Numis Securities' new bosses are eyeing an upturn in mergers and acquisitions activity after the corporate finance house reported another record year for revenues.

Numis's parent group, Numis Corporation, published results for the 12 months ending September 30 on December 7. Revenues of £112.3 million were 15% ahead of where they stood a year earlier, while pre-tax profits rose by 25% to £32.5 million.