sharia option in partnership with Wahed Invest

Options are delighted to be working with Wahed Invest and confirm that their Sharia model portfolios are acceptable to be used within our Simple SIPP, providing our clients with a Sharia SIPP option. What happens next?

STM Group plc

STM Group agrees in principle to takeover bid

Options Pensions’ parent company STM Group has agreed in principle to a takeover bid by Pension Superfund Capital, a company founded by industry veteran Edi Truell. In an announcement to the stock exchange this morning (July 11),

STM Group plc

STM Group AGM to be held on 22nd August 2023

STM Group Plc (LON:STM), the cross border financial services provider, has clarified that the AGM Statement announcement on the 28 June 2023 stated the incorrect time for the Annual General Meeting. The Meeting is to be

STM Group plc

How to start a private pension

As the cost of living goes up, many people are finding that they need both State and private pensions to fund a good retirement. Estimates suggest that over £11 billion were contributed to private pensions in the 2020-21