City stockbroker finnCap has revealed higher annual sales and cheered a stronger than expected March, helped by a series of fundraisings and IPO work.
Among projects the AIM-listed firm advised on in March was ready meals group Parsley Box’s London float.
Sam Smith, chief executive of finnCap, said: "The group continued to perform strongly in March, surpassing our expectations.”
Smith pointed to a number of highlights, including acting on secondary equity issues raising a total of £66 million.
Total revenue for the year to March 31 is expected to be around £46.4.million, up 78% from the prior 12 months. Total income for the year is set to be around £47.3 million, 83% higher. The update comes just over a month after the company said it was expecting to record a income figure in excess of £43 million.
Smith said: “This performance is testament to the platform that we have built to service the strategic and financial needs of ambitious growing companies and their management teams. Our pipeline for Q1 is healthy.”
