Cavendish plc Returns to Profit Amid Challenging Market Conditions

In its latest analysis, Hardman & Co highlights Cavendish plc's return to profitability for the fiscal year ending March 2025. Despite the challenging environment for smaller UK companies, Cavendish reported a 3% increase in revenue. The company achieved an adjusted pre-tax profit of £3.7 million, a notable improvement from the £1.8 million loss posted in the previous year.

This turnaround is attributed to Cavendish's diversified revenue streams and strict cost controls. Both its private and public divisions remained profit-generating. Currently, Cavendish's stock is trading at 9.4x EV/NOPLAT for 2026 and is projected to be 5.6x for 2027.