B.P. Marsh reports 3% rise in net assets

Wed, 5th Feb 2020

Financial services investor B.P. Marsh reported a 3% rise in net asset for the year. Net asset value (NAV) was £130m, or 360.9p per share, as at 31 July 2019, which represented a 3% increase, or a 4.3% increase including the dividend paid in July 2019, for the six months ended on that date. The company said it expected to report a 'positive' performance for the financial year ended 31 January 2020. At 31 January 2020 the Group had access to cash of £3.8m. The company completed two new investments in the year; Agri Services Company in Sydney and Lilley Plummer Risks in London. It also provided £2m follow-on funding to Nexus Underwriting Management, as part of its wider £16m fundraising exercise. 'The company continues to maintain a diverse portfolio of investments, by sector, geography and currency, with 57% of the investment portfolio's revenue originating from overseas,' B.P. Marsh said. At 8:33am: (LON:BPM) B.P. Marsh Partners PLC share price was +2p at 263p Story provided by StockMarketWire.com

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