Mercia is pleased to announce that nDreams Limited has acquired Brighton-based Near Light Limited. Founded in 2016, Near Light is a long-term partner of nDreams and a virtual reality (“VR”) and augmented reality (“AR”) game development studio. Near Light developed the nDreams-published Perfect and Shooty Fruity VR titles, in addition to recently pioneering an AR
Warwick Acoustics Ltd, UK-based audio technology company renowned for its Electrostatic Loudspeaker innovation – has enhanced the experience on its Board through the appointment of Ian Harnett, a revered automotive industry leader, as a Non-Executive Director. With an automotive career that spans nearly four decades, Harnett brings to Warwick Acoustics leading-edge expertise and high-level experience
In this webinar, Vestd Equity Consultant Alan Clarke will introduce the most common equity incentives and share schemes available today. We’ll explore reasons to set them up and some of the practicalities involved. Vestd is the UK’s first, most advanced and only regulated digital share scheme platform for SMEs. Thousands of founders use Vestd to
Watch Mercia’s FY23 interim results presentation, given by Dr Mark Payton, Chief Executive Officer, Martin Glanfield, Chief Financial Officer and Julian Viggars, Chief Investment Officer.
Overall financial performance Mercia has maintained positive financial momentum during the first half of the current financial year, with increases in adjusted operating profit, net assets and net assets per share. Interim dividend The Board adopted Mercia’s progressive dividend policy in December 2020, and since then has announced interim dividends of 0.10 pence per share
Mercia is delighted to announce that it has acquired the entire issued share capital of the central-Birmingham headquartered Frontier Development Capital Limited (“FDC”), for a total consideration of up to £9.5million plus net cash. FDC is a leading, regionally focused lender to SMEs, with c.£415million of funds under management (“FuM”). The acquisition is expected to
Investment activity During the six months to 30 September 2022, we invested c.£56million into 80 businesses across our funds and balance sheet. This included 34 companies new to Mercia’s third-party managed funds and one new direct investment portfolio company, Uniphy. At the end of the period, we had c.£296million of liquidity to support our future
Introduction In these challenging times, it is pleasing to report continued, steady momentum at Mercia. We are in the strong position of being able to build from a solid base, providing support for founders and managers of many of the UK’s leading SMEs, to enable them to focus on long-term growth. Key metrics that demonstrate
Dr. Paul Mattick discusses the key results for the previous quarter, recent exits and more. Watch for updates on: – Our progress so far this year – Key results from Q3 – Recent exits – Valuations and realisations across our portfolio (Capital at Risk. Past performance is not a reliable indicator of future return) Visit
Mercia has always sought to provide diversity in finance markets as well as the geographic scope of where that investment is made. At Mercia, the pathway for regional SMEs to access venture capital intersects two other asset classes, private equity and debt finance, the latter of which provides SMEs with the critical loans that they