FY26 interim results announcement
Mercia Asset Management PLC is pleased to announce its interim results for the six months ended 30 September 2025.
‘Mercia has delivered a robust first half performance with our increased economies of scale driving both EBITDA and EBITDA margin growth.’
– Dr Mark Payton, Chief Executive Officer, Mercia Asset Management PLC
Publication of Prospectus by the Northern VCTs
Mercia is delighted to announce the publication of the Northern VCTs’ Prospectus in relation to offers of new ordinary shares for subscription in the 2025/26 tax year. The offers seek to raise a total of £14million for each of Northern VCT PLC and Northern 2 VCT PLC and £7million for Northern 3 VCT PLC, with over-allotment facilities to raise a further £6million for each of Northern VCT PLC and Northern 3 VCT PLC and a further £3million for Northern 2 VCT PLC.
The offers are now open to applications.
Applications for new shares in the Northern VCTs will be dealt with on a ‘first-come, first-served’ basis.
In recognition of the loyalty of the Northern VCT shareholders, existing shareholders on the register of member of any of the Northern VCTs, as at 16 June 2025, along with their spouse or civil partner, whose applications for shares in any of the Northern VCTs are accepted will benefit from a reduction of 0.5% in the offer costs application to their subscription.
Early-stage innovation
Through our award-winning VCTs and EIS fund, Mercia gives individual investors access to early-stage innovation and regional growth. Back UK entrepreneurs, enjoy tax benefits, and build a portfolio with impact.
Highlights
Invest in real businesses solving real problems
30% income tax relief (EIS), CGT deferral, IHT benefits
The tax treatment depends on your individual circumstances and
may be subject to change in the future.
Targeted regular dividends and long-term capital growth (VCT)
Backed by decades of experience and thousands of investors
Case study highlight
Based in Cambridge, Camena Bioscience produces long and complex synthetic genes using a pioneering new technology. Our approach provides a significant advancement in gene synthesis accuracy.
Steve Harvey (CEO and Co-founder) and James Richardson (VP of R&D) talk us through its bespoke product and processes, and how the backing of Mercia Ventures has helped them rapidly scale.
What you can count on
High-growth UK businesses
Access to growth-stage and lower-mid-market UK businesses
Custom investment structures
Bespoke structuring, co-investment rights and reporting
Dual strategy approach
Exposure to both yield-generating and capital growth strategies
Purpose-driven investing
Alignment with sustainability, intergenerational goals and UK impact
Mercia's sustainability strategy
Head of Institutional Distribution, Dean Heaney, and Sustainability Manager, Bansi Dhillon chat about Mercia’s sustainability strategy, measurement frameworks and how Mercia implements these approaches across all the different asset classes.
Why Mercia?
We partner with leading institutional investors, pension funds and family offices to deploy capital into overlooked UK regions with high-growth potential. Our model blends access to proprietary deal flow with active portfolio stewardship and a commitment to sustainability and responsible investing.
Mercia at a glance
- C.£2.0bn AuM
- Four investment strategies: Private equity, private debt, EIS & VCT and property development finance
- 11 UK regional offices providing unique market access
- Backed by leading LPs including British Business Investments and UK pension funds
What we offer
Private equity
Growth capital for lower-mid market SMEs, with hands-on value creation.
Private debt
Senior and Stretch Senior lending to profitable UK SMEs, targeting double-digit IRRs.
EIS & VCT
Tax-efficient access to early-stage innovation.
Property development finance
Targeted capital for regeneration and development projects.
Market commentary & updates
UK Private Markets insights and news
Sustainability & stewardship
We integrate ESG performance monitoring across all investments and are targeting a Net Zero portfolio by 2050.