Proactive specialist asset management
We provide venture, private equity or debt finance to regional businesses with growth ambition.
We have strengthened our balance sheet, grown our assets under management, taken the Group to net revenues and readied the business to take full advantage of the opportunities that will emerge.
Times such as these can be challenging and difficult, but they can also be defining moments. I am proud to be part of #OneMercia.Ian Metcalfe, Non-executive Chair – Mercia
The year ended 31 March 2020 has seen continued positive progress towards the execution of the Group’s strategic plan. This is reflected in the underlying progress made by many of the businesses in the Group’s direct investment portfolio, as well as Mercia’s growing and profitable fund management operations. Notable events during a busy year for Mercia were the successful placing and acquisition, which were announced alongside the Group’s interim results on 3 December 2020.
“Mercia’s management have set out a clear vision for the company, with the acquisition of NVM’s VCT business accelerating Mercia’s transition towards becoming a regionally focused specialist asset manager, managing fee-paying third-party funds and reducing its reliance on its own balance sheet. After a difficult 2019, investors have been seeing real value in the widened discounts to NAV in the sector as COVID-19 fears abate.”
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As we emerge from the current challenging environment, we are well placed with preserved capability and liquidity to sustain our highly selective investment strategy and the flexibility to continue to support and manage our portfolios as companies mature.
Assets under management (“AuM”)
Funds under management (“FuM”)
Direct investment portfolio
2019: £1.4m net expenses
The long-term potential of our direct investment portfolio, with its relatively modest capital needs, remains positive and we expect the value of this maturing portfolio to accelerate beyond the COVID-19 pandemic.Dr Mark Payton, Chief Executive Officer – Mercia
Mercia’s investments across its four asset classes are powering ambitious regional SMEs with the capital that they need to grow. Our business model is designed specifically to support the funding needs of companies through their journey from origin to exit.
Over the course of this financial year, OXGENE has once again doubled its revenue, with a less than 50% increase in headcount. Mercia has continued to support and encourage us through this year of growth and transition.
Jocelyne Bath, Chief Operating Officer – OXGENE
When we decided to partner with Mercia back in 2014 we couldn’t have chosen a better partner to support us and help us scale, as VR moved from being a great idea with huge potential to a fast-growing entertainment sector with tens of millions of active users.
Patrick O’Luanaigh, Founder & Chief Executive Officer – nDreams
The Group is now trading profitably as a result of its fund management activities, providing further positive momentum for the Group’s future prospects.
Martin Glanfield, Chief Financial Officer – Mercia