Investor Relations
Delivering Consistent Investor Returns.
About Fletcher King
For over 50 years Fletcher King has been involved in long term client relationships providing advice on property fund management, property asset management, investment broking, valuations, rating and development across the UK.
We combine property skills with commercial sense and judgment, and deal with our clients’ property as if it were our own.
The team at Fletcher King has dealt successfully with the challenges of the last three major recessions in the property sector and brings a wealth of experience to the current market.
Fletcher King is AIM listed and unlike many of our competitors we have no debt and significant cash reserves.
Directors & Officers
David Fletcher (Non Executive Chairman)
D J R Fletcher FRICS (born 1942), is a founding partner and Chairman of the Company. He has extensive experience in property and fund management, advising clients such as the pension funds of IBM, Debenhams, BHS, Allied Domecq and the Industrial Training Boards as well as the Stratton House Investment Property Syndicates and other clients.
Richard Goode (Non Executive)
R E G Goode FRICS (born 1953), was jointly responsible for running the Company from 2000 until handing over Managing Director responsibilities to Paul Andrews in May 2020. Previously he worked in the property investment department of DTZ and Hillier Parker. He has been involved in fund and asset management for a number of major institutional and in-house clients.
Bob Dickman
R A Dickman BSc Hons, Est Man FRICS (born 1957), is a Chartered Surveyor, and has been a director of Fletcher King since May 1992. He heads up the professional services department including Valuation and Ratings. Prior to joining Fletcher King he has worked in the corporate and public sector.
Paul Andrews (Managing Director)
P J Andrews MRICS (born 1973), heads up the Asset Management department and is Managing Director. He has worked at Fletcher King since 2007, prior to which he was an asset manager of UK shopping centres whilst at Edinburgh House Estates Limited.
David Stewart (Non Executive)
David Stewart (born 1945), has had a long career in banking. At Abbey National he led the Business Finance Division and was responsible for all business banking and asset finance activities of First National Bank and Abbey National. Prior to that he held senior appointments with TSB Group, Hill Samuel Bank, Creditanstalt & County Natwest Ltd.
Peter Bailey (FD & Company Secretary)
Peter Bailey ACA (born 1968), is a Chartered Accountant and joined Fletcher King in 2008. He manages the finance and compliance functions for all Group Companies and Property funds. Prior roles include FD at an IT management consultancy and 10 years in practice with a top 10 firm of accountants which included 5 years in the corporate finance advisory and transaction services teams.
Matthew Wise (Non Executive)
Matthew Wise (born 1962), was, until April 2021, Chief Operating Officer and Head of Asset Management at Chelsfield Group. Since April 2021, he has been advising Elliott Bernerd’s Private Office on a number of domestic and international transactions. Prior to joining Chelsfield Group in 2011, Mr Wise worked for a number of private and publicly quoted property companies, working on property throughout Western Europe and the UK.
David Gibbs (Non Executive)
David Gibbs (born 1969), was the Managing Partner of Sunrise Brokers, an inter dealer brokerage which employed 200 people in London, New York and Hong Kong, from 2005 to 2017. It was sold to BGC Cantor Fitzgerald in 2016. He is currently a director of Envy Post Production Limited, Chelsfield Capital LLP and Chelsfield Retech Investments Limited.
The Company is a public limited company incorporated and domiciled in England and Wales and listed on the AIM market of The London Stock Exchange. The registered office address is 19-20 Great Pulteney Street, London W1F 9NF. The UK is the main country of operation. The group derives the majority of its revenue from the UK Market. The information has been disclosed pursuant to rule 26 of the AIM Rules for Companies and was last updated on 15 September 2023.
Latest information on share price and performance
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AIM Securities
The Company currently has 10,252,209 ordinary shares of 10 pence each in issue. 46.92% of the above shares are considered by AIM rules not to be in public hands. There are no restrictions as to transfer. As at 15 September 2023, the Company was aware of the following holdings of 3% or over:
| Number of Ordinary Shares |
% | |
|---|---|---|
| CM Strategic 613 Limited | 3,074,641 | 29.99 |
| District & Urban Group | 943,781 | 9.21 |
| David Fletcher | 672,180 | 6.56 |
| LowerLand Limited | 416,250 | 4.06 |
| Simon de Zoete | 430,000 | 4.19 |
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CORPORATE GOVERNANCE
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Corporate Governance
The Company complies with the Quoted Companies Alliance Corporate Governance Code 2018 (“QCA Code”). The Company’s corporate governance statement and disclosures of compliance with the QCA Code can be downloaded below. The Board recognises its responsibilities for the proper management of the Company and is committed to maintaining a high standard of corporate governance commensurate with the size and nature of the Company and the interests of its shareholders.
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Share Dealing Code
The Company has adopted, and will operate where applicable, a share dealing code for Directors and applicable employees under the equivalent terms to those provided by Rule 21 of the AIM Rules for Companies.
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Takeover Code
The Takeover Code applies to the Company and governs, inter alia, transactions which may result in a change of control of a company to which the Takeover code applies.
ADVISORS
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Secretary and Registered Office
Peter Bailey ACA
19-20 Great Pulteney Street, London W1F 9NF -
Tax Advisors
Rawlinson & Hunter LLP
Eighth Floor, 6 New Street Square,
New Fetter Lane,
London EC4A 3AQ -
Nominated Adviser & Broker
Cairn Financial Advisers LLP
Ninth Floor, 107 Cheapside,
London EC2V 6DN
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Principal Bankers
NatWest Bank Plc
1st Floor, 440 Strand,
London WC2R 0QS -
Solicitors
Boodle Hatfield,
240 Blackfriars Road,
London SE1 8NW -
Solicitors
Wedlake Bell LLP
71 Queen Victoria Street,
London EC4V 4AY
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Auditors
CLA Evelyn Partners Limited
45 Gresham Street,
London EC2V 7BG
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Registrars and Transfer Office
Computershare Investor Services Plc
Registrar’s Department, PO Box No 82
The Pavilions, Bridgwater Road,
Bristol BS99 7NH -
Dedicated shareholder telephone number:
0870 889 4095
committees
Audit Committee
D H Stewart, Chairman
D J R Fletcher
The Committee meets at least twice each year to consider the Company’s public reports and to review the work of the external auditors. The Committee satisfies itself that the auditors remain independent and monitors the level of non-audit services supplied to the group. The auditors confirm their independence in writing to the Committee on an annual basis.
Remuneration Committee
D H Stewart, Chairman
D J R Fletcher
The Committee meets as and when appropriate and, with the help of periodic reports from independent remuneration consultants, is responsible for recommending Directors’ remuneration, the terms and conditions of their service contracts, and the allocation of options to Directors.