Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Smoove PLC - Thame, Oxfordshire-based provider of online services for conveyancing and financial intermediary markets - Says revenue in 2022 increased around 7% to £21 million from £19 million the year prior, as conveyancing completions grew by 44% to 53,224 from 36,965 in 2021. Year-end cash balance was around £10 million, down 50% from £20 million in 2021, which reflects ongoing planned investment and the return of £3.7 million to shareholders in January
Looking ahead, Smoove says financial 2024 profit is ‘in line with the board’s expectations,’ and will focus on providing greater ‘diversity and resilience’ to revenue. Chief Executive Officer Jesper With-Fogstrup said: ‘While last year was not without its challenges, we repositioned where necessary while the successful launch of new products added to our flexibility and resilience.
‘We remain extremely excited by the growth opportunity and confirm that our outlook for financial 2024 is in line with the board’s expectations,’ he added.
Current stock price: 46.00 pence, up 4.3%
12-month change: down 36%
Copyright 2023 Alliance News Ltd. All Rights Reserved.