TEAM plc, a wealth, asset management, and financial services group, announced its final audited results for the year ending September 30, 2025. The company reported significant growth and strategic transformations, including the acquisitions of WH Ireland and EPIC, which added over £1 billion in assets under management (AUM). These moves established TEAM as a scaled international platform, enhancing its recurring revenue streams, client diversification, and market presence across the UK, Channel Islands, and international markets.
**Financial Highlights**
**Revenue Growth** Organic growth across all divisions led to a 16% increase in sales to £12.0 million.
**Client Assets** Total client assets grew by 11% to £1.29 billion, driven primarily by the International division.
**Adjusted EBITDA** Improved to a loss of £1.4 million, demonstrating operational leverage as the business scales.
**AUM Growth** Post-year-end acquisitions are expected to increase AUM to over £2.3 billion.
**Strategic Acquisitions**
**WH Ireland** Acquired for £12.7 million, adding £0.97 billion in AUM and a UK-based wealth management team.
**EPIC Acquisitions**
**EPIC Markets (UK)** Acquired £157 million in AUM for £1 million.
**EPIC Fund Services (Guernsey)** Acquired for £880,000, adding fiduciary and corporate services capabilities.
**Operational Performance**
**Investment Management** Revenues rose 10% to £1.5 million, driven by Model Portfolio Services and UCITS funds.
**Advisory** Revenues increased 17.5% to £2.4 million, reflecting new client activity and transitions to discretionary management.
**International** Revenues grew 17% to £8.1 million, supported by adviser network expansion and strong demand.
**Post-Year-End Developments**
**Acquisition Impact** The acquisitions are expected to significantly increase AUM and revenues, positioning TEAM for accelerated growth.
**Strategic Integration** The acquisitions enhance TEAMs infrastructure, control, and scalability, creating a more integrated and higher-quality client proposition.
**Future Outlook**
**Profitability Path** The company is moving towards profitability, with scale and managed assets driving financial performance.
**Growth and Expansion** Continued focus on organic growth, strategic acquisitions, and operational efficiency to strengthen market position.
**Corporate Governance and Financial Position:**
**Governance** TEAM adheres to the QCA Corporate Governance Code, maintaining strong oversight and stakeholder engagement.
**Financial Position** Net assets declined to £8.7 million, reflecting losses and share issuances. Cash and cash equivalents stood at £1.359 million.
**Conclusion**
TEAM plcs strategic acquisitions and organic growth have transformed it into a scaled international wealth and asset management platform. With a focus on recurring revenues, operational efficiency, and client diversification, the company is well-positioned for future growth and profitability.
| Financial Metric | 2024 (£'000) | 2025 (£'000) | Change (£'000) | Change (%) |
|---|---|---|---|---|
| Revenues | 10,279 | 11,953 | 1,674 | 16% |
| Operating Loss | (2,879) | (2,656) | 223 | 8% |
| Adjusted EBITDA | (1,650) | (1,362) | 288 | 17% |
| Client Assets (£'m) | 1,160 | 1,289 | 129 | 11% |
| Cash and Cash Equivalents | 1,736 | 1,359 | (377) | (22%) |
| Total Debt (Lease Liabilities + Loan Notes) | 2,356 | 2,982 | 626 | 27% |