X

About

Advertise

Contact

Linkedin
Twitter
Facebook-f
  • News
    • In the Press
    • Politics and Finance
  • Featured
    • Podcasts & Films
    • Interviews
    • Events
    • Finance on Social Media
    • Jobs
    • MPS Report
  • GBI
    • Tax Efficient Investments
    • Open Investment Opportunities
    • People Behind the Product
    • GBI Magazine Issues
    • About GBI
  • Business
    • Regulation and Compliance
  • Magazines
  • The M&G Adviser Hub
Menu
  • News
    • In the Press
    • Politics and Finance
  • Featured
    • Podcasts & Films
    • Interviews
    • Events
    • Finance on Social Media
    • Jobs
    • MPS Report
  • GBI
    • Tax Efficient Investments
    • Open Investment Opportunities
    • People Behind the Product
    • GBI Magazine Issues
    • About GBI
  • Business
    • Regulation and Compliance
  • Magazines
  • The M&G Adviser Hub
Search
Close

About

Advertise

Contact

Jobs

Tools for Advisers

Untitled-1
Linkedin
Twitter
Facebook-f
  • News
    • In the Press
    • Politics and Finance
  • Featured
    • Podcasts & Films
    • Interviews
    • Events
    • Finance on Social Media
    • Jobs
    • MPS Report
  • GBI
    • Tax Efficient Investments
    • Open Investment Opportunities
    • People Behind the Product
    • GBI Magazine Issues
    • About GBI
  • Business
    • Regulation and Compliance
  • Magazines
  • The M&G Adviser Hub
Menu
  • News
    • In the Press
    • Politics and Finance
  • Featured
    • Podcasts & Films
    • Interviews
    • Events
    • Finance on Social Media
    • Jobs
    • MPS Report
  • GBI
    • Tax Efficient Investments
    • Open Investment Opportunities
    • People Behind the Product
    • GBI Magazine Issues
    • About GBI
  • Business
    • Regulation and Compliance
  • Magazines
  • The M&G Adviser Hub
Untitled-1
Linkedin
Twitter
Facebook-f

WEBINAR – A Year in Review 2020 – Mercia’s portfolio perspective

by Kim Wonnacott
December 9, 2020
in Events, GBI, News, Sponsored
Share this story
WEBINAR – A Year in Review 2020 – Mercia’s portfolio perspective
Share this story

Advisers, paraplanners and investment managers are invited to join the Mercia Webinar taking place on Tuesday, Dec 15 at 02:00 PM. It’s a great opportunity to get down to detailed due diligence and see for yourself the progress being made within the business and what’s driving their business and investment success.

Click here to register for the webinar

What can you expect?

During the webinar, there will be a round-up of 2020 from Mercia’s commercial perspective and inputs from various portfolio companies.

This event will be hosted by Paul Mattick, who heads the Sales and Investor Relations team for the Mercia EIS Funds. It will also include presentations from other members of the Mercia team including Mark Payton (CEO) on the Mercia Asset Management interim results, Peter Dines (COO) on the EIS and VCT strategies, and a look ahead to 2021 by the Saturday Economist John Ashcroft.

In addition, there will be multiple fund managers discussing the year that was with portfolio companies.

Business highlights

In terms of Mercia’s business performance, there were many highlights, as the team will discuss. There was strong growth in adjusted operating profit and fair value movements (“FVM”). Assets under management have increased by c.78% to £872m and revenue up c.51% to £8.4m and adjusted operating profit of £1.1m. In terms of investments, again there will be plenty of insight into the rationale and progress of their top holdings as well as the more recent additions to the portfolios. There will also be a look at exits and with Clear Review recently sold for £1m in cash, double Mercia’s direct investment, there’s plenty to get excited about.

Mark Payton, Chief Executive Officer of Mercia, commented:

“These record results mark the halfway point in our three-year strategic plan to achieve adjusted operating profitability, expand the Group’s assets under management (“AuM”) to at least £1.0billion and to ‘evergreen’ Mercia’s balance sheet. I am pleased to say that strong progress has been made during the six month period under review.

We have successfully built scale in our third-party fund management business and the fees this is generating are enabling us to deliver a sustainable adjusted operating profit, in turn underpinning our maiden interim dividend and the adoption of a progressive dividend policy.

