Numis is a leading UK-focused broker and corporate adviser, differentiated from peers by its diversified client base and strong capital position. It has been materially increasing the number and average size of its clients, growing its FTSE 250 presence strongly and the broad sector diversity should generate reasonably stable earnings. Numis has shown innovation in potential growth areas raising capital for companies with new “disruptive technologies” and through its recent investment in Crowdcube. 2015 has been strong, with client numbers up 7% and revenue increasing 5%.