RAVENSCROFT’s assets under administration have reached more than £2billion for the first time.

In its interim report, published today, the company, which is the only independent stockbroking and investment management company in the Channel Islands, saw assets under administration reach £2.06bn, a 42% increase on its 30th June 2014 figure of £1.45bn.

‘To achieve such a milestone is a great way of celebrating our 10th anniversary,’ said group chief executive officer Jon Ravenscroft.

‘I was delighted with our 2014 results and am thrilled to see our assets under administration reach £2billion in 2015, which in turn will lead to an increase in recurring annual revenue. This strong performance is great news for our team and for our stakeholders’

‘Another highlight of the year was the completion of the Vartan acquisition in March when we purchased a 75% stake in another independent stockbroking and investment management company based in Peterborough, which is now trading as Vartan Ravenscroft.’

This year has seen a number of key appointments to the Ravenscroft teams in Guernsey and Jersey, and in August it was announced that Stephen Lansdown had trebled his shareholding in Ravenscroft Limited through his family office Pula Investments Limited from 9.36% to 27.86% at a cost of more than £9m.  Mr Lansdown has subsequently been appointed to the board of Ravenscroft as a non-executive director.

As investment manager to Bailiwick Investments Limited and the Channel Islands Property Fund, Ravenscroft has also been involved in a number of major transactions during the year and the team continues to have some exciting deals in the pipeline.

‘Although Ravenscroft has seen tremendous growth, we remain very true to our Channel Islands roots. We want to continue investing in the islands and ensuring that our clients, the majority of whom are locally based, are rewarded for their faith in us. Our teams in both islands have been strengthened by some very talented individuals and we continue to provide significant financial support to charities and voluntary organisations,’ said Mr Ravenscroft.

‘We remain excited about the future and are committed to finding further opportunities for our clients’, he added.