Quarterly Investment Update
Capital for Colleagues, the investment vehicle focused on opportunities in the Employee Owned <span”>Business (‘EOB’) sector, is pleased to announce an investment update in respect of the quarter ended 31 May 2018.
Key Statistics for the quarter:
- Portfolio comprised of 18 unquoted EOBs at the end of the quarter (28 February 2018: 17
- Net Asset Value (‘NAV’) of GBP 6,438,680 (28 February 2018: GBP 6,396,063)
- NAV per share of 41.73 pence (28 February 2018: 41.52 pence per share)
Material Developments in the Quarter:
The Company invested GBP 600,000 in a new portfolio company, TG Engineering Limited (‘TGE’) by way of loan. TGE, which operates from a 20,000 sq. ft factory in Ferndown, near Poole in Dorset, manufactures precision machined, extremely high tolerance, steel and aluminium components for use in the aerospace and scientific industries. Further information on the Company’s investment portfolio is set out below.