BANOR CAPITAL LIMITED

1. BANOR CAPITAL LIMITED 2013-12-31 → present
2. PROXIMA INVESTMENT MANAGEMENT LTD 2010-03-15 → 2013-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Nordens Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. BANOR CAPITAL LIMITED · parent
   1. Banor S.A.M. 0.84% · Monaco · Provide investment management and advisory services to private and institutional clients
   2. Banor LABS S.r.I. 0.726% · Italy · Investments and trading in Crypto Currencies
   3. Jermyn Street Sarl 1% · Luxembourg · To acquire participations in companies and undertakings of whatever form, in Luxembourg and abroad, and to manage the same as well as to do all that is connected therewith or may be conducive thereto, all to be interpreted in the broadest sense. To act as general partner and / or manager

Significant events

• “Gross fees during 2025 for the group increased by 28.7% due to higher AUM and performance fees. Net fees increased by 27.9%. The Group had a very profitable year.”
• “Sales during 2025 for Banor Capital as a company increased by 27.4% on the previous year, mainly due to higher AUM and performance fees.”
• “Net profits before taxes set a new record, due to an increase in costs (mainly bonuses) more then offset by an increase in revenues. Net profits before tax were £4.7m compared to £3.3m in 2024.”
• “Our funds performed generally very well. Several of our long only strategies as well as long/short strategies outperformed their benchmarks.”
• “Illiquid strategies are proving a winning choice for Banor Capital Ltd. Even during 2025, they provided an increased flow of stable and predictable revenues.”
• “We are planning to launch two more asset-backed real estate credit funds in 2026.”
• “The portfolio of Banor Labs was positive in 2025 as the new strategies are performing in line with expectations.”
• “2025 was a year of consolidation of existing clients as well as acquisition of new mandates.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +28.7%

  £13,089,579 → £16,843,234

• Cash

  +56.6%

  £3,661,890 → £5,733,871

• Net assets

  +12.6%

  £14,584,423 → £16,421,016

• Employees

  +4%

  25 → 26

• Operating profit

  +44%

  £2,594,458 → £3,735,063

• Profit before tax

  +45%

  £2,978,590 → £4,320,021

• Wages

  +24.4%

  £2,813,474 → £3,500,183

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers