BP Marsh profits jump over 100%
Specialist financial services investor B.P. Marsh & Partners PLC (AIM: BPM) has announced bumper profits in year end results released this morning. Profits jumped to £104.7m from £43.6m, whilst a total shareholder. Total Shareholder Return for the year was £101.2 million (44.2%), driven by an increase in NAV and £4 million in dividends paid across March, May, and July 2024. Commeting on the group’s performance, Chairman Brian Marsh 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.”
In the short interview below, the team outline how the firm has consistently outpeformed the market