Profits of STJ Advisors Plunge as UK Revenue Halves

STJ Advisors, which has worked on various deals for Countryside, Just Eat, and DFS has recently reported a decline in revenue and profit for last year.

According to accounts that were filed with Companies House, revenue dropped from £9m to £5.9m.

Operating profit dropped to more than half, plummeting from £4.9m to £2.3m, and so did its pre-tax profit, which was down from £4.8m to £2.2m.

The group reported that revenue from Asia had risen, increasing from £951,538 to £1.3m. However, revenue from the United Kingdom fell by 44 percent from £8m to £4.5m.

The staff costs of STJ declined in the year to 31 March 2017 to £1.4m from a total amount of £1.6m.

The company was established by Simon North and John St John in 2008. Since then, it has advised Royal Mail regarding the initial stages of its privatisation. It has also worked share sales for DFS, Countryside, and The Gym Group.

IPOs, the firm, has advised to include that of HSS Hire, a tool rental firm, Saga’s float, and the flotation of Germany’s Delivery Hero.