Jarvis Securities

JIM · AIM · Financial Services · mcap £3.6m · 8.0p

Jarvis Securities is a UK AIM-listed group whose main subsidiary, JIML, provided stockbroking, custody and clearing services. It has sold the retail execution-only business and is closing the rest.

Target	Promise	Said	Status
2024
28 Feb 2024	Deliver the Phase 1c report to the FCA by 28 February 2024.	13 Nov 2023	✓ Kept
	“The Phase 1C report is due to be delivered to the FCA, by no later than 28 February 2024.” Result Skilled Person's Phase 1c report was submitted to the FCA, as announced on 27 June 2024, later than the original date. “The finalisation of this report had been delayed from the original expected completion date of 28th February 2024. The Directors of Jarvis can advise that the final report, including its recommendations, has now been submitted to JIML and to the Financial Conduct Authority.”27 Jun 2024 · Update
31 Dec 2024	Exit the SIPP market in 2024 and assist clients with transition.	26 Mar 2024	… In progress
	“An area of change for Jarvis in 2024 is the decision to exit the SIPP market.” Result Not yet due.
31 Dec 2024	Complete the Phase 2 Skilled Person review of remediation by Q4 2024.	27 Jun 2024	… In progress
	“Phase 2, which requires the Skilled Person to review the remediation work undertaken by JIML on the matters raised in any of the three s.166 reports, has now commenced and is expected to be completed by Q4 2024.” Also stated 8 Aug 2024 Result Not yet due.
2025
31 Mar 2025	Andrew Grant to retire from JIML by 31 March 2025.	17 Apr 2024	… In progress
	“it is intended that Andrew would retire from JIML by 31st March 2025” Result Not yet due.
30 Sep 2025	Publish audited results for the 18 months to 30 June 2025 by end of September 2025.	27 Jun 2025	✗ Missed
	Result Delayed to end of December 2025; results were published on 30 December 2025. “The Company confirms it will now produce audited results for the 18 month period ended 30 June 2025 (”30 Sep 2025 · Accounts Timetable Update
2026
8 Oct 2026	Wind down Model B arrangements and other operations within about 15 months of the July 2025 completion, i.e. by about October 2026.	15 Apr 2025	… In progress
	“This process is anticipated to take approximately 15 months to complete.” Also stated 27 Jun 2025 · 7 Jul 2025 · 30 Dec 2025 · 30 Mar 2026 · 8 May 2026 Result Not yet due.
Today · 13 Oct 2026
31 Dec 2026	Seek AIM cancellation and return remaining capital and distributable reserves to shareholders, later in 2026.	27 Jun 2025	… In progress
	“the Directors currently intend to seek a cancellation of the Company's admission to trading on AIM pursuant to AIM Rule 41 in due course, with the expectation that any distributable reserves remaining in the Company at the time of the Proposed Cancellation would then be returned to shareholders” Also stated 7 Jul 2025 · 30 Dec 2025 · 30 Mar 2026 · 8 May 2026 · 28 Aug 2026 Status so far Not yet due.
2027
7 Jan 2027	Receive the second and final £1m deferred consideration on or around 7 January 2027.	9 Jul 2026	… In progress
	“The second and final Deferred Consideration payment, also of £1m (subject to potential adjustment for claims under the sale agreement) is due on or around 7 January 2027.” Status so far Not yet due.