 Our total AuM have now increased to  c.£872million, c.£722million of which is third-party funds under management, and we remain confident in achieving our target of £1.0billion in total AuM within the next 18 months.

 I am also pleased with the positive steps we are making towards ‘evergreening’ our balance sheet. We delivered a profitable cash realisation during the period and another post period end. Furthermore, our direct investment portfolio is well financed and we have considerable remaining liquidity. In addition, it is encouraging that we have reported a strong net fair value increase, reversing some of the COVID-19 impact we reported in our full year 2020 results. We are increasingly optimistic about the potential of the companies within our direct investment portfolio, many of which are in sectors such as Life Sciences, Software and Digital Entertainment which are experiencing strong tailwinds.

 Whilst this continuing period of uncertainty during the COVID-19 pandemic has adversely affected many UK businesses, the resilience of Mercia’s hybrid investment model, which connects third-party managed funds and direct investment activity via our proprietary capital, positions us favourably as we move into the next half year and thereafter.”

Mercia’s key statistics and strategic highlights include:

-Resilient, scalable business model

-No use of Government support schemes

-Strong progress against three-year objectives

-Robust recurring fee model at a blended c.2%

-ESG principles, core to investment philosophy

-Maiden dividend, 0.1p per share

Proprietary capital

-16.2% increase in portfolio valuation

-Two full cash exits in H1 2021, one more post period end

– Resilient portfolio, no further COVID-19 related impact

Third-party FuM highlights

-£722m in FuM (+100%)

-Strong liquidity, c.£255m

-Strong progress with – 81 new investments despite remote working

Click here to register for the webinar


Click here for more information about Mercia

Previous Post

Three Lessons for advisers from the Experian data breach, with Britt Endemann

Previous Post

Helping your clients to buy a funeral plan

Previous Post

EIS Fees – giving advisers control

Next Post

What key estate planning themes can we expect in the years ahead?

Next Post

GrowthInvest announce Episode 4 of their Adviser Hour webinar series – Seed EIS in focus

Next Post

Fixed income myth #1: “bond indexing is simple”

Related Posts

FCA SMCR – CISI launches Conduct Rules members’ toolkit
News

Defaqto launches market-leading Income Drawdown tool 

January 20, 2021
News

2020 -a record year for impact issuance, likely to be repeated in 2021

January 20, 2021
Too close to call; the markets’ response to the US election
News

What’s in store for President Biden’s first 100 days in office?

January 20, 2021
HMRC’s customer service levels deteriorate with call wait times increasing 31% in month
News

HMRC’s customer service levels deteriorate with call wait times increasing 31% in month

January 20, 2021
Unicorn Asset Management makes two new appointments
News

Unicorn Asset Management makes two new appointments

January 20, 2021
The Royal Mint reports sharp rise in millennial investors and gifting gold
News

The Royal Mint reports sharp rise in millennial investors and gifting gold

January 19, 2021
Next Post
What key estate planning themes can we expect in the years ahead?

What key estate planning themes can we expect in the years ahead?

GrowthInvest announce Episode 4 of their Adviser Hour webinar series – Seed EIS in focus

GrowthInvest announce Episode 4 of their Adviser Hour webinar series - Seed EIS in focus

Fixed income myth #1: “bond indexing is simple”

Podcasts & Films

  • Put an atomic clock in your car, phone and on your wrist
    January 13, 2021
  • The Nexus Scale-Up Fund walk through
    December 21, 2020
  • Net4 x ARIE Capital webinar, hosted by CoInvestor
    December 18, 2020
  • How does Nexus Communicate with clients?
    December 18, 2020
  • Nexus Investments – Reasons for Advisers to be positive in 2021
    December 17, 2020
  • The Nexus Story
    December 16, 2020

Today’s Most Read

  • Wirecard scandal: EY defends itself in the Bundestag
    January 14, 2021

    @peter_IFAMAG reads Twitter so you don’t have to. The Wirecard Investigation Team meets again at the Bundestag today. Prompted by investor action following the Wirecard

  • London Capital & Finance judicial review
    January 15, 2021

    @peter_IFAMAG reads Twitter so you don’t have to. The London Capital and Finance vehicle lost 11,625 investors £237m in January 2019. Today brings news that

  • Former Man Group and Octopus Real Estate executives launch Silbury Finance
    January 14, 2021

