- Venture capital provider B.P. Marsh & Partners said net asset value per share increased to 339p in the year to the end of January, from 273p the previous year.

The total return to shareholders in the year was 25.5%, topping the 13.9% return produced last year, and the consolidated after-tax profits more than doubled to £20.2m from £9.8m in 2017.

Net asset value rose 24.1% to £98.9 from £79.7m

The company said a total of 77 new opportunities were presented to the group during the year, broadly in line with previous years. Of the 77, the majority were in the insurance sector, with 41 insurance intermediary enquiries, or 53%.

The group declared a final dividend of 4.76p per share, up 27% from 3.76p the previous year.

'On the conclusion of an excellent year, the Group is in a sound financial position, has a strong portfolio of investments and a management team committed to driving our business forward,' said Chairman Brian Marsh.

'The Group is growing strongly, delivering consistent year on year returns to shareholders and is well-positioned to deal with any uncertainty arising from the UK's exit from the EU by April 2019. The Board looks forward to the year ahead with confidence.'

At 10:06am: [LON:BPM] B.P. Marsh Partners PLC share price was 0p at 284p

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