Cavendish building a profitable platform in tough markets
Julian Morse
Created by the 2023 merger of finnCap and Cenkos Securities, Cavendish Plc’s (LON: CAV) remit as the U.K.’s newest investment house is a large one.
Joint chief executive Julian Morse describes the business as a ‘full service investment bank’.
“We do everything from the equity capital market side. Look after companies as their brokers, help them raise money, produce research on all of our companies and others in the market, financial advice, but also go right across the spectrum to working with private companies.”
In addition to Cavendish having highly regarded M&A and debt advisory departments, it also has one of the AIM market’s largest equity capital markets tech team.
Tech in all its forms of MedTech, FinTech, MediaTech ad infinitum is one sector that contributes to the myriad small-cap growth companies that are the backbone of the U.K. economy and the ones that Cavendish is keen to support.
Cavendish is however firmly sector agnostic with a laser like focus on supporting small and medium enterprises. The ones that Morse says “foster innovation, entrepreneurialism and effectively give the economy a huge boost”.
Cavendish itself fosters not just innovation, but loyalty keeping all of its client facing personnel and retaining ‘all of that talent’ after the combination of the two brokers which Morse describes as a true merger.
The company is now hiring as it expands ‘cautiously’. By virtue of the business it is and as a listed entity, Cavendish is chasing results deploying “a platform that can be profitable, even in very tough markets”.
Cavendish has been nominated as Broker of the Year in the 2024 Small Cap Network awards.