22nd Mar 2024 13:53
Macaulay Capital PLC - investment company headquartered in Newton Abbot - Pretax loss narrows to GBP76,195 in 2023 compared to GBP384,994 the year before. Income more than triples to GBP539,225 from GBP118,737 in 2022. Notes that both revenue and losses were better than budget, primarily due to performance fees received on the successful exit of one of portfolio company, Qualification Check Ltd.
Looking ahead, firm says: "Whilst we did not introduce any new investments to our investors in the second half of 2023, we have a number of highly promising investment opportunities in our pipeline. Our investment process is rigorous and time-consuming, and we are highly selective, but we hope to bring some of these opportunities to fruition in the first half of 2024."
Current stock price: 21.50 pence, untraded
12-month change: down 16%
By Sabrina Penty, Alliance News reporter
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