Latest research:

SQS Software Quality Systems: Business update – positive and reassuring: View research
Novae Group: Q3 strong headline growth: View research
Beazley: Strong returns as combined ratio improves: View research
Cropper (James): Increased target price as interims on track: View research
Hiscox: A great business, but it’s in the price: View research
Oilex: Cambay development jeopardised by funding and partner disputes: View research
Lancashire Holdings: Focused on the return: View research
Cropper (James): Increased target price as interims on track: View research
Nighthawk Energy: RBL redetermination not an issue: View research
Jardine Lloyd Thompson: Another disappointment: View research
Northbridge Industrial Services: Purchase of shares by directors: View research
Oilex: Quarterly report shows impact of fund raise: View research
Nighthawk Energy: Positive update boosts EUR from Waterflood: View research
Advanced Oncotherapy: Substantial improvement in sales pipeline: View research
Nighthawk Energy: Back on the growth path: View research
Northbridge Industrial Services: Oil price pressure continues to take its toll: View research
Oilex: Indian site visit: View research
Jardine Lloyd Thompson: Short term pain for long term gain: View research
Kier Group: Headlining the UK roads show: View research
Advance Developing Markets Fund: Proposed acquisition of Investment Manager: View research
SQS Software Quality Systems: H1 results – further details: View research
Sprue Aegis: Strong progress continues: View research
EU Supply: New services to drive sales: View research
The World Trust Fund: Deep-value discounted assets: View research
Safestay: Edinburgh continues growth strategy: View research
Nighthawk Energy: Back on the growth path: View research
EU Supply: Fundraising: View research
SQS: Building critical mass in the US: View research
Sky: Attractive medium-term growth: View research
UBM: Solid progress: View research Strong H1: View research
Rightmove: Strong H1: View research
The Quarto Group: On track: View research
Oilex: Fund raise approved: View research
ITV: Solid H1: View research
Tullow Oil: Re-set for a lower oil price: View research
Pearson: Interim results: View research
The Quarto Group: The next chapter: View research
Euromoney: Disappointing update: View research
Synectics: Return to profitability, but outlook uncertain: View research
Sabien: Breaking through the glass ceiling: View research
Fresenius Med. Care: EPO stealing the spotlight from CC: View research
Saint – Gobain: Favourable timing: View research
Wilmington: Building momentum: View research
Danone: Redemption: View research
Tullow Oil: Making good operational progress: View research
Video Games: What to note from E3 2015?: View research
Dessault Systemes: Victim of its own success?: View research
Albioma: Only 2016 & 2017 matter, not 2015: View research
Optical & Eyewear Sector: Confluence of favourable factors in the optical sector!: View research
Advanced Oncotherapy: Funding secured – now let there be LIGHT: View research
Braemar Shipping Services: AGM statement – trading in line: View research
Cropper (James): Further capital investment initiatives: View research
Taliesin Property Fund: A premium product: View research
Andes Energia: Strong growth at a reasonable price: View research
Tricorn Group: Good profitability progress in H2: View research
Private & Commercial Finance Group: Excellent FY2015 lays strong foundations: View research
WPP: AGM update: View research
Northbridge Industrial Services: Contract delays prompt reality check: View research
UBM: Good progress: View research
AVEVA Group: Waiting for a sign: View research
Majedie Investments: Uplift to NAV: View research
Daily Mail and General Trust: Taxable benefits: View research
Densitron Technologies: Groundwork laid for future profit growth: View research
Braemar Shipping Services: Set fair: View research
ITE: Encouraging interims: View research
Next 15: On a Roll: View research
SQS Software Systems: A good deal in the Great Lakes: View research
Cast: A de facto standard in the making: View research
EU Supply: Results in line and upbeat outlook: View research
Sound Oil: Time to take profits: View research
Gemalto: The ultimate CardMaster, but already fully valued: View research
Sprue Aegis: Europe good, Euro bad: View research
Sky: Believe in better: View research
Oilex: An unconventional growth play: View research
Safestay: Benefits of scale to come through: View research
Insurance: With a friend like Mario…: View research
Utilico Emerging Markets Limited: Real assets, real returns: View research
Spirits: China to drive an accelerated sales trend: View research
Utilities: Looking for the Grail : View research
Parkmead Group: Long-term growth story remains: View research
ITV: In good voice: View research
Lloyd’s: good 2014, but getting tougher: View research
Centaur Media: Trot on: View research
Bowleven: Focus now on Bomono exploration: View research
Faroe Petroleum: 2014 results published – focus on exploration: View research
WPP: Powering on: View research
EnQuest: FY2014 results – protected and on track: View research On the money: View research
adidas Group: American Story vs. Russian Rouble: View research
DIA: Olé!: View research
Rightmove: Still delivering: View research
UBM: Solid platform: View research
Jardine Lloyd Thompson: Reaping what you sow?: View research
ITV: Special delivery: View research
Novae group: FY2014 – a year of delivery: View research
Arria NLG: Deals abound and cost forecasts reduced: View research
Genel Energy:FY2014 results in line: View research
Amlin: FY2014 – money in my pocket: View research
Hiscox: The blue-eyed boy of the sector: View research
Premier Oil: Solid results, focus now on Falklands : View research
STMicroelectronics: forex.augmented : View research
Ithaca Energy: Delays to GSA : View research
Northbridge Industrial Services: Power demand offsets oil uncertainty: View research
Informa: On track: View research
BRIT: Another one bites the dust…: View research
Lancashire Holdings: Delivering above expectations: View research

