TEAM plc (LON:TEAM), the wealth, asset management and complementary financial services group, has announced its final audited results for the year to 30 September 2025.
Commenting on the recent acquisitions and FY25 results Mark Clubb, Executive Chairman of TEAM, said:
“With the completion of the acquisition of WH Ireland and announcement of the two EPIC transactions in the last week, we will add over £1bn of AUM, fundamentally reshaping the Group. We have moved from a developing platform to a business with meaningful scale across investment management, advisory and distribution. This enhances the composition of the Group through a higher proportion of recurring, managed revenues; greater control over product manufacturing and infrastructure; a broader and more diversified client base; and a strengthened presence across the UK, Channel Islands and international markets.
The transformation would not have been possible without the strong foundations we have been building. In FY25 we grew the business organically, improved efficiency, keeping costs well below revenue growth and moved the International division into profitability. Post year end, the acquisitions are expected to increase our AUM to more than £2.3bn. This is an exciting time for the Group as we look to drive significant value from our substantially enhanced platform.”
FY25 – Highlights
· All three divisions grew organically generating an 16% rise in sales to £12.0m (FY24: £10.3m)
· Client assets increased 11% to £1.29bn (FY 24: £1.16m) primarily being driven by growth in the International division
· Adjusted EBITDA improved to a loss of £1.4m (FY24: loss £1.6m) demonstrating increasing operational leverage as the business scales.
· £1.4m cash in bank as at 30 September 2025
· AUM across the three divisions:
o Investment Management – AUM £387m (FY24: £325m)
o Advisory – AUA £344m (FY24: £355m)
o International – AUA £558m (FY24: £480m)
· Investment Management continued to scale, with revenues rising 10% to £1.5m, driven by ongoing adoption of our Model Portfolio Services (ranked 3rd of 342 portfolios by Defaqto) and the UCITS funds, launched in August 2025.
· Advisory revenues increased strongly by 17.5% to £2.4 million, reflecting both new client activity and the continued transition of clients into discretionary management.
· International remained the primary growth engine, with revenues increasing 17% to £8.1 million, supported by expansion of the adviser network and strong demand across our target regions.
Post-Year End
· On 24 March 2026 completed the complementary acquisition of UK wealth manager WH Ireland following an all share recommended offer which valued WH Ireland’s issued shares at £12.7 million, bringing:
o A high-quality wealth management business providing investment management solutions for individual families and charities with total group AUM of £0.97 billion
o A UK based team of wealth advisory professionals and supporting staff operating across offices in London, Manchester and Poole
· On 30 March 2026 announced:
o Acquisition of 8 investment portfolio mandates with £157m in AUM from Epic Markets (UK), the UK based investment management business, for a total consideration of £1,000,000 to be settled in new TEAM shares
o Acquisition of EPIC Fund Services (Guernsey), a Guernsey based financial planning business, for a total consideration of £880,000 to be settled in new TEAM shares
· TEAM entered FY26 in a good position and now has the opportunity to accelerate the Group’s growth rate using its increased scale
