Created by the 2023 merger of finnCap and Cenkos Securities, Cavendish Plc's (LON: CAV) remit as the U.K.'s newest investment house is a large one. 
 
Joint chief executive Julian Morse describes the business as a 'full service investment bank'.

"We do everything from the equity capital market side. Look after companies as their brokers, help them raise money, produce research on all of our companies and others in the market, financial advice, but also go right across the spectrum to working with private companies."
 
In addition to Cavendish having highly regarded M&A and debt advisory departments, it also has one of the AIM market's largest equity capital markets tech team.
 
Tech in all its forms of MedTech, FinTech, MediaTech ad infinitum is one sector that contributes to the myriad small-cap growth companies that are the backbone of the U.K. economy and the ones that Cavendish is keen to support.
 
Cavendish is however firmly sector agnostic with a laser like focus on supporting small and medium enterprises. The ones that Morse says "foster innovation, entrepreneurialism and effectively give the economy a huge boost".
 
Cavendish itself fosters not just innovation, but loyalty keeping all of its client facing personnel and retaining 'all of that talent' after the combination of the two brokers which Morse describes as a true merger.
 
The company is now hiring as it expands 'cautiously'. By virtue of the business it is and as a listed entity, Cavendish is chasing results deploying "a platform that can be profitable, even in very tough markets".
 
Cavendish has been nominated as Broker of the Year in the 2024 Small Cap Network awards.

Key moments:

00:00 Intro

00:10 About Cavendish
Sarah Lowther welcomes Julian Morse, Joint Chief Executive Officer of Cavendish, for a chat around the company's business model. Cavendish is one of the newest investment houses following its creation from the merger of finnCap and Cenkos Securities. As the number one broker on AIM, it has been nominated as Broker of the Year by the UK's Small Cap Network.

01:22 Cavendish's client offering
As a full service investment bank, Cavendish helps companies raise money, produces company research, and provides financial advice. Its service offering also expands to working with private companies through its M&A and debt advisory departments.

02:17 Cavendish's client focus
While Cavendish is sector agnostic, its business tends to attract growth companies in particular, most of which are in the areas of tech, life sciences, and media, but also more traditional industries such as industrials and property.

03:19 Emerging tech sectors
Cavendish considers space tech, AI, mining tech, data collection, media tech, fintech, and medical tech to be among the emerging tech sectors. Most of these sectors are intertwined, with innovation as the golden thread that is running through all of them.

12:43 Cavendish's growth strategy
Through the merger, Cavendish has created a critical mass and unique position in the market. With several other competitors having exited the smaller- and mid-cap area, Cavendish sees an opportunity to move into this space while keeping the market that it currently services. The company is in cautious expansion mode, having hired a number of people from peers and competitors over the last months.

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