Asset manager makes maiden profit in year of ‘significant progress’
Regional asset manager Mercia achieved its first trading profit last year as the business over-delivered on its targets.
Although Covid-19 impacted on its financial position as at the year end of March 31, there is a lot of confidence that it is well-placed to take advantage of the opportunities that will arise.
Mercia's chief executive Dr Mark Payton said: "We are well set up - we have £320m cash in hand, a strong portfolio, nearly 400 companies, and the number one regional investor by deal volume."
Mercia, which is headqua... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
