Jarvis Securities
JIM · AIM · Financial Services · mcap £1.7m · 3.8p 3 open situations →
- EV
- −£8.9m
- EV / EBIT
- –
- Net cash
- £10.5m
- FCF yield
- 155.4%
- Revenue
- £11.9m
- Cash returned
- 120.0%
- Share price 1y
- −82%
- Insiders 12m
- no deals
- Next report
- around 29 Mar
Jarvis Securities was a holding company whose subsidiary JIML provided execution-only stockbroking and client asset services to UK retail investors. After the disposal and wind-down it has no trading business and is seeking to return remaining capital to shareholders.
Open · 3
Group wind-down and AIM cancellation
Includes Tunbridge Wells property sale – Conditional sale agreed at auction, awaiting shareholder approvalIncludes Client redress scheme – Not addressed; JIML now in administration
Wind-down has run since the 2025 sale of the retail execution book. The JIML sale process ended with no offers, and JIML went into special administration on 15 October 2026, leaving Jarvis an AIM cash shell. On 16 October 2026 the board said cash was about £2.5m at 30 September, that it expects no value from the administration, and that it will consider credible reverse takeover proposals before finalising AIM cancellation.
- Conditions
- Proposed Cancellation or a Relevant Transaction needs shareholder approval; Regulatory Cancellation does not 16 Oct 2026 ↗
- Capital return
- Remaining distributable reserves expected to be returned after cancellation; amount not stated
- Index deletion
- Removed from FTSE AIM All-Share Index from start of trading on 20 October 2026 15 Oct 2026 ↗
- Reason
- Reclassified as an AIM Rule 15 Cash Shell 15 Oct 2026 ↗
- Cash
- approximately £2.5m unaudited at 30 September 2026; no ongoing income 16 Oct 2026 ↗
- Board view
- Will consider credible Relevant Transactions in the short term before finalising the Rule 41 cancellation; no guarantee 16 Oct 2026 ↗
Next: Consider credible Relevant Transactions before deciding on AIM cancellation
- 16 Oct 2026 Cash shell; cancellation decision on hold
- 15 Oct 2026 Cash shell; removed from FTSE AIM All-Share
- 15 Oct 2026 JIML in special administration; AIM cancellation planned
- 28 Aug 2026 JIML sale failed; capital return planned later 2026
Client redress scheme
Part of Group wind-down and AIM cancellation – Cash shell; cancellation decision on hold
JIML owed redress to certain clients, estimated at about £2.8m, with the scheme not finalised. JIML is now in special administration run by the administrators, so the announcement does not say how the redress liability will be handled.
- 15 Oct 2026 Not addressed; JIML now in administration
- 30 Dec 2025 Liability estimated at about £2.8m, scheme not finalised
Tunbridge Wells property sale
Part of Group wind-down and AIM cancellation – Cash shell; cancellation decision on hold
Next: Circular dispatch and shareholder general meeting vote
- 8 May 2026 Conditional sale agreed at auction, awaiting shareholder approval
Closed · 1
Company filings. Not investment advice.