logo-loader
viewTavistock Investments PLC

Tavistock Investments aims to improve profitability as trading stays in-line

The company also agreed a new £630,000 loan facility to be provided by two of its directors and its chief investment officer to shore up its capital position

Tavistock Investments PLC - Tavistock Investments' trading stays in line despite “challenging” trading conditions

Tavistock Investments PLC (LON:TAVI) said trading has remained in line with market expectations despite “challenging” market conditions caused by Brexit anxiety and international trade disputes.

In a trading update, the investment and wealth management group said that in future it would be in its best interests to improve profitability by selectively purchasing client books from retiring advisors, investing in initiatives to increase the inflows of funds under management (FUM) and reducing net debt through scheduled repayments of its loan facility with NatWest.

READ: Tavistock Investments terminates strategic alliance with Lighthouse Group

As a result of these new initiatives, Tavistock said its regulatory capital requirements had increased, and to bolster its position it had agreed a new £630,000 loan facility with two of its directors Oliver Cooke and Brian Raven, and its chief investment officer Christopher Peel, each of whom would provide £210,000.

The company also said that going forward it was “Impossible to determine” how much more challenging trading conditions would become over the short term and how this could impact its future trading before the market stabilised.

 In early trading on Friday, Tavistock shares were 2.3% higher at 2.2p.

Quick facts: Tavistock Investments PLC

Price: 1.95 GBX

AIM:TAVI
Market: AIM
Market Cap: £11.22 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Tavistock Investments PLC named herein, including the promotion by the Company of Tavistock Investments PLC in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Tavistock Investments 'demonstrating rapid growth' as it announces maiden...

Tavistock Investments PLC (LON:TAVI) CEO Brian Raven tells Proactive London's Andrew Scott the year to March 2019 was a very successful period for them in terms of continued growth. ''EBITDA's doubled which is part of the story we've been explaining for the past several years - as funds...

on 15/5/19

2 min read