Mercia Asset Management PLC (MERC) 2018年年度报告「LSE」.pdf

1、Emerging StarsNAV growthDisruptive innovationAmbitiousScale Global markets Complete CapitalMercia Technologies PLCAnnual Report and Accounts 2018REALISING VALUEmerciatechnologies9 See page for our strategyto cash exits&IPOsto scaleFrom first investmentThe Mercia Model brings together industry specia

2、lists and investment expertise to create and over time realise value for shareholders and fund investors.Mercia is a national investment group focused on the funding and scaling of innovative businesses with high growth potential from the UK regions.INTRODUCTION1GovernanceStrategic reportFinancial s

3、tatementsOther informationMercia Technologies PLCAnnual Report and Accounts 2018HIGHLIGHTSPortfolio highlightsOperational highlightsAssets under management(“AuM”)*500.0mFunds under management(“FuM”)*400.0mNet assets123.5mDirect investment portfolio66.1m 21.1million net invested in 17 portfolio compa

4、nies during the year,including three new Emerging Stars Direct investment portfolio value increased to 66.1million (2017:52.0million)Science Warehouse sold to Advanced Business Software and Solutions Limited generating cash proceeds of 10.5million and a realised gain of 0.6million for Mercia Growing

5、 pipeline of future potential Emerging Stars in the expanded funds under management Assets under management have grown to c.500.0million,comprising c.400.0million of funds under management,direct assets of 66.1million and unrestricted cash of 49.4million Julian Viggars promoted to Chief Investment O

6、fficer,bringing a demonstrable exit track record of delivering cash realisations and IPOs 19 university partnerships,including a new partnership with the University of Edinburgh 9 offices covering the Midlands,the North of England and ScotlandCONTENTS 1 Introduction&highlights 2 At a glance 4 Non-ex