- Corporate finance group Marechale Capital said it was continuing to considering its future strategy after it reported a first-half loss.

Pre-tax losses for the six months through October amounted to £183,658, narrowing from losses of £459,791 on-year.

Revenue improved to £136,491, up from £125,066, but was more than offset by higher sales costs and provision charges.

'I report poor operating results for the first half which are broadly in line with the same period last year,' chairman Mark Warde-Norbury said.

'Whilst our current deal flow remains strong, a number of the transactions we are involved in are taking longer to complete.'

'Marechale Capital is highly selective about the management teams, as well as the companies, it advises and backs with its investor relationships.'

'On a more positive note this long-term strategy has resulted in 2018 being the company's best year for exits with five multiple investor return exits and one write-off.'

'Successful exits include the Sheen Falls Lodge, West Country Renewables and Inn Collection.'

'The board of Marechale Capital continues to consider its options and its future strategy.'

At 1:21pm: [LON:MAC] Marechale Capital PLC share price was -0.13p at 1.2p

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