The venture capital portfolio increased in value by 24% in the year. The biggest contributors were House Buyer Bureau and Apex Bridging. Both businesses continue to grow profitability.
Only 1 investment was made in this period. We contributed to a £450k fund raise for Beyond Digital. The company has secured a contract to supply digital signs to Greggs as they refurbish their estate.
Cottages in Northumberland and D-Line are great examples of North East businesses. They provide simple but high quality products/services and deliver steady growth each year. Both companies moved to bigger premises in the year to facilitate expansion.