Annual Report and Accounts 2024 Mercia Asset Management PLC
Strategic report
Operational highlights
•
Over £0.5billion of organic funds under management inflows with no redemptions (2023: £0.1billion)
– Awarded five British Business Bank regional mandates totalling c.£360million as part of the Midlands Engine Investment Fund II
and the Northern Powerhouse Investment Fund II
– Successful £60.0million fundraise by the Mercia-managed Northern Venture Capital Trusts, with allotments completed in
December 2023 and April 2024
•
Unrestricted liquidity of c.£713million across both the balance sheet and managed funds (2023: c.£378million)
•
Profitable realisation of direct portfolio investment nDreams Limited, bringing £26.4million of cash back to the Group’s debt-free
balance sheet
•
In excess of c.£225million invested and lent by Mercia-managed funds (2023: c.£144million)
Financial highlights
£30.4m
Revenue
2023: £25.9m
£5.5m
EBITDA
2023: £5.2m
£189.2m
Net assets
2023: £202.9m
0.55 pence/share
Proposed final dividend
2023: 0.53 pence/share
£46.9m
Cash
2023: £37.8m
43.4 pence
Net assets per share (“NAV”)
2023: 45.4 pence