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Jarvis Securities ( (GB:JIM) ) has issued an update.
Jarvis Securities plc has announced a change in its accounting reference date from 31 December to 30 June. This adjustment is in response to the anticipated sale of its retail execution-only brokerage business to Interactive Investor Services Limited, expected to occur in early July 2025. The change aims to accommodate the financial implications of the transaction on Jarvis’s balance sheet and going concern assessment. If the transaction does not proceed, it could negatively impact the company’s financial position, but both parties are currently working towards successful completion.
More about Jarvis Securities
Jarvis Securities plc is a holding company for Jarvis Investment Management Limited, a stock broking company and outsourced service provider for bespoke financial administration. Established in 1984, Jarvis is a member of the London Stock Exchange and Aquis Stock Exchange, authorized by the Financial Conduct Authority, and an HM Revenue & Customs approved ISA manager. The company provides retail broking, share trading facilities within ISA and SIPP wrappers, and outsourced financial administration services to advisers, stockbrokers, banks, and fund managers.
Average Trading Volume: 287,701
Technical Sentiment Signal: Sell
Current Market Cap: £7.38M
For detailed information about JIM stock, go to TipRanks’ Stock Analysis page.