The directors present the strategic report for the year ended 31 December 2025.
In 2025, Strategic Investments Group Limited (“SIG”) continued to strengthen its UCITS platform and infrastructure capabilities, underpinned by a sustained focus on distribution, product development, and client engagement. These pillars remain central to the firm’s long-term strategy and continue to guide decision-making throughout the year.
The period was characterised by a challenging market environment, including elevated volatility, shifting macroeconomic conditions, and evolving geopolitical dynamics. This contributed to redemptions within one of the firm’s core strategies. In response, SIG took proactive steps to reposition the business, refining its product offering, optimising its cost base, and enhancing the scalability of its operating model.
During the year, the firm made meaningful progress in advancing its strategic partnerships and developing its product pipeline. This included continued work on the M.D. Sass Concentrated Equity strategy and further expansion of its UCITS platform capabilities. These initiatives are designed to broaden the firm’s investment offering and align more closely with evolving client demand across different market conditions.
Client engagement remained strong throughout the year, with increased in-person meetings, roadshows, and industry conferences across key regions. This has strengthened existing relationships and supported the development of new opportunities, positioning the business for future asset growth.
Looking ahead, SIG is well-positioned to deliver scalable growth, supported by a strengthened platform, an expanding product suite, and deepening client engagement.
SIG continues to operate in a complex and evolving global environment. Investor confidence remains sensitive to macroeconomic and geopolitical developments, including inflationary pressures, changes in monetary policy, global elections, and ongoing geopolitical tensions. These factors contribute to market volatility and can impact asset flows and investment performance.
The firm actively monitors these risks and maintains a flexible business model to respond to changing market conditions. Diversification of product offerings and continued investment in client relationships remain key mitigants.
Technology, particularly the rapid advancement of artificial intelligence (AI), presents both opportunities and risks. SIG is actively exploring the use of AI and automation to enhance operational efficiency, improve scalability, and reduce manual processes, while remaining mindful of associated regulatory, operational, and data risks.
SIG’s core philosophy of prioritising long-term client relationships and maintaining a stable, experienced team has remained unchanged for over two decades. These principles are deeply embedded in the firm’s culture and continue to underpin its resilience across market cycles.
During the year, the business undertook a disciplined review of its operating model, identifying efficiencies that enhance operating leverage while preserving investment in core growth areas. Despite a transitional period, SIG maintained strong financial discipline and effective cost management.
The firm continued to operate with a lean and efficient structure, enabling agility in decision-making and responsiveness to market developments. At the same time, SIG has positioned itself to benefit from improving market conditions and renewed investor demand through its enhanced platform and product offering.
Looking forward, the firm will selectively invest in talent across sales, distribution, and operations, with a particular focus on leveraging technology and AI to support future growth. SIG remains committed to maintaining cost discipline while investing in areas that drive long-term value.
The directors monitor the performance of the business through a disciplined framework, including regular review of financial and operational metrics. Key performance indicators include asset flows, revenue trends, cost efficiency, and progress against strategic initiatives.
Monthly expense reviews, budget tracking, and asset growth analysis are undertaken to ensure alignment with annual financial objectives. Quarterly management accounts form a core part of the reporting framework, supporting ongoing performance assessment and strategic decision-making.
The company is classified as a large company as it is authorised and regulated by the Financial Conduct Authority (FCA) as a cad-exempt MiFid firm. It does not otherwise meet the size requirements to qualify as a large company under the Companies Act 2006.
The directors consider that the key stakeholders for the company are its employees, clients and shareholders.
Due to the small number of employees of the company the directors have engaged with each of them as necessary during the period under review.
The company has continued to trade in the year in line with previous years taking into account the needs and parameters of its clients when providing financial service and investment management services. It operates under the strict rules set out by the FCA which includes treating customers fairly and taking into account their specific circumstances as part of their overall service.
The company provides and maintains regular communications with its shareholders and considers their position when making decisions for the future plans for the business
On behalf of the board
The directors present their annual report and financial statements for the year ended 31 December 2025.
The results for the year are set out on page 10.
No ordinary dividends were paid. The directors do not recommend payment of a final dividend.
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
There are no post balance sheet events that could materially affect these accounts or the result for the year.
As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.
United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
We have audited the financial statements of Strategic Investments Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Basis for opinion
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
The information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
The audit tests, including planning procedures, adopted for the audit of these financial statements are designed to assess and detect the risk of irregularities, including fraud. Our risk assessment of the likelihood of irregularities included the high degree of involvement of the experienced directors, which reduces the risk of irregularities. The audit team was competent to assess the risk and identify any potential irregularities. A thorough understanding of the processes, frameworks and authorisations in place was obtained from the directors and tested throughout the audit.
