Arden - profits and losses

PUBLISHED: Feb 10 2017 @ 03:46 | Comments (0) |

Arden (LSE:ARDN) has an appalling profits history – displaying an overall loss over seven years. It works in an industry vastly over-supplied and therefore extremely competitive.

Relatively few small and medium sized companies have chosen to join the stock market in recent years. Large numbers of corporate brokers go chasing after the dwindling band of companies floating. Advising on fund raising off the public markets is also subdued.

Thus these highly paid employees are under-employed. Whereas turnover used to be over £13m it is now under £6m, while employee numbers have fallen by only one-third.

The profit and loss numbers

£’000s	2016	2015	2014	2013	2012	2011	2010
Overall revenue	5,857	5,486	7,955	10,103	9,785	12,381	13,046
Corporate Finance revenue	3,430	3,314	5,266	5,057	3,361	4,743	6,933
Equities Division revenue	2,430	2,172	2,689	5,046	6,424	7,638	6,113
Profit (loss) after tax	-475	-2,098	103	979	131	506	-1,031
Director’s remuneration	520	544	554	878	905	975	817
Total staffing costs, inc. directors	3,693	4,281	4,216	4,752	5,211	6,308	8,158
Number of employees	38	40	40	39	37	48	58
All administration costs (inc staff)	6,323	7,646	7,936	8,829	9,634	11,826	13,622
Costs other than staff	2,630	3,365	3,720	4,077	4,423	5,518	5,464
Dividend per share	0	0	0.75p	3p	0.65p	0	0
Earnings per share	-2.5p	-10.8p	0.5p	4.7p	0.6p	2.2p	-4.2p
Number of client brokerships	39	42	44	39	36	32	41
Funds raised for clients	£61m	£44m	£92m	£283m	£166m	£265m	£183m
Number of client fundraisings	n/a	n/a	18	11	15	12	15

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