Specialist equity capital market adviser STJ Advisors has just reported a drop in profits from £2.9m to £2.3m in the year to the end of March 2013, according to documents filed at Companies House.
The niche firm, which advised the Royal Mail Group during the initial stages of its privatisation last year, also witnessed a fall in turnover from £4.7m to £3.933m during a difficult time for the capital markets both in London and in Europe.
Since the year end STJ has witnessed a distinct upturn in activity as the markets in which it operates recovered.
Last year it advised on a number of stock market flotations, including Belgian Post, Deutsche Annington and Stock Spirits.
The firm, which is independent, is run by and was founded by John St John, an equity market specialist.