LONDON - Marechale Capital plc, a corporate finance house specializing in high growth sectors, disclosed its unaudited half-yearly financial results for the six months ending October 31, 2024. Despite a challenging economic climate, particularly within the hospitality sector, the company reported gross profits of £103,468, up from £93,813 in the previous year.
Operating losses were reduced to £138,485, an improvement from the loss of £155,421 reported in 2023. However, the overall loss before tax widened to £178,261 from a loss of £155,803 the year prior. Marechale Capital's balance sheet reflects a net asset value of £3,183,537, equating to 3.01p per share, a slight decrease from 3.15p per share in 2023.
The company remains optimistic about its investments in client companies and continues to engage in corporate finance and advisory projects, accepting founders shares and warrants as part of its advisory fees. Notable transactions during the period included dealings with Weardale Lithium, Forest Road Brewery, Stubben Edge, and Chestnut Inns. However, the firm acknowledged difficulties in capital raising, leading to incomplete advisory projects for a major UK hotel group and a leading brewery and pub group by the end of the period.
Marechale Capital is actively seeking new strategic funding partners to complement its traditional investor relationships. The Board is also exploring initiatives to enhance shareholder value beyond its core investment portfolio and corporate finance activities.
The company has partially realized £109,000 in cash from two of its investments and reported having £223,700 in cash at the bank as of October 31, 2024. Chairman Mark Warde-Norbury expressed confidence in the potential for advisory and investment opportunities within the hospitality, renewable energy, clean energy, and technology sectors in the short to medium term.
The financial figures presented are based on a press release statement from Marechale Capital plc and reflect the company's performance and strategic responses to the prevailing economic conditions.
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