Natrium Capital, the chemical sector-focused advisory boutique set up by the former global co-head of chemicals investment banking at Lazard, generated a pre-tax profit of £1 million, according to its maiden set of accounts.

The accounts, covering the period from February last year to the end of May 2013, were filed at Companies House late last month. They are the first to be published by Natrium, which was set up by ex-Lazard banker Alasdair Nisbet in February last year and gained regulatory approval from the Financial Conduct Authority on October 2, 2012.