Intellectual property group Frontier IP (LON:FIPP) more than doubled its portfolio value as revenues and profits soared last year.
FIP now has a portfolio of 17 companies, spun-out from universities, which use innovations and technologies developed at the institutions.
Frontier has started taking larger stakes in companies, and acquired a 40% interest in its two most recent firms, Cambridge Sensor Innovation and Cambridge Simulation Solution.
Both were formed by chemical engineering and biotechnology experts at Cambridge University.
Neil Crabb, chief executive, said: “We continue to see strong commercial progress in our core portfolio building the potential for further uplift in value."
Chairman Andrew Richmond added: “We're working on a number of new opportunities and intend to continue to grow our portfolio by taking more significant stakes and extending our sources of deal flow.”
Financials for the year to June 30 were strong, with revenue more than doubling to £1.6mln from £785,000 in 2014.
Pre-tax profit rocketed to £647,000 from just £27,000 the year before, while earnings per share leapt to 2.76p from just 0.13p in 2014.
Helped partially by a rights issue in April, which raised £854,000, the company ended the year with £636,000 in cash reserves, up from £587,000 the year before.