Today Mercia Asset Management PLC has announced its Half Year Results to 30 September 2019.
Mark Payton, Chief Executive Officer of Mercia, commented: “We are six months into our three-year plan to double assets under management, move the Group to a profitable trading position and evergreen our balance sheet. We expect that this will be achieved through both organic growth and selective acquisitions. I am pleased to say that we have made a solid start to the year, demonstrating our ability to deliver for all our stakeholders. We have strong liquidity across our managed funds and a maturing balance sheet investment portfolio which is now attracting increasing third-party syndication, particularly from venture capital trusts. Mercia is now a highly differentiated Group which is poised for further growth. We remain confident in our ability to deliver strong returns for shareholders and fund investors alike over the near to medium-term.”