Our private Equity portfolio finished the year at a value of £22m made up of a mixture of equity value and shareholder loans.
Apex, a provider of non-regulated bridging loans secured against residential property, grew its loan book by over 60% to £20m and revenues by around 50% to £3m. The business is in the process of expanding the team and exploring new financing opportunities to enable further growth.
HBB Relocation Services, a residential property trader, virtually doubled revenue to £59m and PBT was up 93% to £1.8m. HBB entered the 2018/19 year with stock available to sell also up 91% to £25m, anticipating another year of strong top line growth and securing significant new funding to facilitate the progress of the business.
D-Line, a manufacturer of decorative trunking and cable management products, saw top line improve by 19% which translated into 15% growth in PBT. There remains great potential for increasing the export business in particular via online channels and the company continues to invest in people and equipment to maximise its opportunities.