Connecting Excellence Group Plc, a notable executive recruitment firm with a distinctive Bitcoin treasury strategy, has revealed impressive financial results for January 2026, achieving a record monthly net fee income of £250,000. This milestone follows the company’s entry into London’s Aquis Stock Exchange in December 2025.
Since its initial public offering, the organization has actively expanded its Bitcoin holdings, acquiring an additional 2.06 BTC through proceeds from the IPO and available cash flow. As a result, the company’s total Bitcoin treasury now stands at an impressive 52.42 BTC. This total includes 10 BTC held under a Bitcoin-denominated convertible bond program set for 2026.
In an effort to enhance accessibility for global investors, Connecting Excellence Group also began trading on the OTCQB market in the United States in February 2026, under the ticker symbol XCELF. This strategic move is aimed at broadening the firm’s reach and appeal to international stakeholders.
The company’s core recruitment operation, Spencer Riley, continues to target high-growth sectors such as engineering, logistics, life sciences, automation, and technology. Furthermore, the board is actively exploring potential strategic acquisitions within the executive recruitment industry to bolster growth.
Chief Executive Scott Ellam emphasized that the company’s dual approach—melding recruitment expansion with a strategic Bitcoin accumulation plan—is designed to foster a sustainable, self-reinforcing growth model. This business strategy aims to create long-term value for shareholders.
From incorporation on May 14, 2025, to December 31, 2025, the group reported net fee income of £1.21 million, with fee income for the half-year period increasing by 20.3% to £890,000. This growth in revenue was bolstered by a 12.7% rise in the average fee per placement.
At the end of the reporting period, the company held cash reserves of £1.4 million and Bitcoin valued at approximately £2.62 million. Although the firm reported an EBITDA loss of £54,000 and an operational loss of £59,000, these figures were primarily affected by an exceptional charge of £806,800 related to IPO expenses.
Overall, Connecting Excellence Group’s focus on combining recruitment services with financial strategies centered around Bitcoin positions it distinctly in the market, paving the way for future growth and investor interest.