Westhouse Securities is a leading institutional stockbroking and corporate advisory firm focused on small and mid-cap companies

We are a trusted adviser to both our institutional and corporate clients based on:

  • Industry expertise and in-depth understanding of financial markets
  • Giving best, independent advice at all times

Our experienced team is dedicated to the success of its clients. Through establishing long-term and valued relationships, we deliver a quality and tailored service

  • What we do
  • For our corporate clients, in addition to acting as broker, we also provide financial advice and offer Sponsor and Nomad services for Main Market and AIM companies. Critically, we enable companies to access capital to drive growth and fulfil their ambitions. In the last 12 months we have been involved in over 20 transactions with a total value of over £1.5bn.

    We have dealing relationships with over 400 UK institutional investors for whom we provide in-depth, quality research, advice and trading services. In addition, our collaboration with Bryan, Garnier & Co, a leading European independent broking and corporate advisory firm, provides access to major European and US investors.

  • How we do it
  • The foundation of our business is high-quality, objective research which connects our institutional and corporate clients to their mutual benefit. Crucially, all areas of the firm – sales, sales trading, trading, research and corporate finance & broking – work together to achieve maximum effect for our clients.

  • Our focus
  • We are focused on small and mid-cap companies in the following sectors:


    • Research

      Joanna Parsons

      020 7601 6133

      Joanna joined Westhouse Securities as Head of Research in August 2012. She has been one of the top Extel-ranked small/mid cap Insurance analysts for a number of years as well as extensively covering the General Financials sector. She has also been individually ranked No1 in Extel for all small cap analysts. Joanna previously held the position of Head of UK Mid Market Research at RBS Global Banking & Markets and prior to that worked at ABN AMRO as part of the highly-rated mid/small cap team and at HSBC
    • Sales

      Mark Brown

      020 7601 6126

      Mark Brown joined Westhouse as Executive Chairman in November 2014. He was previously Chief Executive of Collins Stewart Hawkpoint and brings a wealth of experience and leadership in both small and large investment banks. Having worked as the Global Head of Research for ABN AMRO and HSBC, and as Chief Executive of ABN’s UK equities business, Brown led the successful turnaround of Arbuthnot Securities followed by Collins Stewart Hawkpoint.
    • Corporate

      Antonio Bossi

      020 7367 9072

      Antonio has 19 years’ investment banking experience in M&A and ECM with Barings, ABN Amro and Arbuthnot, principally in the London and Italian markets. Antonio is a Qualified Executive for AIM.

    High Growth Companies

    • Research

      Robert Sanders

      020 7367 9060

      Robert joined Arbuthnot Securities, which merged with Westhouse in 2012, in October 2003. Since then he has focused on building a leading franchise in fast-growing smaller companies. Prior to Arbuthnot, Robert was a fund manager at Smith & Williamson, where he ran the S&W Smaller Securities Trust and the S&W Global Technology Trust.
    • Sales

      Fiona Conroy

      020 7601 6136

      Fiona joined the Westhouse sales team in November 2014. She previously worked at Newgate Threadneedle, where she had a senior investor relations role.
    • Corporate

      Tom Griffiths

      020 7367 9071

      Tom is an experienced corporate finance director. He has advised UK small and mid-cap companies across a wide variety of transactions including IPOs, further equity issues and M&A deals. Tom is a Qualified Executive for AIM.

