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Walker Crips reports £7M loss amid challenges, leading to a takeover by PhillipCapital.
Walker Crips, a London-listed wealth management firm, reported a £7 million pre-tax loss for the six months ending September 30, 2025, up from £1.5 million the prior year, citing internal challenges, economic uncertainty, a £4.4 million goodwill write-down, and a 7.3% revenue drop to £14.6 million.
Higher costs from migrating operations to BNY Pershing diverted management focus.
The results followed a £5.6 million takeover agreement with Singapore-based PhillipCapital, which already held a 29% stake and provided a £5 million emergency loan.
The deal, valued at 14p per share, was recommended by independent directors on November 24.
The firm plans cost-cutting, tariff reviews, new products, and process improvements, with savings expected in 2026.
Walker Crips reporta pérdidas de 7 millones de libras en medio de desafíos, lo que lleva a una adquisición por parte de PhillipCapital.