Montfort Communications Olly Scott: +44 (0)78 1234 5205 Louis Supple: +44 (0)77 3943 0102Email
9 October 2018
Panmure Gordon is pleased to announce increased profits after tax for the period ended 31 December 2017, following the change in control and take private of Panmure Gordon & Co plc in July 2017.
From July 2017, the new management team, led by Ian Axe, has set about reviewing the business to ensure it has the necessary capabilities and resources to begin a multi-year transformation plan, which will create a 21st century merchant banking operation.
Complementing its traditional corporate broking and investment trust expertise, Panmure Gordon’s offering is being expanded to serve the needs of growth and mid-market corporates, whether listed or unlisted, for whom access to banking has become restricted as bulge bracket banks retreat.
Commenting on Panmure Gordon’s results, Chief Executive Officer, Ian Axe, said:
“Panmure Gordon’s performance during 2017 was stable. However, more importantly, we have started to transform both our infrastructure and seed the growth of new businesses and diversification for the coming years. We are also delighted to have welcomed a number of high-calibre individuals to the business. Looking to the future, management and shareholders are aligned on Panmure Gordon’s growth strategy and, whilst progress has been made, there is much work to be done.”
About Panmure Gordon
Panmure Gordon is defining what it means to be a 21st century merchant bank: providing independent advice, research, solutions and execution services to UK growth and mid-cap corporates and investment companies, underpinned by long-term client relationships.
For over 140 years the Firm has helped fast growing corporate and institutional clients achieve their ambitions. Integrity, excellence and experience are at the heart of everything Panmure Gordon does, whether in public or private markets for equity or debt.
The Firm’s well-funded growth strategy is being delivered by its highly experienced team, to create a compelling offer for current and future clients.
Panmure Gordon operates from offices in London and Leeds and has a presence in Doha. The Firm is also a registered broker-dealer in the United States.