Annual Report Summary 2024

Annual Report & Accounts 2024

In another challenging year for our industry, we have continued to support our clients and make progress against our strategic priorities, while using our voice to champion the revitalisation of UK plc.

Our business at a glance

Through our strategic advice, market intelligence and depth of liquidity provision, we have become the independent partner of choice in the UK for mid-cap and growth companies. Peel Hunt has become known for excellence in UK equity markets, acting for 150 listed companies and over 1,200 institutional clients, through our offices in London, New York and Copenhagen. Our sector specialist model allows our Investment Banking business to act for public and private companies alike.

Through our Research and Distribution teams we are able to access all major global investors, as well as capital from strategic investors, private equity, sovereign wealth funds and hedge funds. Handling over 14% of all daily trading volumes on the London Stock Exchange, our Execution Services business is an important liquidity provider that is able to access not only institutional liquidity but also unique retail liquidity. We offer services as one business in a joined-up manner to achieve the best outcomes for our clients.

150

Corporate Clients

1,281

Institutional Clients

14.9%

of daily trading volume on LSE

426

stocks covered

Our year in numbers

£91.8m
Net Assets
2023: £93.1m
£85.8m
Revenue
2023: £82.3m
£(3.3)m
(Loss)/Profit before tax
2023: £(1.49)m
£752.3m
Average market cap of retained corporate clients
2023: £690.5m
£1.03bn
Total funds raised for corporate clients
2023: £892.35m
£110.1m
Total liquid assets
2023: £101.7m

Strategic progress in challenging times

Long gone are the days of Peel Hunt being considered just a stockbroker; as a leading UK specialist investment bank, the value we provide to our clients across our capabilities has never been greater. 

Review of the year

In this challenging market environment we have continued to support our clients. We remain financially resilient. Our diversified business model, strong balance sheet and disciplined approach to costs help us navigate the ongoing economic challenges, while being ready to accelerate our own growth as markets recover.

Sustainability

We are making steady progress in the areas of sustainability that matter most to us and our stakeholders, including progress to support a high-performance culture and publishing our carbon reduction plan.

Risk

Strong risk management is fundamental to our resilience as a business. Once again, our strong governance structure and the experience of our people have helped us proactively manage our risks in the face of continued market uncertainty.

Governance

Good governance is about doing the right thing; we ensure that the framework, policies and processes that we have in place are clear and simple to follow, while always keeping our regulatory obligations in mind.

Financial Statements

We have maintained the stability of our business, with a resilient financial performance in the face of challenging market conditions. We have continued to pursue our strategic objectives through careful investments, supporting the delivery of best outcomes for our clients.