Gresham House
Strategic plc
An independent investment company investing in smaller public companies.
An independent investment company investing in smaller public companies.
Gresham House Strategic is an independent, AIM-quoted investment company that invests primarily in smaller UK public companies.
The team applies private equity techniques, constructive engagement and due diligence alongside a long-term value strategic equity investment philosophy.
Key documents
Why invest
Our proprietary Strategic Equity strategy combines the approach and disciplined processes of private equity, with constructive corporate engagement and thorough due diligence. Our experience in this area has shown the potential for strong returns. The team can invest in a number of ways to help companies achieve their goals, including:
- Providing primary capital
- Supporting changes in strategic focus or operational performance
- Pre-IPO funding
- Providing a catalyst for M&A
Investment approach
Through our Strategic Public Equity investment philosophy, we aim to have a considerably higher level of engagement with our investee company stakeholders, in order to exploit market inefficiencies and support a clear plan to create value over the long term.
Our process is differentiated by:
- A hands-on, strategic approach to investing for the long term: we develop close relationships with the companies we invest in and seek to hold influential stakes
- Our expertise in situational investing: we have specialist knowledge and understanding of the lifecycle of businesses, meaning we understand the capital that companies need – and when to deploy it
- Coverage of public and private markets: we understand how different parts of the market behave and where the opportunities lie, meaning we can take advantage of these in our investment approach to individual companies
How to invest
Investors can access the strategy on the London Stock Exchange (ticker: GHS).
Prospective investors can buy shares through their wealth manager, financial adviser or stockbroker.
Investment team
Gresham House Strategic plc Board
Investment Committee
Investor relations queries
NB: All enquiries concerning your shareholding should be directed to the Company’s Registrar, Link Asset Services. During this challenging time, extra pressure is being put on telephone services. Therefore, to help those shareholders who need it the most, please can we encourage you to make use of the online Share Portal.
To access your shareholding via the Share Portal click here.
Link Asset Services
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU
W: www.linkassetservices.com
E: shareholderenquiries@linkgroup.co.uk
T: 0871 664 0300*
Overseas T: +44 (0)20 8639 3399
*Calls to this number are charged at 10p per minute plus your normal network charges.
Shareholder information
View or subscribe to the key shareholder information for this company.
| Deal type | Value (£m) | % of total portfolio | |
 | Secondary - cash generation, performance recovery and re-rating | 21.6 | 32.6% |
 | Recovery and growth capital -Equity and Convertible Loan Note | 6.6 | 9.9% |
 | Operational improvements and sector diversification to drive margin recovery | 5.3 | 8.0% |
 | Operational and financial management improvements to drive significant free cash flow | 4.8 | 7.3% |
 | Strategic re-focus operational initiatives | 4.3 | 6.4% |
 | Primary recovery capital to support rationalisation strategy | 3.9 | 5.9% |
 | Primary recovery capital supporting new management and cultural change | 3.3 | 5.0% |
 | Secondary recovery capital supporting operational rationalisation & strategic | 3.2 | 4.8 |
 | Secondary growth capital; product roll out, re-rating and improved communications | 3.2 | 4.8% |
 | Secondary recovery capital; strategic refocus to drive organic growth and cultural change | 3.1 | 4.7% |
| Other investments | 8.6 | 12.9% | |
| Cash (GBP) and other working capital items | (1.5) | (2.3)% | |
| Net asset value | 66.4 | 100.0% |
Top 10 Portfolio holdings
Correct as of 30 September 2021 month end NAV announcement
The company is incorporated in England and Wales and its main country of operation is the UK.
The following information is disclosed in accordance with Rule 26 of the AIM Rules and was updated on 30 October 2019.
| Business description | About Gresham House Strategic plc >> |
| Investing policy | Investing policy >> |
| Board of Directors responsibilities and committees | Please see Board and Investment Committee sections |
| Investment Manager and Key Personnel | Please see Investment Team section |
| Country of incorporation and main country of operation | United Kingdom |
| Current constitutional documents | Articles of Association >> |
| Details of any other exchanges or trading platforms | There are no other exchanges or trading platforms that GHS has applied or agreed to have its securities admitted or traded |
| Number of AIM securities | Please see our significant shareholder section |
| Valuation Policy | Valuation policy and NAV publication >> |
| Annual accounts | Please see our Annual reports and accounts section |
| Company announcements | Please see the RNS section |
| Admission document and circulars | Please see Other important company documents section |
| Corporate Governance Statement | Corporate Governance Statement >> |
| Takeovers and mergers | The company is subject to the provisions of the City Code on Takeovers and Mergers |
| Advisors & Corporate Information | Please see the Advisor and Corporate Information section |
| Audit Committee Terms of Reference | Terms of Reference >> |
Research from Gresham House Strategic plc broker can be found here >>
The Company currently has 3,480,884 ordinary shares in issue, all of which hold voting rights. There are no shares in Treasury. The percentage of securities not in public hands as defined in the AIM rules is 26.03%. There are no restrictions on the ordinary shares and that they are freely transferable.
The top ten shareholders as of 30 June 2021 are:
| Shareholder | Number of ordinary shares held | % of total voting rights |
| Gresham House plc & GH Holdings Ltd | 812,913 | 23.4% |
| Hargreaves Lansdown Asset Management | 261,998 | 7.5% |
| James Sharp & Co | 256,372 | 7.4% |
| Unicorn Asset Management | 217,528 | 6.3% |
| Interactive Investor | 199,761 | 5.7% |
| Smith & Williamson Investment Management | 162,973 | 4.7% |
| Premier Miton Investors | 140,000 | 4.0% |
| Investec Wealth & Investment | 121,421 | 3.5% |
| Windsor & Maidenhead BC | 105,000 | 2.7% |
| Canaccord Genuity Wealth Mgt | 73,004 | 2.1% |
To notify the Company of a substantial share holding contact us.
| Directors | Auditor |
| H R Sinclair (Interim Chair) C R Berry K Lever G Bird | BDO LLP 55 Baker Baker Street London W1U 7EU |
| Company Secretary | Solicitors |
| SGH Company Secretaries Limited 6th Floor 60 Gracechurch Street London EC3V 0HR | Bracher Rawlins 77 Kingsway Bracher Rawlins London WC2B 6SR |
| Registered Office | Registrars |
| 6th Floor 60 Gracechurch Street London EC3V 0HR | Link Asset Services The Registry 34 Beckenham Road Beckenham Kent BR3 4TU |
| Bankers | Nominated Advisor and Broker |
| The Royal Bank of Scotland plc Abbey Gardens 4 Abbey Street Reading Berkshire RG1 3BA | finnCap Ltd 60 New Broad Street London EC2M 1JJ Panmure Gordon & Co 1 New Change London EC4M 9AF |
| Investment Manager | |
| On 10 October 2021, GHS and Harwood entered into a new investment management agreement ("New IMA") pursuant to which Harwood has been appointed as the Company's alternative investment fund manager ("AIFM"), subject to the approval of the Financial Conduct Authority, which is expected shortly. |
Want to keep up to date?
Subscribe using the form below to receive regular updates on Gresham House Strategic plc.