AKG view on Embarks response to COVID-19

In May 2020 AKG issued their view of the Embark Group’s position regarding Covid-19 as follows:

  • In response to the pandemic, the Group's 'business continuity plans' appeared to have been activated in a timely fashion across all the businesses and office locations. This has resulted in over 95% of the workforce operating from home with all activities being performed remotely, away from core office locations.
  • The business has demonstrated clear business continuity planning and preperation, and this should leave the business in a good position to deal with further emerging aspects of the crisis and to be able to handle the operational challenges presented
    • Within this Embark specifically states that it has maintained all SLAs; all phone lines have remained open; and there has been no significant impact on customer service.
  • The acquired SIML business has also been able to demonstrate an effective transition in working practice and maintain its continuity and stability in the context of the COVID-19 pandemic
  • In terms of financial impact, the Embark Group demonstrates good liquidity, significantly enhanced by the acquisition of SIML, and a strong capital base which is important for each of its component companies (as assessed by AKG from the perspective of customers and their advisers), as well as now having a range of large institutional shareholders. It will also see further strengthening from the acquisition of SIML.

Visit our dedicated COVID-19 page for further updates from Embark Group


About AKG

AKG is an independent organisation specialising in the provision of assessment, ratings, information and consultancy to the financial services industry.

Please visit www.akg.co.uk for further information

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