Manchester-based Investment bank Zeus Capital reports £11m profit

Independent investment bank Zeus Capital Limited achieved an eight-figure pre-tax profit and completed almost two dozen transactions in the last financial year.

The Manchester-based company, which has additional offices in Birmingham and London, reported a profit of £11m before tax for the 12 months to March 31 2016.

Zeus Capital also placed second in a list ranking London Stock Exchange AIM market companies in terms of funds raised in 2015, after raising more than £1.5bn across 23 transactions including three IPOs and two reverse takeovers, or RTOs.

Additionally, the firm managed to pull in £32m through private fundraising.

Sir Nigel Knowles, Zeus Capital’s chairman, said: “We have a highly talented, focussed and committed team at this firm, which is reflected in the results we have achieved.”

During the 2015/16 year the firm increased its workforce to 56, a year-on-year rise of 50%. The recruitment drive saw it enter the natural resources sector, a new market for Zeus Capital.

The chairman continued: “I have a high degree of confidence that against the background of the strategy we are pursuing and in even more challenging trading conditions, our people will continue to perform well.

“This confidence is underpinned by our core commitment to provide our clients with the best possible advice and service.”