Notes to the consolidated financial statements continued For the year ended 30 June 2025
6. Revenue
7. Administrative costs Administrative costs are recognised as the services are received. The largest component of the Group’s administrative costs are employee costs as shown below. Other costs included in administrative costs are set out in note 9. 7(a) Employee costs
2024 restated 1 £’000
2025 £’000 66,237 6,598 17,102 14,022
Investment management fees Fund management fees Financial planning income
67,825
6,914 8,182
2024 restated 1 £’000
2025 £’000 40,420 5,300 2,144 1,379 1,792 51,035
Transactional income and foreign exchange trading fees
12,394 11,367
7,601
Interest income Total revenue
Wages and salaries Social security costs Other pension costs Share-based payments
40,338
111,560
106,682
5,206 1,801 1,366 1,588
1 The prior financial year has been restated to exclude the results of discontinued operations, consistent with the presentation in the current financial year. Refer to note 13 for details of the results of discontinued operations. 6(a) Geographic analysis The Group’s continuing operations are located in the United Kingdom; therefore all Group revenue is recognised in this jurisdiction. The Group’s discontinued operations in relation to BMI are located in Jersey and Guernsey (refer to note 13). 6(b) Major clients The Group is not reliant on any one client or group of connected clients for the generation of revenues.
Redundancy costs
Total employee costs
50,299
1 The prior financial year has been restated to exclude the results of discontinued operations, consistent with the presentation in the current financial year. Refer to note 13 for details of the results of discontinued operations. Employee costs include Directors’ remuneration, the full details of which are included within the Remuneration Committee report on pages 78 to 94. Pension costs relate entirely to a defined contribution scheme. 7(b) Average number of employees The average number of persons employed by the Group during the financial year, including Directors, was as follows:
2024 restated 1
2025 Number of employees
Number of employees
299 174 473
Business employees Functional employees
257 156 413
Average number of persons employed
1 The prior financial year has been restated to exclude the results of discontinued operations, consistent with the presentation in the current financial year. Refer to note 13 for details of the results of discontinued operations.
128
Brooks Macdonald Group plc Annual Report and Accounts 2025
Made with FlippingBook - professional solution for displaying marketing and sales documents online