StockMarketWire.com - Financial services businesses investor B.P. Marsh & Partners reported a 10% rise in net assets as gains in its equity portfolio helped stem the impact from an 'uncertain macro environment.'

For the year to 31 January 2019, net asset value rose 10% to £126.2m, total shareholder return grew 11.7% as equity value portfolio increased by 16.1% to £101.9m.

Overall, income from investments increased by 19.9% to £4.6m, dividend income increased by 74.5% over the year due to the strengthening performance of the portfolio companies, whilst income from loans fell by 7.8%, which was largely the result of the portfolio repaying debt in accordance with agreed repayment schedules, the company said.

Fees were 24.8% lower mainly due to 'a number of one-off transaction fees received in 2018,' it added.

The group received 64 new opportunities during the financial year. Of the 64, the majority were in the insurance sector, with 37 insurance intermediary enquiries, or 58%, the company said. That compares with 77 proposals received in 2018, 84 in 2017 and 71 in 2016.

The company proposed a final dividend of 4.76p a share, unchanged from last year.

'We are pleased to have produced a good overall performance in an uncertain macro environment, which is testament to our developing investment portfolio and the tenacity of our team,' said Brian Marsh OBE, Chairman.




At 10:20am: [LON:BPM] B.P. Marsh Partners PLC share price was -12p at 296p



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