- Mercia Tech has swung to an H1 pretax profit of £1.13m, from a loss of £0.75m.

Revenue was £2.9m, from £0.7m.

The result was saddled with £4.3m of other administrative expenses, versus £1.7m a year earlier.

It also enjoyed a £2.8m uptick in the fair value of investments, from a gain of £0.2m a year ago.

Story provided by