- Gresham House's net asset value per share decreased in the year to 31 December to 378.5p per share from 445.1p per share a year ago and 405.1p at 30 June.

The company said the reduction in asset value was largely due to the revaluation deficits on investment properties of £1,439,000 and on the value of its shareholding in Memorial Holdings Ltd of £1,464,000 together with the revenue loss for the year of £1,503,000 offset by the increase in value of our holding in SpaceandPeople plc amounting to £1,299,000.

The revenue loss after taxation increased from £810,000 for the year to 31 December 2012 to £1,503,000 for the year to 31 December 2013.

Story provided by