- Primorus Investments said annual losses deepened due to higher remuneration costs and a loss on an asset disposal.

The group booked a pre-£tax loss of £947k, compared to a loss of £694k a year earlier.

The loss was driven by share-based payment expenses of £311k and a loss on the disposal of GMOW of £199k.

'The board remains confident that the private and pre-IPO markets remain significantly under-served and as such significant opportunities exist for the company going forward,' Primorus said.

'We look forward to 2018 being one in which we can demonstrate our business model by exiting some more of our investment positions, thereby realising tangible value for all shareholders.'

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