Mercia Asset Management PLC

15/12/2023

⚙️ Tribosonics has raised a further £1.5m to support ongoing product development, bring its solutions to a wider audience and create 25 more jobs in the next 18 months.

Tribosonics’ solutions are used to monitor industrial machinery and components and manage process efficiency and product quality.

It raised investment from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund and Mercia’s EIS funds.

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A Sheffield company whose smart sensing solutions help industry to improve performance has raised a further £1.5m from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, and Mercia’s EIS funds. Tribosonics’ solutions are used to monit...

14/12/2023

👞 Father and son owned, The Boot Repair Company, has secured a £300,000 loan to enhance its technology, create 10 new jobs and develop a bespoke software system.

The Leeds company is pioneering a new approach to footwear repairs and has become an authorised repair service on behalf of Fairfax & Favor, Vivobarefoot and Dubarry of Ireland, and also operates ‘white label’ websites to manage sales of refurbished products on their behalf.

The funding will provide additional working capital following its recent success in winning a major contract with Dr. Martens plc.

The Boot Repair Co received funding from NPIF – Mercia Debt Finance, which is managed by Mercia Debt and is part of the Northern Powerhouse Investment Fund.

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A Leeds company pioneering a new approach to footwear repairs has secured a £300,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia Debt and is part of the Northern Powerhouse Investment Fund, to enhance its technology. The Boot Repair Co provides an authorised repair service on...

13/12/2023

👜 Handbag Clinic, has raised a significant investment to enable the company to accelerate its growth in the UK and internationally, creating at least ten new jobs in 2024, and enhance its technology.

It has also strengthened its Board with three key appointments in Tracy Lewis (Chair), Will Chalk (CTO) and John Cunningham (Customer Service and Operations Manager)

The Handbag Clinic is currently the largest global operation for restoration and repairs and the only fully circular platform of its type.

It raised investment from The North East Fund Ltd. supported by the European Regional Development Fund and managed by Mercia Ventures, and a private investor.

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The Handbag Clinic – the Newcastle-based luxury handbag restoration and preowned designer bag retailer – has raised a significant investment from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures, and a private investor. The funding w...

30/11/2023

🚗 Warwick Acoustics is making more (audio) waves in the automotive industry.

After securing a major contract with a leading global luxury vehicle manufacturer in June, the Mercia-backed tech company recently invited Auto Express journalist, Steve Fowler to its HQ, to test the Electrostatic Audio System.

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British firm is planning to shake up the in-car hi-fi world with its audio panels that replace traditional speakers. We sound them out

29/11/2023

🚗 Warwick Acoustics is making more (audio) waves in the automotive industry.

After securing a major contract with a leading global luxury vehicle manufacturer in June, the Mercia-backed tech company recently invited Auto Express journalist, Steve Fowler to its HQ, to test the Electrostatic Audio System.

Article and images ⏬ https://www.autoexpress.co.uk/features/361617/paper-thin-speakers-set-transform-car-audio

British firm is planning to shake up the in-car hi-fi world with its audio panels that replace traditional speakers. We sound them out

28/11/2023

Mercia Asset Management PLC is pleased to announce its Interim Results for the six months ended 30 September 2023.

Read the results in full ⏩ https://hubs.li/Q02b9gv10

28/11/2023

📊 With the announcement of Mercia’s Interim Results FY24, here are some of the highlights from the past six months:

🔼 Group AuM up 1.7% to £1.5bn
🔼 Revenue up c.23% to £15.0million
🔼 EBITDA up c.33% to £2.8million
🔼 Adjusted operating profit up c.54% to £5.5million

Read more ➡️ https://www.mercia.co.uk/fy24-interim-results/

28/11/2023

Mercia Asset Management PLC is pleased to announce its Interim Results for the six months ended 30 September 2023.

Read the results in full ⏩ https://www.mercia.co.uk/fy24-interim-results/

24/11/2023

🔬 Newcastle University spin out Aelius Biotech has raised £1.25m to help meet growing demand by relocating from the university into laboratories, and create ten new jobs.

The biotech company creates a model of a human gut to trial new drugs and foodstuffs without the use of animals, and provides testing services for major pharmaceutical and nutrition companies including Huel.

Aelius’s model is the only one of its type that can simulate all three stages of the digestion process.

It raised the funding from The North East Fund Ltd., supported by the European Regional Development Fund and managed by Mercia Ventures.

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A biotech company that has created a model of a human gut to trial new drugs and foodstuffs without the use of animals has raised £1.25m from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures. Aelius Biotech, a spin out from Newcastle Un...

23/11/2023

⚙️ Technica Ltd has secured a £250,000 loan to help it continue taking on bigger projects.

The Grimsby-based engineering company supports energy infrastructure and serves all the major gas distributors including National Gas Transmission, SGN, Northern Gas Networks, Wales & West Utilities, Centrica and Gassco AS. It works on upgrades to existing plants and the installation of new infrastructure to provide security of energy supply, as well as assisting in the drive to net zero.

It received funding from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund.

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A Grimsby-based engineering company that supports energy infrastructure has secured a £250,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, to help it continue taking on bigger projects. Technica serves all the major gas ...

20/11/2023

🎮 Mercia is pleased to announce the profitable sale of nDreams to Aonic for an enterprise value of £90.3million.

Mercia held a 33.2% direct stake in nDreams, resulting in total consideration of £30.2million, split £26.4million in cash proceeds and £3.8million re-invested into Aonic itself. This exit results in a 2.7x return on invested capital and an 18.4% IRR. The exit price represents a £4.4million (17.5%) increase on Mercia’s carrying value for nDreams as at 31 March 2023.

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Mercia is pleased to announce the profitable sale of nDreams Limited to Aonic AB for an enterprise value of £90.3million ($110million). Mercia held a 33.2% direct stake in nDreams, resulting in total consideration of £30.2million, split £26.4million in cash proceeds and £3.8million re-invested i...

15/11/2023

🖥️ Newcastle's Luminous Group Ltd, has raised a further £1million to roll its technology out to a wider audience and create 10 new jobs in the year ahead. It comes as the company is set to open a third office in the Middle East to support its growing client base in the region.

The Luminous XR (extended reality) platform - which incorporates augmented, mixed and virtual reality – enables users to create training programmes quickly and efficiently and track students’ progress.

It raised the funding from The North East Fund Ltd., supported by the European Regional Development Fund and managed by Mercia Ventures.

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A Newcastle company that provides immersive training programmes for industry using extended reality software has raised a further £1m from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures. The funding will enable the Luminous Group to r...