- Capital for Colleagues, an employee owned business investment vehicle, reported an increase in first half net assets amid 'robust' investment performance.

Net asset value grew to £7.42m for the half from £6.8m a year earlier and NAV per share increased by more than 8.8% to 48.05 pence, the company said.

The portfolio comprised of 17 unquoted owned businesses at the end of the six months, unchanged from a year earlier.

'I am delighted to be able to report a robust investment performance as I pass my executive responsibilities to Alistair Currie,' said John Eckersley, Chief Executive of the Company. 'We have established a diverse and balanced portfolio for the Company, and I am confident that Capital for Colleagues and its shareholders will benefit as the portfolio matures and as we continue to expand our exposure to the exciting EOB sector.'

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