10 June 2025
B.P. Marsh & Partners Plc
(“B.P. Marsh”, “the Company” or “the Group”)
Final Results for the Year to 31 January 2025
B.P. Marsh & Partners Plc (AIM: BPM), the specialist private equity investor in early-stage financial services businesses, announces its audited Group Final Results for the year ended 31 January 2025.
Highlights:
- Consolidated profit before tax of £104.7m (31 January 2024: £43.6m)
- Total Shareholder return of £101.2m (44.2%) for the year, comprising growth in Net Asset Value and the £4.0m dividends paid in aggregate in March 2024, May 2024 and July 2024
- Net Asset Value has increased by £97.2m to £326.4m (31 January 2024: £229.2m), a 42.4% increase
- Net Asset Value per share has increased by 261.0p to 890.0p* (31 January 2024: 629.0p)
- Disposal of Lilley Plummer Risks Limited (“LPR”) and receipt of £21.7m
- Disposal of Paladin Holdings Limited (“Paladin”)/ CBC UK Limited (“CBC”) and receipt of £44.0m consideration
- Four new equity investments were made during the year
- Two new equity investments were made post year end
- Equity portfolio valuation increase of 83.5% (2024: 35.9%)
- £4.0m in dividends paid in aggregate in the year (10.72p per share) (31 January 2024: £2.0m, 5.56p per share)
- Since year end, further dividends totalling £8.0m (21.64p per share) paid or proposed
*The fully diluted Net Asset Value per share is 847.3p and includes the remaining 761,499 shares held within the Employee Benefit Trust, but also includes £2.0m of loan repayable if the remaining shares, including 236,259 currently unallocated, are sold. The diluted NAV per share also includes the 1,682,500 options over ordinary shares granted to certain Directors and employees of the Group in November 2023 as the performance criteria for NAV growth had been met as at 31 July 2024 (31 January 2024: 626.9p).
Commenting on the results, Brian Marsh OBE, Chairman, said:
“I am pleased to report a year of exceptional performance, realisations, new investments, and cash returns to shareholders. B.P. Marsh creates real value, and, with a robust and diversified portfolio, we will continue to identify opportunities, support entrepreneurial teams and exit only when it is appropriate.
“While the geopolitical picture continues to produce tension and uncertainty, we have more than succeeded in achieving our objectives. This resilience, reflected in our 42.4% NAV growth, the successful exits from Paladin and Lilley Plummer Risks, and the strategic addition of iO Partners stems from the dedication of our team, the foresight of our investors, and the innovation of our portfolio partners.
“My gratitude extends to every stakeholder who contributed: investors who share our long-term vision, management teams who trust our partnership, and colleagues who exemplify integrity in action. As we look ahead, I am proud to say that one of B.P. Marsh’s greatest strengths lies not in its capital alone, but in the people who steward it.”
Analyst and investor briefings:
There will be an analyst call today at 08:45am BST. Any analysts wishing to join the call should register to receive an invitation by emailing bpmarsh@tavistock.co.uk if they have not already done so.
The Company will also provide a live presentation for all existing and potential shareholders via the Investor Meet Company platform on 10 June 2025 at 10:30am BST.
Questions can be submitted pre-event via your Investor Meet Company dashboard up until 09:00am BST the day of the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet B.P. Marsh via:
https://www.investormeetcompany.com/bp-marsh-partners-plc/register-investor.
Investors who already follow B.P. Marsh on the Investor Meet Company platform will automatically be invited.