    Investment Funds

    • Research

      Saumya Banerjee

      020 7601 6629

      Saumya started work in the City in 1998 as an investment funds analyst and was head of country funds research for JP Morgan. He has also been a derivatives analyst, run a proprietary trading book for JP Morgan and been a hedge fund manager. Saumya holds a PhD in Financial Economics from Boston University.
    • Sales

      Richard Harris

      Richard joined Westhouse in September 2015 from Kepler Partners. He began his career in the City in 1993 specialising in closed end fund sales, working for 8 years at Olliff and Partners and Robert Fleming. He moved into Asian Equity Derivative Sales in 2001, working at JP Morgan, Citigroup and Barclays Capital before returning to investment trusts in 2014 at Kepler.
    • Sales

      Matthew Kinkead

      020 7601 6626

      Matthew has over 20 years’ sales experience in the City. He joined Westhouse in December 2010 from Arbuthnot Securities, where he specialised in investment funds sales. Before this Matthew held sales roles at Olliff & Partners, Panmure Gordon and Collins Stewart.
    • Corporate

      Alastair Moreton

      020 7601 6118

      Alastair joined Westhouse in November 2010 from Arbuthnot Securities where he specialised in investment funds. Before joining Arbuthnot in 2004, Alastair spent 16 years at HSBC covering all aspects of corporate finance including IPOs, secondary fund raisings and M&A.


    • Research

      Mark Henderson

      020 7367 9061

      Mark joined Westhouse in 2013 and has 18 years’ experience as an international energy investment analyst. He was previously co-head of the Extel-ranked European oil & gas equity research team at Credit Suisse and also has experience at the Abu Dhabi Investment Authority after qualifying as a Chartered Accountant.
    • Sales

      Josh Nimmo

      020 7601 6143

      Josh joined Westhouse in March 2014. He previously worked in sales roles at trading firm Tradition in London and also at Taylor Brunswick in Hong Kong.
    • Corporate

      Alastair Stratton

      020 7601 6124

      Alastair joined Westhouse in July 2014, having previously been Managing Director (Oil & Gas) at Numis Securities. Prior to that he was one of the founding partners of Matrix Corporate Capital LLP where he was responsible for natural resources clients.

    Property, Construction & Support Services

    • Research

      Alastair Stewart

      020 7601 6100

      Alastair has over 30 years’ experience in the construction, housing, building materials, PPP and property sectors. He was a financial journalist for 12 years at Building magazine. He has worked in equities research since 1996 and was previously at Robert Fleming Securities, Dresdner Kleinwort and Investec. Alastair works for Westhouse on a consultancy basis.
    • Sales

      Simon Wickham

      020 7601 6141

      Simon joined Arbuthnot (which merged with Westhouse in 2012) in May 2009. He has 15 years’ experience in UK equities and was previously a director and senior UK equity small and mid-cap salesman at Dresdner Kleinwort. Simon’s core franchise is with major UK long only institutions in London and Edinburgh as well as the larger hedge funds.
    • Corporate

      Robert Finlay

      020 7601 6115

      Robert has over 25 years’ experience advising UK and international companies on accessing and transacting in the UK capital markets. Prior to joining Westhouse at the start of 2013, Robert was head of corporate finance at Canaccord Genuity’s London operations. He has also worked at James Capel & Co, Credit Lyonnais Securities and Hoare Govett.

    Technology & Media

    • Research (Technology)

      Gareth Evans

      020 7601 6100

      Gareth became Westhouse’s Software & IT Analyst in March 2014. Prior to this, he was Joint Head of Research at Investec and the Technology analyst for both Investec and Canaccord Genuity. He is a qualified Chartered Accountant and began his career at Arthur Andersen. Gareth works for Westhouse on a consultancy basis.
    • Research (Media)

      Roddy Davidson

      020 7601 6628

      Roddy began his career in 1990 as an investment analyst before moving into fund management posts including Head of Small/Mid Cap companies at Ignis Asset Management. He has spent the last eleven years as a sell side media analyst. He is currently rated #3 for mid and small cap Media research by Extel and was ranked #3 in the UK and Ireland and #2 in Europe for Media stock picking by Reuters/Starmine during 2015 and 2013, respectively. Roddy holds an MBA and the IIMR qualification.
    • Research

      Will Bin Xu

    • Corporate

      Andy Crossley

      020 7601 6108

      Andy Crossley joined Westhouse as Managing Director in April 2015 to lead our corporate broking efforts and to ensure alignment across research, sales, trading and corporate broking and finance. Andy was previously Head of ECM at Peel Hunt for four years. Prior to that, he was one of the UK’s best known and pre-eminent UK small cap fund managers for over twenty years, primarily at Invesco Perpetual. Andy Crossley is a member of the LSE Aim Advisory Group.
    • Sales

      Simon Wickham

      020 7601 6141

      Simon joined Arbuthnot (which merged with Westhouse in 2012) in May 2009. He has 15 years’ experience in UK equities and was previously a director and senior UK equity small and mid-cap salesman at Dresdner Kleinwort. Simon’s core franchise is with major UK long only institutions in London and Edinburgh as well as the larger hedge funds.
  • Who we are
  • Westhouse is a private company and staff are shareholders in the business. Our main shareholder is Somers Ltd, which is an investment holding company specialising in the financial services sector with UK investments in asset management, asset financing and stockbroking. Somers’ shareholder equity as of 30 September 2014 was US$215m.