    Two experienced property finance executives, backed by funds managed by Oaktree Capital Management, L.P. (“Oaktree”), have launched Silbury Finance (“Silbury”), a platform providing bespoke senior

  • TikTok Investors give financial advice, the industry reacts
    January 18, 2021

    @peter_IFAMAG reads Twitter so you don’t have to. Retail investing exploded in 2020, but along with that has come the proliferation of shoddy advice. Today

  • Supreme Court judgement in FCA’s business interruption insurance test case
    January 15, 2021

    The Supreme Court delivers judgement in favour of policyholders in the FCA’s business interruption insurance test case The Supreme Court has substantially allowed the FCA’s appeal on

  • Pembroke VCT sees 2.3x exit in 12 months
    January 15, 2021

    Pembroke VCT, the venture capital trust focused on building the consumer brands of tomorrow, has successfully exited its investment in Pasta Evangelists, which delivers restaurant-quality pasta

  • New UK levy on assets above £500,000 – what do private clients need to know?
    January 14, 2021

    By Paul Fairbairn, partner at Cripps Pemberton Greenish On 9 December the self-styled and in no way government-affiliated Wealth Tax Commission published their findings. This

  • Asset Intelligence launches two investment funds in partnership with T. Rowe Price
    January 19, 2021

      Asset Intelligence Portfolio Management (AIPM), the Midlands based discretionary fund manager, today announces the launch of two new investment funds: The VT Asset Intelligence

  • Good news for investors as M&G Investments reduces annual charge across large proportion of OEIC funds
    January 15, 2021

    M&G Investments have just announced  that from 15 February 2021, investors in the majority of their OEIC funds will benefit from a reduction in the

  • Gold outlook to Q4: At the crossroads of hope and fear
    January 14, 2021

    WisdomTree provides a detailed gold outlook to the fourth quarter of 2021. The outlook discusses the performance of the gold price based on three potential

More Articles

Blackfinch Ventures: In the spotlight
Interviews

Blackfinch Ventures: In the spotlight

January 7, 2021
Making a positive difference at the cutting edge
Interviews

Making a positive difference at the cutting edge

January 7, 2021
Meet the manager of the M&G Global Listed Infrastructure Fund
Interviews

Meet the manager of the M&G Global Listed Infrastructure Fund

December 15, 2020
Par Equity is the bright EIS star of the North 
Interviews

Par Equity is the bright EIS star of the North 

November 23, 2020
What’s next for Mercia?
Interviews

What’s next for Mercia?

November 2, 2020
M&G Positive Impact Fund: Q&A with Ben Constable-Maxwell
Interviews

M&G Positive Impact Fund: Q&A with Ben Constable-Maxwell

October 21, 2020
People Behind the Product: Pippa Gawley, Zero Carbon Capital
GBI

People Behind the Product: Pippa Gawley, Zero Carbon Capital

October 7, 2020
People Behind the Product: Matthew Steiner, Stellar Asset Management
GBI

People Behind the Product: Matthew Steiner, Stellar Asset Management

October 6, 2020
People Behind the Product: Ewan Lloyd-Baker, Seismic Venture Partners
GBI

People Behind the Product: Ewan Lloyd-Baker, Seismic Venture Partners

October 5, 2020

About Us

​IFA Magazine – for today’s discerning financial and investment professional.

Published ten times a year, IFA Magazine has been winning a keen and enthusiastic following among Britain’s premier financial advisers, planners and paraplanners.

Newsletter

    Follow Us

    Linkedin
    Twitter
    Facebook-f

    © 2021 All rights reserved​ to IFA Magazine | Website by: Nivo Digital | Terms and Conditions

    Do NOT follow this link or you will be banned from the site!

    Adblock Blocker

    We have detected that you are using

    adblocking plugin in your browser. 

    Keep updated on the most important financial events 

    Make sure you are an informed

    wealth professional..

    IFA Magazine
    • News
      • In the Press
      • Politics and Finance
    • Featured
      • Podcasts & Films
      • Interviews
      • Events
      • Finance on Social Media
      • Jobs
      • MPS Report
    • GBI
      • Tax Efficient Investments
      • Open Investment Opportunities
      • People Behind the Product
      • GBI Magazine Issues
      • About GBI
    • Business
      • Regulation and Compliance
    • Magazines
    • The M&G Adviser Hub