AUS
NZ
UK
CA
USA
IND
Highlights
- CAV’s group revenue for H1 2025 reached GBP 28.0 million, compared to GBP 27.5 million in H1 2024.
- Cash balances increased 15% YoY to GBP 19.8 million as of 30 September 2025.
Cavendish PLC (LSE:CAV), a UK investment bank, released its trading update for the six months ended 30 September 2025, reporting a profit for the period. Group revenue is expected to be approximately GBP 28.0 million, up from GBP 27.5 million in the same period last year. The company noted continued activity in equity issuance within public markets, as well as a steady flow of private M&A mandates, contributing to the revenue outcome.
Cash balances increased by 15% compared with the same period in the prior year, reaching GBP 19.8 million, as on 30 September 2025.
Client Base and Regional Expansion
Cavendish continues to advise AIM-quoted companies and has added eight new clients through a mix of IPOs and existing services during the period. The company expanded its regional presence with the opening of a Birmingham office, enhancing its operational reach. International distribution remains part of the company’s operations through its membership in the Oaklins network, which facilitates collaboration on cross-border advisory and transactional services.
Business Scope
Cavendish provides advisory services to small and mid-sized companies across various stages of their business lifecycle. Its services include corporate finance, mergers and acquisitions advisory, equity issuance, and strategic guidance tailored to the operational and financial needs of clients. The company supports both public and private transactions, maintaining engagement with a range of sectors.
Outlook
The company maintains a pipeline of public and private transactions, including potential IPOs and ongoing public M&A activity. The report observes that while the FTSE 100 has reached record levels following the removal of previous US tariffs, smaller and mid-cap equities have not shown similar performance. The board expects the group to achieve a positive outcome for the financial year, subject to developments in inflation and monetary policy.
CAV shares traded at GBX 11.25 per share on 1 October 2025, down 6.25% from its last close of GBX 12.00.
