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AIM:PEEL · Financials · UK specialist investment bank / stockbroker (AIM-listed)
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Peel Hunt Limited

Peel Hunt Limited is a specialist UK investment bank providing strategic advice, market intelligence and liquidity provision to UK mid-cap and growth companies, operating through Investment Banking, Research & Distribution and Execution Services divisions. It acts for 147 corporate clients (62 in the FTSE 350) and over 1,200 institutional clients from offices in London, New York, Copenhagen and (from November 2025) Abu Dhabi, and its Execution Services business handles over 20% of average daily trading volume on the London Stock Exchange.

Export the Peel Hunt Limited factsheetfree accountOpen the FY2026 report
Filings

3 annual reports read, FY2024 to FY2026

Open a year to see what its report said. Every line in it carries the page it was read from.

Sources: Company website (3)

  1. FY2027Next report expected 19 Jun 2027

  2. Open the reportJSONComing soon
    Sixty seconds on the FY2026 report

    Peel Hunt is a UK investment bank that advises mid-sized companies on deals and fundraising and trades shares for investors. In the year to 31 March 2026 its revenue rose to £143.5m from £91.3m. It swung from a loss before tax of £3.5m to a profit before tax of £21.1m. The main reason was a busier year for advising on takeovers and mergers, which more than doubled revenue in its investment banking arm. Its share-trading business also grew, helped by livelier markets, and research income rose. Costs fell too: job cuts the year before trimmed fixed costs, and staff pay took a smaller share of income. The profit is still reduced by staff restructuring costs, which the company treats as one-off. Cash at the year end was £36.9m, against borrowings of £10.0m. The board proposed a dividend of 4.9p a share, after paying none the year before. Management said it aims to build on the year and stay profitable through market ups and downs. The auditor gave a clean opinion with no doubts about the company's future. The report notes that conditions in UK stock markets remained difficult.

    From the reportevery line sits on the page it names
    What drove revenue

    M&A advisory activity within Investment Banking

    Investment Banking revenue rose 112.8% to £67.1m, with a majority of the increase from M&A deal fees; Peel Hunt ranked third in UK public M&A league tables

    page 6
    And

    Execution Services trading/market-making performance

    Execution Services revenue grew 41.9% to £47.8m, a record post-Covid performance, aided by increased market volatility and higher trading volumes and LSE market share rising to 20.6% (FY25: 17.8%)

    page 15
    What moved the margintailwind

    Leaner operating model reducing fixed costs by ~£5m

    A leaner, more focused operating model enabled Peel Hunt to reduce fixed costs by approximately £5m

    page 12
    Andtailwind

    Lower compensation ratio

    Compensation ratio decreased to 56.3% (FY25: 60.8%), reflecting careful cost management and improved business performance

    page 20
    One-offs in the year

    £7.8m charge: Share-based payment charges excluded from adjusted PBT

    page 20
    What management said

    This was a strong financial year for Peel Hunt, thanks to the exceptional quality of our people, our unwavering commitment to our clients and a clear focus on the areas within our control.

    page 3
    After the year end

    There are no post balance sheet events (Note 28)

    page 116
    The dividend

    Board proposed a final dividend of 4.9p per share for FY26 (FY25: nil), consistent with the policy set at IPO and subject to AGM approval, to be paid 31 July 2026 to shareholders on the register at 26 June 2026

    page 7
    Going concern and the audit

    PwC issued an unqualified (unmodified) audit opinion. Directors adopted the going concern basis after assessing an 18-month cash flow forecast under base and severe-but-plausible downside scenarios; no material uncertainties were identified. Key audit matters were timing of revenue recognition for corporate fees and carrying value of the Company's investment in subsidiary (Peel Hunt Partnership Group Limited, carrying value £182m, tested via a value-in-use model with WACC 13% and terminal growth 2%, showing small headroom)

    page 69
    The risks it names first
    • Capital – risk of not retaining sufficient capital resources to meet business and regulatory obligationsp.31
    • Liquidity – risk of being unable to meet financial liabilities as they fall duep.31
    • Market – risk of losses on financial instruments from movements in market pricesp.32
    • Credit – risk of financial loss from a counterparty failing to discharge obligationsp.32

    Read from C000984-AR-2026-website.