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

SIPP Key Features

What is Option’s SIPP?Our SIPP is a self-invested personal pension, to help you save tax-efficiently for your retirement. You decide how your money is invested into the SIPP from a wide range of investment products and

STM Group

STM Group to buy £3.3m SIPP and SSAS business

STM Group, the cross border financial services provider, has entered into an agreement to acquire the portfolio, net assets and trustee companies of the SIPP and SSAS businesses, from Mercer Ltd, for a fixed consideration of

STM Group

STM group buys Mercer Sipp and Ssas books

STM Group, the cross-border financial services provider, has entered an agreement to acquire the portfolio, net assets and trustee companies of the Sipp and Ssas businesses of Mercer Ltd, for £3.34m. Completion is planned for 31 August

STM Group

Options UK to expand SIPP and SSAS portfolios

‘Doubling the size of UK Options personal pension solution business’ STM Group Plc announced that it has entered into an agreement to acquire the portfolio, net assets and trustee companies of the SIPP and SSAS businesses, from Mercer

STM Group

STM bolsters UK pension arm with £3.3m acquisition

Cross-border financial services provider STM Group has agreed to acquire the portfolio, net assets and trustee companies of the Sipp and Ssas businesses from Mercer for a fixed consideration of £3.34m ($4.02m, €3.94m). It will add

STM Group

STM Group acquries UK SIPP and SSAS portfolio from Mercer

STM Group Plc (LON:STM), the cross border financial services provider, has announced that it has entered into an agreement to acquire the portfolio, net assets and trustee companies of the SIPP and SSAS businesses, from Mercer Ltd, for

STM Group

Converting offices to hotels using a SIPP or SSAS

One overlooked area of the property market offers opportunities for SIPP and SSAS members, as this article from Options Pensions UK explains.  What began as a surprisingly straight forward transition towards a hybrid form of working

STM Group

Are pensions Halal? Growing interest in ESG and Halal investing

Following its low-key emergence in the late 1980s, environmental, social and governance (ESG) investing was initially considered a niche investment strategy, a means of satisfying certain investors’ conscience rather than a guaranteed method of generating above-average

STM Group

What you need to know about UK pensions abroad

UK pensions are a fantastic way to supplement your income during retirement, but what happens if you retire abroad? If you’re thinking of retiring to a sunny location overseas, it’s important to know how your UK

STM Group

STM Group change registered office address

STM Group plc (LON:STM) has announced that its registered office address has changed to 1st floor, Viking House, St Paul’s Square, Ramsey, Isle of Man, IM8 1GM, with immediate effect. STM Group is a multi-jurisdictional financial services

STM Group

How to set up a private pension

As the cost of living goes up, more and more people find that they need both State and private pensions to fund a good retirement. Choosing to open a private pension gives you more freedom around