B.P. Marsh & Partners PLC announces its Group Final Results for the year to 31 January 2024 (the “Period”).
Highlights:
Investment case
B.P. Marsh provides an opportunity to invest in small to medium financial service intermediary businesses that investors would often find hard to reach.
Full Year Results for the year to 31 January 2024
£229.2m
Net Asset Value at 31 January 2024 £229.2m (31 July 2023: £203.5m; 31 January 2023: £189.5m)
629.0p
Net Asset Value per share 629.0p (31 July 2023: 567.3p; 31 January 2023: 526.2p)
£43.6m
Consolidated profit before tax of £43.6m for the Period (six months to 31 July 2023: £15.6m; year ending 31 January 2023: £27.6m)
22.0%
Total Shareholder return of 22.0% for the Period including the aggregate dividends paid in February, July and November 2023 (14.4% for the 12 months to 31 January 2023, inclusive of the dividends paid)
£40.5m
Cash of £40.5m as at 31 January 2024
£81.2m
Current cash of £81.2m, following receipt of the proceeds from the sale of CBC
Commenting on the results, Brian Marsh OBE, Chairman, said:
”From inception over 30 years ago our investment philosophy has been consistent and continues to deliver strong returns. This latest increase in NAV is testament to our strategy, enabling the Company to continue to invest in high quality management teams as well as rewarding shareholders.
Brian Marsh OBEChairman of B.P. Marsh & Partners PLC
Looking across our portfolio and the new opportunities we see, I am confident that B.P. Marsh remains the partner of choice for exciting start-up insurance intermediaries, which will drive further growth in the future.
