Devon Equity Management Limited

Active11939535Financial servicesIncorporated 11 Apr 2019 · London

Our primary objective for the future of the business is to continue to focus on delivering good investment performance for our investors, so that they continue to entrust their money to us and possibly contribute more in future. It continues to be the Directors' longer-term intention to grow the business by adding funds with different investment mandates so we can attract investors who have different needs from investors in our existing funds. In the shorter term, the corporate goal is to increase the assets under management in the existing funds. Price risk, credit risk, liquidity risk and cash flow risk Refer to the Strategic Report for details of the Company's principal risks.

Revenue

£10.8m

▼ -10.2% vs prior ~12m period

Profit after tax

£3.7m

Margin 41.2%

Employees

11

— vs prior ~12m period

Net assets

£2.3m

Total assets £3.2m

Financial history

Revenue by accounting period

7 periods available · ▲ growth ▼ decline

Dec 2019
Not available
Dec 2020
£8.2m
Dec 2021
£12.0m▲ +46.9%
Dec 2022
£10.8m▼ -10.2%
Dec 2023
Not available
Dec 2024
Not available
Sept 2025
Not available
Period endRevenueGrowthProfit before taxEmployeesNet assets
30 Sept 2025——£311k11£2.3m
31 Dec 2024——£2.2m11£3.0m
31 Dec 2023——£4.8m11£4.0m
31 Dec 2022£10.8m▼ -10.2%£4.4m10£3.4m
31 Dec 2021£12.0m▲ +46.9%£6.6m9£3.6m
31 Dec 2020£8.2m—£3.4m9£3.7m
31 Dec 2019————£918k

Some periods are not about 12 months apart, usually because the company changed its year end or the register holds more than one set of accounts for a year. Growth is shown only against a prior period roughly 12 months earlier.

Latest available figures

Period ending 31 Dec 2022. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

Profit & loss

Revenue
£10.8m
Gross profit
Not available
Operating profit
£4.4m
Profit before tax
£4.4m
Profit after tax
£3.7m

Balance sheet

Total assets
£3.2m
Cash
£2.0m
Total liabilities
£892k
Net assets
£2.3m
Revenue per employee
Not available

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