- Braveheart Investment Group postgs a pre-tax loss of £88,000 for the six months to the end of September - up from £40,000 last time.

Revenues of £922,000 were down from £994,000 a year ago he reduction being mainly due to WhiteRock Capital Partners which is no longer operating through Strathtay Ventures.

The group's direct investment portfolio comprises minority stakes in unquoted investments. There were no realisations in the six months ended 30 September 2014 and we recorded an unrealised loss of £197,000 (2013: loss of £22,000) on the revaluation of these investments.

Total income, including all unrealised movements in the portfolio valuation and contingent consideration, was 11% lower at £840,000 (2013: £945,000).

Operating costs were £928,000 (2013: £985,000).

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