WESTHOUSE Annual Report and Accounts 2010
HIGHLIGHTS
The Board's policy is to continue
expansion through both organic
growth and the addition of
complementary teams.
Westhouse has established sectoral
expertise in resources, investment
funds, UK industrial and environmental
technology whilst regionally our
clients have significant exposure in
Europe, Africa, Central Asia and China.
Expansion of our market share in
those areas is a key target.
n Revenues increased by 26% to
£6.04 million (2009: £4.78 million)
n Total assets increased to £10.66 million
(2009: £7.49 million)
n Strong cash position of £3.90 million
(2009: £1.75 million)
n Loss after tax of £1.61 million
(2009: profit £1.12 million)
n Establishment of successful
Market Making Desk
n Important new investor, Bermuda
Commercial Bank, subscribed £3.5 million
in Perpetual Convertible Loan
n Successful acquisitions of Investment
Funds Team and of Smith's Corporate
Advisory late in the year
n Strong start to 2011 - £85 million raised
in two secondary placings in February
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