City of London Group

  • Loading stock data...

COLG Business Development

Successful cash raise exercise in October 2020 raised £27 million before expenses, including £25 million from a significant new investor, Parasol V27 Limited.

Recognise, the COLG Banking subsidiary, received its Authorisation with Restriction (AWR) in November 2020.

The Board currently expects Recognise to receive authorisation to take deposits and obtain a full banking licence in the first half of 2021

Existing loans outside Recognise will continue to maturity with staff transferring to Recognise.

Due to COVID-19, PFS lending was put on hold in March 2020. All new lending operations will be made through Recognise: the PFS loan book will transfer to Recognise to increase its capital base.

Acorn to Oaks Financial Services Limited was sold to Jason Oakley and his wife Claire Oakley in March 2021 for the net consideration of £1.15m.

Milton Homes business
was adversely affected by the general slow down in the housing market and temporarily by COVID-19 but generated £l.5m cash during the year.

Investor Information Centre

COLG Half-year interim results 2020 

Recognise Banking Licence progress update Sept 2020 

COLG Annual Report and Accounts 2020

Shareholding Enquiries

All enquiries concerning your shareholding should be directed to the Company’s Registrar, Link Asset Services. During this challenging time, extra pressure is being put on telephone services. Therefore, to help  those shareholders who need it the most, please can we encourage you to make use of the online Share Portal.
To access your shareholding via the Share Portal click here.

Financial Calendar 2021

Half Year results published December 2020. Read the HY Results here.

Annual Report Published: August 2021

AGM:  September 2021. 

Articles of Association

To view City of London Group’s Articles of Association, please click here.           

Admission Document             

To view City of London Group’s AIM Admission Document, please click here.

Document library

Advisors

Nominated Adviser:

Peel Hunt LLP
Moor House 120 London Wall
London EC2Y 5ET

Joint Brokers:

Peel Hunt LLP
Moor House 120 London Wall
London EC2Y 5ET

finnCap
60 New Broad Street
London EC2M 1JJ

Auditors

BDO LLP
55 Baker Street
London W1U 7EU

Bankers

Lloyds Banking Group
Threadneedle Street Branch
PO Box 1000 BX1 1LT

Press Enquiries

Heather Armstrong          Tim Pearson

Tavistock 
1 Cornhill 
London EC3V 3ND

Email: colg@tavistock.co.uk

Registrars

The Registry
34 Beckenham Road 
Beckenham Kent BR3 4TU
Telephone: 0871 664 0300 (from UK)
+44 371 664 0300 (from overseas)
Email: enquiries@linkgroup.co.uk

News and Announcements

  • Related party transaction A20 disposal

    The Board of COLG (AIM:CIN) is pleased to announce that it has agreed terms to sell Acorn to Oaks Financial Services ("A2O") to Jason Oakley and his wife Claire Oakley (the "Buyers") for net consideration of £1.15 million (the...
  • Directorate Change

    COLG announces that the Board has today accepted Lorraine Young’s resignation as an independent non-executive director of the Company and should like to take this opportunity to record their thanks...

Board Members

Click here to see details of
COLG’s Board Members
and their biographies

Regulatory

All Regulatory Information
and Contacts.

Our Companies

Click here to see the
Companies owned by COLG.