29th Aug 2025 20:07
(Alliance News) - Beacon Rise Holdings PLC on Friday reported a drop in cash balances and a widened pretax loss as it remains on the hunt for acquisitions.
The London-based shell company reported a pretax loss of GBP134,792 in the six months to June 30, widened from GBP121,002 a year prior.
Cash balances at June 30 were GBP150,134, deteriorating from GBP344,576 a year ago.
Beacon Rise said it continues to seek acquisitions of UK and overseas businesses or assets with operations in the sectors that can contribute greater benefits to shareholders.
This could be by way of minority or majority investments, or full acquisitions where it is in the interests of shareholders to do so, it added.
Gross assets fell to GBP190,836 from GBP269,092 and net assets to GBP151,811 from GBP234,166.
Shares closed flat at 75.0 pence each in London on Friday.
By Jeremy Cutler, Alliance News reporter
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