Capital for Colleagues plc Portfolio Update

 
TIDMCFCP 
 
Capital for Colleagues plc / EPIC: CFCP / Market: ISDX / Sector: Investment 
 
16 May 2016 
 
                          CAPITAL FOR COLLEAGUES PLC 
                  ('Capital for Colleagues' or the 'Company') 
 
                               PORTFOLIO UPDATE 
 
Capital for Colleagues, the investment vehicle focused on opportunities in the 
Employee Owned Business ('EOB') sector, is pleased to announce an update 
regarding its existing investee company, Ecomerchant Natural Building Materials 
Limited ("Ecomerchant"). 
 
Ecomerchant, a specialist supplier of natural and environmentally sustainable 
building materials to the UK housing market has agreed to acquire Eco Systems 
Distribution Limited ("Eco Systems"). Based in, East Sussex, Eco Systems 
distributes recycled plastic roof slates and recycled plastic composite 
decking, principally in the UK and Europe. Eco System's customers range from 
small, independent roofing companies to multinational construction and design 
companies. 
 
In order for Ecomerchant to acquire Eco Systems and settle certain of its 
obligations, Capital for Colleagues has subscribed for GBP150,000 of loan notes 
issued by Ecomerchant. The loan notes, which are secured on Ecomerchant's 
assets by way of mortgage debenture and cross-guaranteed by Eco Systems, bear 
interest at an appropriate commercial rate and are repayable in 2020. 
 
John Eckersley, Chief Executive of Capital for Colleagues, said "We are 
extremely pleased to be able to assist one of our existing investee partners 
with this next step in their development. This illustrates well how we aim to 
be an ongoing provider of capital to EOBs, thus enabling them to react to 
market opportunities at short notice and thereby enhancing value not just for 
our own shareholders but for their own employee shareholders too." 
 
The Directors of the Company are responsible for the contents of this 
announcement. 
 
**ENDS** 
 
For further information, please visit www.capitalforcolleagues.com or contact: 
 
 
CAPITAL FOR COLLEAGUES PLC                                        0161 233 4891 
Richard Bailey, Chairman 
John Eckersley, Chief Executive 
 
PETERHOUSE CORPORATE FINANCE LIMITED                              020 7469 0930 
Mark Anwyl 
Duncan Vasey 
 
Notes 
 
Capital for Colleagues is an investment company focused on the Employee Owned 
Business ('EOB') sector.  The Company has a clear strategy aimed at investing 
in, advising and growing established, mainly UK-based, EOBs as well as 
assisting companies which are looking to launch employee ownership schemes, 
providing the capital and advice to help them achieve their objectives. 
 
Capital for Colleagues has a proven management team, with a wide network of 
contacts and affiliates, as well as established access to investment 
opportunities, enabling the Company to execute its strategy and identify and 
capitalise on EOB-focused investment opportunities. 
 
 
 
END 
 

(END) Dow Jones Newswires

May 16, 2016 09:00 ET (13:00 GMT)