Ambitious, as defined by the team who makes up #OneMercia. But this is within a multilayered context that also speaks to our values, ethos and purpose. When asked to define Mercia, our team curated these words that best describe us, some of which we will bring to life in this year’s Annual Report.
Non-executive Chair's statement
In the midst of the greatest social, economic and geopolitical uncertainty in a generation, Mercia has delivered a second consecutive year of outstanding financial results, thanks to our continuing focus on being the first choice for our investors, investees and employees.
Mercia by numbers
Net assets per share
2021: 40.0 pence
Adjusted operating profit*
Profit before taxation
Proposed final dividend
2021: 0.3 pence/share
Assets under Management
* Excluding performance fees
** Including short-term liquidity investments
Accelerating our ESG journey
Our commitment to expand our responsible investment agenda has placed sustainability at the heart of our culture.
Progress in our journey has seen the integration of our ESG framework into our investment analysis and decision-making and this will remain an ongoing priority for all of us.
Responsible investment is in Mercia’s DNA. In 2014, our foundation had a clear purpose: to address the regional funding gap. This gap has, unfortunately, only widened in the subsequent years: London received 60% of all investments into the UK in 2014 and this increased to 75% by 2020. This disparity has only strengthened our resolve to lessen this gap and create value in the communities we serve.
Delivering a sustainable future
We are one year into our journey towards achieving our ‘Mercia 20:20’ targets and we remain firmly on course. We have exceeded the average annual profit before tax (“PBT”) target and continued to increase our AuM against the backdrop of our significant investment exit performance.