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Holding(s) in Company

Holding(s) in Company B Morris Holding(s) in Company DPV Limited Holding(s) in Company R Kearsey

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PraxisIFM well set for growth

H1 2021 Highlights Revenue for the period was £29.8m (2020: £30.5m). Gross profit margin increased by 1% to 54.4% (2020: 53.4%) EBITDA has increased to £5.0m (2020: £4.2m) The Private Client & Corporate Services, Funds, and Pensions Divisions have all delivered gross profit (£12.2m, £2.8m & £1.1m respectively). PraxisIFM Group...

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Announcement re Company in discussions to combine with Oak Group

The Company and Oak Group (Oak) announce that negotiations are underway to combine their global businesses. Heads of Terms have been entered into, which enable both companies to start formal negotiations. Senior leaders from both businesses will form the new combined management team. Originally founded in 1972 PraxisIFM is an...

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Announcement – Annual Financial Results update

The PraxisIFM Group has delayed the announcement of its annual financial results for the year ended 30 April 2019 by one month, to 30 November 2019. This is due to a delay in the audit process of a small acquired corporate services subsidiary that represents less than 4% of the...

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PraxisIFM marks two year market listing anniversary

While the company’s core values remain the same, a lot has changed in the two years since our listing on The International Stock Exchange (TISE). Today – Friday 12 April – marks the second anniversary since, under CEO Simon Thornton, the Group listed on TISE and so the timing feels...

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PraxisIFM reports revenue increase

PraxisIFM Group has reported a strong increase in revenue of 21%. Key highlights from the 2018 Annual Results, announced on Thursday 20 September: Revenue up to £42.5m Adjusted EBITDA of £9.9m, up from £9.0m (2017) Significant investment in platform while maintaining gross profit margin Organic growth of 11% Dividend payment...

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Acquisition of Jeffcote Donnison

PraxisIFM has made its fifth acquisition in a ten-month period with the purchase of Jeffcote Donnison’s (JD) trust and corporate administration business. The deal adds the Isle of Man to the independent financial services Group’s list of global jurisdictions and also extends its existing operations in London and Hong Kong....

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Acquisition of Nerine Trust

PraxisIFM has acquired Nerine Trust. It is the fourth acquisition in two years for the Channel Islands-based Group which has seen it grow from employing 300 staff in the summer of 2017 to 520 following completion of the acquisition. Nerine Trust was established in 1997 and provides private client &...

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RiskCo buys Inadmin

The board of PraxisIFM announces that RiskCo has made a second acquisition in six months. RiskCo buys Inadmin

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PraxisIFM strengthens position in Netherlands with acquisition of PES

Further to the announcement by PraxisIFM Group last month that it is acquiring Kompas International in the Netherlands, the financial services company is pleased to announce that KOMPAS has agreed to acquire 100% of the issued share capital of Private Equity Services (Amsterdam) B.V., a Netherlands registered company (‘PES’), subject...

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PraxisIFM Extends Global Reach With Acquisition of Kompas International

PraxisIFM is extending its global reach with the acquisition of Kompas International in the Netherlands – the first acquisition the Group has made since it listed on The International Stock Exchange. Kompas, which provides trust and corporate services, employs 10 people and will be known as PraxisIFM Netherlands BV following...

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PraxisIFM Completes Fourth Acquisition In Twelve Months

PraxisIFM has completed its fourth acquisition in twelve months and strengthened its presence in the Middle East. The acquisition of Dubai-based Ryland Gray follows the purchase of fiduciary and corporate governance consultancy Ampersand Management SA in April 2016, the fiduciary and accounting company Balmor Management SA in Switzerland, and Cavendish...

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Peter Bruges Appointed Group Finance Director At PraxisIFM

PraxisIFM has appointed a group finance director following significant growth in 2016 which saw two acquisitions and expansion of its global reach. Peter Bruges takes up the newly created role, which encompasses group financial reporting, corporate governance, corporate finance as well as supporting the development and expansion of the business....

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PraxisIFM Acquisition And Appointment To Boost Middle East Growth

PraxisIFM’s plans for expansion in the Middle East have been bolstered following the acquisition of a Swiss-based fiduciary and accounting company. The Channel Islands headquartered group has bought Balmor Management SA, which is based in Geneva. The company specialises in providing family office and fiduciary services primarily to Middle East...

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Two Board Appointments For PraxisIFM Trust Limited

PraxisIFM Trust Limited has appointed two of its client relationship directors to the board in Guernsey. Paul Blackwell and Rupert Pleasant have joined the seven-strong board and will be involved in the future strategic direction of the company. ‘PraxisIFM has seen considerable growth since it was created by the merger...

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PraxisIFM Acquisition will enable further growth

PraxisIFM has acquired a fiduciary and corporate governance consultancy to enhance its presence in Switzerland and expand its operational footprint in Africa. The group, which last year made three acquisitions, has now acquired Ampersand Management which has operations in Geneva and Mauritius and employs nine staff. Ampersand was established by...

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PraxisIFM Announces its Third Acquisition in Two Months

The PraxisIFM Group has expanded its fund administration division with the acquisition of London-based closed-ended fund administrator, Cavendish Administration Limited. The acquisition means that PraxisIFM will be able to offer administration services for onshore as well as offshore investment trusts giving clients additional flexibility. It follows last month’s announcement of...

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PraxisIFM Plans To Acquire Confiance Limited

PraxisIFM has announced plans to expand further with the acquisition of Confiance Limited for an undisclosed sum. Earlier this month PraxisIFM revealed it was expanding its pensions division, Trireme Pension Services, with the acquisition of Confiance Pension Services. The proposed acquisition of Confiance Limited will give PraxisIFM more than $42...

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PraxisIFM Acquires Confiance Pension Services

PraxisIFM Group has expanded its pensions division, Trireme Pension Services, with the acquisition of Guernsey business, Confiance Pension Services. The acquisition means that Trireme will now have a fully staffed office in Guernsey, as well as its existing base in Malta, offering further flexibility to its clients. ‘We are delighted...

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Praxis and IFM merger receives regulatory approval

The merger of Guernsey-based Praxis Group and Jersey-based IFM Group to create one of the largest independent and owner-managed financial services groups headquartered in the Channel Islands has been given regulatory approval. In January, the two businesses, which have combined revenues of over £23 million, assets under administration of more...

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Praxis and IFM to merge

Guernsey based Praxis Group and Jersey-based IFM Group have announced plans to merge and create one of the largest independent and owner-managed financial services groups headquartered in the Channel Islands. Subject to regulatory approval, the new group will be known as PraxisIFM to reflect the merger of two existing businesses...

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