Final Results

Brooks Macdonald Group PLC
14 September 2007



BROOKS MACDONALD GROUP PLC FINAL RESULTS


Year ended 30 June 2007



14 September 2007



Brooks Macdonald Group plc is an integrated private client discretionary asset
management and financial advisory group.



Financial and business highlights



• Profit before tax of GBP1.6 million, an increase of 95%



• Turnover up from GBP8.2million to GBP12.0 million, a rise of 46%



• Discretionary funds under management up from GBP638 million to GBP915 million,
a rise of 43%


• Dividend of 2.25p (1.5p) per share proposed payable on 22 October 2007 to
shareholders on the register on 28 September 2007 The ex dividend date is 26
September 2007.



Chris Macdonald, CEO said:



'The Group has had a successful year in both its Asset Management and Financial
Consulting businesses with turnover, profit and discretionary funds under
management all showing substantial rises.



In spite of the recent market weakness, demand for our services in the high net
worth market place remains high. Recruitment over the last twelve months,
investment in infrastructure, the opening of our Manchester office, the
continued growth of the SIPP market and our high quality staff leaves the Group
in a strong position for the current year and beyond.'



Enquiries



Chris Macdonald, Chief Executive Officer
[e-mail]



Simon Jackson, Finance Director
[e-mail]



Chairman's Statement



I am pleased to report our results for the year ended 30 June 2007, our second
full year as an AiM company. The Group has had an excellent year, achieving a
significant increase in profits and in funds under management while continuing
to build for the future.



Turnover was £12.0million an increase of £3.8million or 46%; pre-tax profit was
£1.60millon compared to £0.82millon in 2006, an increase of 95%; and funds under
management rose by 43% from £638million to £915million.



The Board has decided to declare a dividend of 2.25p per share compared with
1.5p for the previous year. The dividend is subject to approval by shareholders
at the Annual General Meeting on 16 October 2007 and has not been included as a
liability in these financial statements.



Asset Management

The growth in funds under management endorses our continued objective of
providing high levels of personal service with superior investment returns. Over
the period investment markets have been favourable - the FTSE100 rose by 13% and
APCIMs(1) Balanced (a more reflective index) rose by 9% - but our strong organic
growth and investment returns have delivered a rise in funds under management of
43%. Support and demand from professional intermediaries and the enormous
opportunities in the Self Invested Personal Pension (SIPP) market have been two
key drivers to the growth of funds under management.



Financial Consulting

Turnover continues to rise in our financial planning company, Brooks Macdonald
Financial Consulting (BMFC), with expansion across all five key areas (employee
benefits, tax planning, mortgage finance, pension provision and financial
planning). In BMFC and across the Group as a whole, we remain committed to the
provision of independent fee based advice to the high net worth individual.



We have opened an office in Manchester, building on the success we have already
achieved in the north-west, and we have continued our recruitment process at all
levels.



Our success is a reflection of the quality of our staff and their hard work,
enthusiasm and dedication. It is their professionalism which gives us confidence
in the future success of the Group.





Christopher Knight
Chairman





(1) Association of Private Client Investment Managers



                                    Consolidated Profit and Loss Account
                                        for the year ended 30 June 2007


                                      Note
                                                          2007                          2006
                                                     £                £            £               £
Turnover                               2,3                   12,070,569                    8,168,713
                                                          
Administrative costs                                        (11,058,555)                  (7,767,849)
                                                              1,012,014                      400,864

Other operating income                   4                      153,624                      155,460

Operating profit                       4,5                    1,165,638                      556,324

Income from current asset                            -                         7,191
investments
Interest receivable                      6     434,694                       257,509
                                                                434,694                      264,700
Profit on ordinary activities                                 1,600,332                      821,024
before taxation

Tax on profit on ordinary                7                    (437,246)                    (237,794)
activities

Profit on ordinary activities after                           1,163,086                      583,230
taxation

Dividends paid                           8                    (147,197)                     (98,110)

Retained profit                         21                    1,015,889                      485,120
for the year

Earnings per share

Basic                                   24                       11.85p                        5.95p
Diluted                                 24                       10.99p                        5.60p





None of the Group's activities was acquired or discontinued during the above two
financial years.


The Group has no recognised gains or losses other than the profit for the above
two financial years.



                                 Consolidated Balance Sheet as at 30 June 2007


                                       Note
                                                              2007                      2006
                                                          £            £             £            £


Fixed assets

Tangible assets                        9                         465,769                    169,468

Current assets

Debtors                                11         3,171,988                  1,960,876
Investments                            12                37                         37
Cash at bank and in hand                          4,956,120                  3,532,442
                                                  8,128,145                  5,493,355
Creditors, amounts falling due within  13       (4,089,900)                (2,346,329)
one year

Net current assets                                             4,038,245                  3,147,026

Total assets less current liabilities                          4,504,014                  3,316,494

Creditors, amounts falling due after   14                       (20,313)                   (26,563)
more than one year

Provisions for liabilities             15                      (204,990)                  (193,300)

Net assets                                                     4,278,711                  3,096,631

Financed by:


Capital and reserves


Called up share capital                17                         98,131                     98,131
Share premium                          18                      1,365,910                  1,365,910
Merger reserve                         19                        191,541                    191,541
Share option reserve                   20                        220,191                     54,000
Profit and loss account                21                      2,402,938                  1,387,049

Shareholders funds                     22                      4,278,711                  3,096,631




                                     Consolidated Cash Flow Statement
                                      for the year ended 30 June 2007



                                     Note
                                                           2007                        2006
                                              £                     £             £               £


Net cash inflow from operating        16                    1,820,668                       886,832
activities

Returns on investments and servicing of finance


Interest received                     6                      434,694                       257,509

Taxation
                                                            (258,245)                     (146,553)

Corporation tax paid

Capital expenditure and financial investment
                                              (426,242)                   (111,905)

Purchase of fixtures, fittings and
equipment
Sale of investments                                   -                      25,177
                                                            (426,242)                      (86,728)

Equity dividends paid                                       (147,197)                      (98,110)

Financing
                                                                    -                         3,265

Increase in share capital


Net cash inflow in year                                     1,423,678                       816,215

Net funds at beginning of year                              3,532,442                     2,716,227
Net inflow                                                  1,423,678                       816,215

Net funds at end of year                 23                 4,956,120                     3,532,442



Note 1 Basis of accounting and preparation



The financial statements have been prepared under the historical cost convention
and in accordance with applicable accounting standards.  The principal
accounting policies of the Group have remained unchanged from the previous year
and are set out below.

The Group has applied the requirements of FRS 20 Share-based Payment. The Group
engages in equity settled share-based payment transactions in respect of
services received from certain employees. The fair value of the options granted
is determined using option pricing models, which take into account the exercise
price of the option, the current share price, the risk free interest rate, the
expected volatility of the Company's share price over the life of the option/
award and other relevant factors.



Note 2 Earnings per share



Basic earnings per share are calculated by dividing the Group profits after tax
of GBP 1.163,000 by 9.81m, the weighted average number of ordinary shares in
issue over the year ended 30 June 2007. The resultant earnings per share for the
year are 11.85p.



Note 3 Statutory accounts



The financial information set out above does not constitute the Group's
statutory information for the year ended 30 June 2007 but is derived from those
accounts. Statutory accounts for the year will be delivered to the Registrar of
Companies following the Company's annual general meeting. The auditors have
reported on these accounts, their reports were unqualified and did not contain
statements under the Companies Act 1985, s237 (2) or (3).





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