Gresham House - Annual Report and Accounts 2017 Gresham House - Annual Report and Accounts 2017

View our annual report and accounts as at 31 December 2017 >>

Key highlights

 

  • Assets under management (AUM) increased 79% to £649 million (2016: £363 million)
  • Asset management revenue up 85% to £6.5 million (2016: £3.5 million)
  • Adjusted operating loss reduced to £0.7 million (2016: £2.4 million loss)
  • Adjusted operating profitability achieved in the second half of 2017
  • Organic growth of £200 million (a 55% rise over the year) including the launch of the British Strategic Investment Fund (BSIF) and growth across other existing strategies
  • Acquisition growth of £86 million (up 24%) through the purchase of Hazel Capital, the UK renewable energy asset manager, in October 2017
  • Completed the sale of the legacy property portfolio post year end, fully repaying debt – strong balance sheet with tangible/realisable assets of £24.4 million

 

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