Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Walker Crips to be taken private in £6m deal
(Sharecast News) - Walker Crips Group is to be taken private by its largest shareholder in a £6m deal, the embattled wealth manager announced on Monday, sending the stock rocketing. Singapore-based broker-dealer PhillipCapital, which already owns 29% of the London-listed firm, has offered 14p per share in cash, valuating Walker Crips at £5.96m.
The price is an 87% premium to Friday's closing price of 7.5p.
As at 0830 GMT, the stock had surged 69% to 12.68p.
Walker Crips, which traces its history back to 1914, has endured a difficult period recently, as it battles with legacy compliance issues and stricter UK regulations.
In July, Phillip Brokerage - the parent company of PhillipCapital - was forced to step in with an emergency £5m loan, repayable at the start of 2026.
Recommending the offer on behalf of the board on Monday, non-executive director Mark Nelligan said: "Walker Crips has faced a number of challenges in recent years.
"The offer represents an attractive premium and offers shareholders the certainty of cash in the near term, while also mitigating the risk associating with the repayment of the working capital facility in January.
"Under PhillipCapital's private ownership, without the costs and regulation of a listed company, Walker Crips will be able to pursue its strategy while benefiting from the capital and backing of PhillipCapital."
The company also provided an update on trading. Confirming it had launched a comprehensive review of the business, it warned it did "not anticipate a near-term improvement in financial performance".
It continued: "The growing complexity and breadth of the group's service offerings have increased the resources required to monitor and regulate its fund management activities.
"As previously announced, the continuing costs of addressing historic legacy issues, and the changed regulations relating to interest paid on clients' cash deposits, have meaningful negative effects on the outlook for the current year's profits."
Walker Crips, which first listed on the London Stock Exchange in 1996, is due to announce results for the six months to 30 September in December.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
