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Braveheart Investment Group: DEEP DIVE
OVERVIEW

Braveheart confident about year ahead as capital reduction paves way for dividend

"The investment portfolio, combined with substantial cash, continues to provide a solid underpinning to our balance sheet, and developments in our fund management business offer a new source of fund management revenue in the next financial year," Braveheart said.
Braveheart
OVERVIEW: BRH The Big Picture
Braveheart provides funding and advisory services to small and medium-sized enterprises
  • Braveheart signals intention to start paying dividends

  • Braveheart in early-stage talks to sell fund management business 

  • Growing prospects seen at investee companies Paraytec, Kirkstall and Gyrometric

 

 

What Braveheart Investment Group does:

Braveheart Investment Group PLC (LON:BRH) is an AIM-listed firm that provides funding and advisory services to small and medium-sized enterprises (SME).

Formed in 1997 as an investment syndicate, it now specialises in four areas – equity financing, debt financing, advisory services and fund management.

Braveheart invests in businesses through its many funds including the Finance Yorkshire Equity Fund, Strathclyde Innovation Fund and Lachesis Seed Fund.

The group, which floated on the London Stock Exchange in 2007, also invests on behalf of high net worth individuals, family offices, institutional investors and public sector organisations across the UK and Europe.

The company has about £71mln of funds under management with its portfolio spanning a number of sectors including healthcare equipment and services, travel and leisure, technology hardware and equipment, software and computer services, electronic and electrical equipment, and pharmaceuticals and biotechnology. 

 

What it owns:

Braveheart subsidiaries that mange the group’s funds include Strathtay Ventures Limited, Caledonia Portfolio Realisations Ltd, Viking Fund Managers Ltd Caledonia LP Ltd and Strathclyde Innovation Fund GP Ltd, Ridings Holdings Ltd and Braveheart Academic Seed Funding GP Limited.

 

Inflection points:

  • Braveheart has recently been approached by a number of third parties, each of whom have expressed an interest in either purchasing outright the fund management business or entering into some form of a joint ownership arrangement. Discussions are at an early stage and there is no certainty that any deal will be completed.
  • In October, Braveheart announced court approval has been received for a capital reduction that would allow the company to start paying dividends. A decision on the recommendation of the payment of a dividend to shareholders will be made after the financial year end on March 31, although a dividend cannot be paid until the full year accounts have been audited.
  • In the first half of the current financial year, Braveheart made a profit before tax of £113,000 on revenue of £509,000, compared with a profit before tax of £191,000 on revenue of £397,000 the year before.
  • Braveheart sees growing prospects at its investee companies Paraytec, Kirkstall and Gyrometric

 

Blue Sky:

At the first half results, Braveheart said, “the investment portfolio, combined with substantial cash, continues to provide a solid underpinning to our balance sheet, and developments in our fund management business offer a new source of fund management revenue in the next financial year”.

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Braveheart Investment Group Timeline

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"The investment portfolio, combined with substantial cash, continues to provide a solid underpinning to our balance sheet, and developments in our fund management business offer a new source of fund management revenue in the next financial year," Braveheart said.

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