Mercia Technologies PLC has announced its preliminary results for the year ending 31 March 2018. Group and portfolio highlights · £21.1million net invested in 17 portfolio companies during the year, including three new Emerging Stars · Science Warehouse sold to Advanced Business Software and Solutions Limited generating cash proceeds of £10.5million and a realised gain
A Yorkshire company which specialises in installing telephone masts has secured £500,000 funding from NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. The loan will allow Doncaster-based 8point8 Support to fulfil a major new contract in Netherlands and create 10 new jobs.
Mercia Fund Managers has expanded its team in Yorkshire and the Humber with the appointment of David Wright as Investment Manager. David will be one of the nine-strong team providing local businesses with loans of £100,000 to £750,000 from NPIF – Mercia Debt Finance, which is part of the Northern Powerhouse Investment Fund and is
The CEO of Midland-based CorrosionRADAR is a finalist for Entrepreneur of the Year at the first ever English Women’s Awards 2018. Chiraz Ennaceur is CEO of CorrosionRADAR, a spinout from Cranfield University, which develops remote sensors for monitoring corrosion in oil and gas pipelines. This awards honour follows a £250,000 investment from early-stage technology investor,
A Doncaster engineering firm which made the steel walkways for the sports complex in the 2012 Olympics has secured a £150,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. Universal Coatings will use the money to fulfil new contract wins
A Hull healthtech start-up which has developed an award-winning device to enhance mental wellbeing has secured a £200,000 investment from NPIF-Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. Moodbeam’s wearable device allows users to log their mood and monitor their emotional wellbeing – or
Mercia Technologies PLC is pleased to announce that its direct investment, VirtTrade, has secured a partnership with Formula 1 to join its growing roster of digital initiatives, aimed at providing innovative new methods for fan engagement in the sport. VirtTrade is a developer and publisher of digital trading cards and works with licensors to create
Lancashire Rosebud Finance – which provides growth funding for businesses in the county – helped to create over 40 jobs in the year to the end of March 2018. Rosebud provided loans totalling almost £1.3m to six Lancashire businesses during the year to support their expansion plans, which in turn helped them to raise a
A year on after being selected into the first cohort of the GCHQ Cyber Accelerator programme, CyberOwl is launching Medulla at Infosecurity Europe 2018 on 5-7 June 2018. Medulla is a platform for cyber-risk prioritisation. The technology applies advanced analytics for protective monitoring of information technology and connected operational technology from cyber attacks. The technology
Manchester-based software-as-a-service (SaaS) company, Pimberly has completed a Series A funding round after securing an investment from NPIF – Mercia Equity Finance, which is part of the Northern Powerhouse Investment Fund (NPIF). The £2.0million funding announcement follows 16 months of rapid growth for Pimberly, whose SaaS Product Information Management (PIM) platform helps retailers, distributors and