Our portfolio of venture capital investments increased in value by 21% in the year to March 2017.
We made one new investment into North East SME, One Utility Bill. The company raised £500k of growth capital. One Utility Bill provides a service for residential landlords and their tenants that merges their utility bill with their rent into one all-inclusive charge.
D-line, Cottages in Northumberland and Beyond Digital continued their organic growth and reported record profits each.
Apex Bridging and House Buyer Bureau secured new banking facilities providing further capital for expansion.
Atom Bank completed £100m fund raise. Middleton Enterprises did not follow on, but did benefit from the increasing share price.