PraxisIFM marks two year market listing anniversary

Friday 12 April 2019|General News, Investor Relations
HomeNews & ViewsPraxisIFM 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 right to reflect on our progress over the past 24 months. The decision to go for a market listing was driven by a number of factors including the management team’s desire to see the company grow and develop, both in the Channel Islands and internationally, while maintaining its independence and also to strengthen our position as an employer of choice.

Since the listing we have almost doubled our workforce from 300 to 550, increased our assets under administration by nearly 130% (from $40bn to AuA $90bn*), revenue from £30m to more than £45m* and expanded our global footprint from 10 jurisdictions to 19. While organic growth remains key, the majority of that growth has been down to our acquisition activity, one of the key drivers for the market listing.

In the past 24 months we’ve acquired businesses which have added new jurisdictions, highly skilled teams and a broader service offering for our clients. While work to integrate systems and brand continues, our focus remains on what makes PraxisIFM the company it is – our people. I and the Board and Executive Committee are proud of our highly qualified, dedicated and motivated colleagues and are excited and ready for the next stage in our development.

 

*as at 31 January 2019

 

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