Equiti Capital: 2022 Annual Report

It’s been an exciting year for Equiti Capital with steady trends of growth, expansion and internal development.

2 October 2023

Our revenues increased by $7.1m to reach $39.6m. This growth was accompanied by investment in digital marketing capabilities, product development, and technical expertise.
Our balance sheet remains strong, with net assets totalling $37.8m. Retained profits for the year increased by 37%, further fortifying our financial position and maintaining our robust liquidity.
Considering our company’s rapid growth, we relocated to a larger premises in Barbican to accommodate our expanding team.
Looking ahead to 2023, we anticipate a more agile and diversified business with increased customer flow and transaction volumes across both the Company and the broader Group.

2022: A Year In Review

With numerous notable achievements, the Company concluded its financial period year on December 31, 2022. Annual revenue saw a significant year-on-year increase of US$7.1 million, reaching US$39.6 million.

Equiti Capital’s balance sheet remains robust, boasting net assets of US$37.8 million, which reflect a year-on-year increase of 37% in retained profits. To support our continued growth, we have relocated to larger premises and made substantial investments in securing new facilities for our expanding team.

Promoting a culture of diversity and inclusion is at the heart of Equiti Capital and as part of that our Board and Executive Committee regularly review diversity and inclusion metrics. Creating a great culture is important to us, and we actively engage in social initiatives, including recognising global events like Diversity Days, Mental Health awareness, Learning and Development programmes, and by supporting carbon offsetting efforts throughout the organisation.

“2022 was a great year for Equiti Capital. Expanding our team, upscaling our facilities and achieving impressive transactional volumes and growth has positioned us well to maintain our trajectory in the year ahead,” added Liam Conway, CEO of Equiti Capital.

What to expect for 2023

While a significant portion of our revenue still thrives on our risk management function, which is closely tied to market volatility, we are actively diversifying and expanding the array of services we offer within the Equiti Group to enrich our revenue model. We expect to see positive impact from these initiatives to realise before the end of 2023 and to maintain the strength of both our liquidity position and our balance sheet.

We’ve also made substantial investments in building a formidable Digital Marketing team which is poised to drive remarkable growth in customer numbers and transaction volumes, not only for Equiti Capital but also across the entire Group. Embracing automation and digitisation is a central focus for us and we’re excited to improve our decision-making processes and continue to optimise efficiencies internally.

Our unwavering dedication to continuous product development, expansion into new markets, fostering technical expertise, and delivering top-notch customer experiences fills us with pride, knowing that these efforts will yield sustainable results for years to come.