Equiti Capital: 2023 Annual Report
Equiti Capital maintained strong revenues and a strong balance sheet in 2023, despite a challenging industry landscape.
Equiti Capital had a strong financial year with revenues growing by 3% year-on-year and a healthy profit margin of 4%
Our robust balance sheet was further strengthened as net assets increased by 3%
Equiti Capital’s team grew with numerous talents offering valuable expertise
These results highlight our resilience and strategic focus during a difficult year for the financial industry
2023: Year in review
Equiti Capital concluded its financial year on December 31, 2023, achieving steady results whilst maintaining focus on ongoing investments and initiatives despite a year marked by industry-wide challenges. The company reported a 3% year-on-year increase in revenue and the balance sheet remained robust as net assets grew by 3%, equivalent to $1.1 million.
“Notwithstanding challenging market conditions experienced across the industry, we maintained strong revenues with a healthy net profit margin of 4%,” said Liam Conway, CEO of Equiti Capital.
The Equiti Capital team in London kept growing in 2023, welcoming numerous industry professionals. Their expertise, knowledge and fresh ideas are crucial in leading us towards our strategic goals.
“We have grown the UK office to drive local and group initiatives, adding new skills particularly across Development and Quantitative teams,” Mr. Conway added.
Equiti Capital is committed to promoting a culture of equality and diversity that actively values difference, providing an inclusive workplace. We acknowledge that our success is driven by the well-being of our employees, and during 2023 we launched several initiatives to further support our team’s collective success.
What to expect in 2024
In 2024, Equiti Capital is continuing to focus on perpetually improving customer experiences, refining our services and optimising internal processes.
For the broader Equiti Group, 2024 is a year of innovation and diversifying into new business areas. We are excited for the plans to broaden our reach into new territories and sectors through strategic acquisitions and the development of new services in payment technology, physical commodities, digital assets and asset management. We expect to launch several of these initiatives during the second half of 2024.
Equiti Group, including Equiti Capital, remains committed to delivering exceptional value and service to our clients, and we look forward to a year of growth and success.
Despite a challenging industry landscape, Equiti Capital increased both its revenue and net assets by 3% in 2023, achieving a healthy profit margin of 4%.