Investor in early stage financial services, B.p. Marsh & Partners increased its asset value in the first half of the year by 16 per cent to almost £180m.
The company’s holdings swelled to £179.8m compared to £155m at the same period in 2021, while its net asset value per share increased to 499p, up from 430.4, last year.
B.P. Marsh and Partners also had a boost in profit before tax, up to £17m from last year’s covid-affected period, which had just £6.2m. However, it was down from January of this year, at £19.4m.
Annoucning liquidity of almost £13m, its chairman Brian Marsh said he was “delighted the Company has achieved such a strong set of results.
“Our performance demonstrates the benefits of having a diverse portfolio both by business line and geography and shows that the financial intermediary space continues to have room for young, dynamic entrepreneurial businesses.
“Following a series of disposals in the past 12 months, we are actively seeking new investment opportunities to add to our portfolio while further supporting our investee companies fund their growth plans.”
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