We obtained an understanding of the legal and regulatory framework that the company operates in, and
identified the key laws and regulations that:
Had a direct effect on the determination of material of amounts and disclosures in the financial statements. These included the UK Companies Act, pensions legislation, tax legislation; and
Do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. These included the Financial Conduct Authority regulations.
We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the company for fraud and how and where fraud might occur in the financial statements.
As a result of performing the above, we identified the greatest potential for fraud or non-compliance with laws and regulations in the following areas, and our specific procedures performed to address them are described below:
The parent company earns fees based on the assets under management. Fee income calculations were reviewed on a sample basis to ensure that income was not overstated by the group.
In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.
In addition to the above, our procedures to respond to the risks identified included the following:
reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and
enquiring of management and concerning actual and potential litigation and claims, and instances of noncompliance with laws and regulations
As the parent company is FCA regulated the additional legislation and rules relating to this organisation was also considered.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
The profit and loss account has been prepared on the basis that all operations are continuing operations.
As permitted by section 408 of the Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s loss for the year was £94,922 (2024 - £243,749 loss).
Strategic Investments Group Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is C/O Streets, Orderly House, Dragoon Road, Colchester, CO2 7FU. The principal place of business is 25 Eccleston Place, London, SW1F 9NF.
The group consists of Strategic Investments Group Limited and all of its subsidiaries.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The consolidated financial statements incorporate those of Strategic Investments Group Limited and all of its subsidiaries (ie entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits).
All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover represents amounts receivable for services provided to institutional investors and other service agreements with institutional providers.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.
Equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably are recognised at cost less impairment until a reliable measure of fair value becomes available.
In the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.
Financial assets comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital.
Financial liabilities held at amortised cost comprise all creditors except social security and other taxes, deferred income and provisions. Assets and liabilities held in foreign currencies are translated to GBP at the balance sheet date at an appropriate year end exchange rate.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
The company has issued share options to certain employees of its subsidiary company, SIG (Deutschland) GmbH.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The following judgements have had the most significant effect on amounts recognised in the financial statements.
The accrued income is calculated by reference to the value of the fund at each quarter end and is based on the contractual terms.
Balances are considered factual but movements in foreign exchange rates can impact the figures throughout the year.
Rebate expenditure is based on the value of the fund at the quarter end from which the introducer fees are calculated.
Balances are considered factual but movements in foreign exchange rates can impact the figures throughout the year.
An analysis of the group's turnover is as follows:
The average monthly number of persons (including directors) employed by the group and company during the year was:
Their aggregate remuneration comprised:
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024 - 1).
The actual (credit)/charge for the year can be reconciled to the expected credit for the year based on the profit or loss and the standard rate of tax as follows:
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
The subsidiary company, SIG (Deutschland) GmbH, operates an EMI share option scheme under which an employee has been granted options over 3 ordinary shares in Strategic Investments Group Limited at a strike price of £9,000 per share. This agreement is dated 30 September 2021 and is only exercisable whilst an employee and lapses after 10 years. These share options granted only vest upon a future Exit event such as a sale of the Company.
Under FRS 102 Section 26, vesting dependent upon an Exit is treated as a service condition. Accordingly, no charge is recognised until it becomes probable that the Exit event will occur. At the reporting date, the directors consider that an Exit is not probable, and therefore no expense has been recognised in these financial statements.
The other reserve represents the movement on the exchange differences on consolidation of the subsidiary SIG (Deutschland) GmbH.
Details of the company's subsidiaries at 31 December 2025 are as follows:
Registered office addresses (all UK unless otherwise indicated):
The investment in the subsidiary is stated at cost.
There is a distribution agreement between the company and Strategic Investment Funds UCITS Plc, an entity registered in Ireland and in which Mr A Ballos and Ms S Gawaly are directors of. During the year income of £383,977 was received (2024: £915,088). At the year end, £146,387 was outstanding (2024: £167,560).
There is a distribution agreement between the company and Strategic Active Trading Funds Plc, a company registered in Ireland and in which Mr A Ballos and Ms S Gawaly are directors of. During the year income of £Nil was received (2024: £39,889). At the year end no amounts were outstanding (2024: £39,889).
There is a consultancy agreement between the company and Platform Consulting P.C., a company registered in Greece which is fully controlled by Mr A Ballos. During the year, consultancy fees of £77,196 was charged (2024: £31,221) and at the year end there were no amounts still payable (2024: £Nil).
Interest free loans have been granted by the group to its directors as follows:
The amounts advanced to the directors were repaid on 31 January 2026.