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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Startup Giants Plc | AQSE:SUG | Aquis Stock Exchange | Ordinary Share | GB00BYP94G30 | Ordinary shares |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 80.00 | 75.00 | 85.00 | 80.00 | 80.00 | 80.00 | 0.00 | 06:56:11 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMSUG
THE DIRECTORS OF STARTUP GIANTS PLC CONSIDER THIS ANNOUNCEMENT TO CONTAIN INSIDE
INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO. 594/2014 OF THE
EUROPEAN PARLIAMENT AND THE COUNCIL OF 16 APRIL 2014 ON MARKET ABUSE AS IT FORMS
PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.
BY PUBLICATION OF THIS ANNOUNCEMENT, THE INFORMATION SET OUT WITHIN IT IS DEEMED
NOW TO BE IN THE PUBLIC DOMAIN.
STARTUP GIANTS PLC
("Startup Giants" or the "Company"; AQSE: SUG)
HALF-YEARLY FINANCIAL REPORT
The directors of Startup Giants (the "Directors") present below the Company's
half-yearly financial report for the six month period from 1 January 2023 to 30
June 2023.
Startup Giants is a UK-based start-up accelerator that invests in and mentors
internet technology start-up businesses in the UK and internationally.
Financial Results
Financial highlights for the period, extracted from the financial statements
below (which have not been reviewed by the Company's auditors), are:
30 June 2023 30 June 2022
Operational profit/(loss) £70,770 £5,135
Profit/(loss) per share 5.7 pence 0.41 pence
Cash and cash equivalents £665,281 £877,328
Shareholders' funds £629,905 £697,782
The focus of Startup Giants in 2023 to date has been to support its portfolio of
founders to target further investment rounds and showcase their investment
opportunities to a growing number of venture syndicate partners, and the Company
has seen a number of founders successfully complete investment rounds in the
current period.
Startup Giants has also continued to build on its engagement model and delivery
programmes with early stage start-up founders both in the United Kingdom and
Europe to source new talent and innovation.
Current Trading and Post Balance Sheet Developments
Current trading remains in line with the Directors' expectations at the
beginning of the second half of the 2023 financial year.
Outlook
Looking ahead, the Company will continue to explore expanding its services into
regions outside the United Kingdom and to scaling its RAISE platform for private
venture capital syndicates.
Conclusion
The Directors would like to thank shareholders for their continuing support
during the period under review and look forward to informing them of
developments at Startup Giants during the remainder of the current financial
year and beyond.
Jeb Buckler
Chief Executive Officer
Startup Giants plc
Startup Giants plc
Statement of Comprehensive Income
Six months ended 30 June 2023
+-------------------+-------------+-----------------------------+
| |Six months |Six months ended 30 June 2022|
| |ended 30 June| |
| |2023 | |
+-------------------+-------------+-----------------------------+
| |GBP |GBP |
+-------------------+-------------+-----------------------------+
| | | |
+-------------------+-------------+-----------------------------+
|Turnover |100,396 |243,399 |
+-------------------+-------------+-----------------------------+
| | | |
+-------------------+-------------+-----------------------------+
|Administrative |(106,176) |(237,689) |
|expenses | | |
+-------------------+-------------+-----------------------------+
|Gain on investments|76,750 |- |
|held at fair value | | |
+-------------------+-------------+-----------------------------+
| | | |
+-------------------+-------------+-----------------------------+
|Operating |70,969 |5,710 |
|profit/(loss) | | |
+-------------------+-------------+-----------------------------+
| | | |
+-------------------+-------------+-----------------------------+
|Finance costs |(199) |(575) |
+-------------------+-------------+-----------------------------+
| | | |
+-------------------+-------------+-----------------------------+
|Profit/(loss) |70,770 |5,135 |
|before taxation | | |
+-------------------+-------------+-----------------------------+
| | | |
+-------------------+-------------+-----------------------------+
|Taxation |- |- |
+-------------------+-------------+-----------------------------+
| | | |
+-------------------+-------------+-----------------------------+
|Profit/(loss) for |70,770 |5,135 |
|the period | | |
+-------------------+-------------+-----------------------------+
| | | |
+-------------------+-------------+-----------------------------+
|Earnings per share:| | |
+-------------------+-------------+-----------------------------+
|Basic and Diluted |5.7p |0.41p |
|(pence) | | |
+-------------------+-------------+-----------------------------+
Startup Giants plc
Statement of Financial Position
As at 30 June 2023
+-----------------------------+------------+------------+
| |30 June 2023|30 June 2022|
+-----------------------------+------------+------------+
| |GBP |GBP |
+-----------------------------+------------+------------+
| | | |
+-----------------------------+------------+------------+
|Non-current assets: | | |
+-----------------------------+------------+------------+
|Goodwill |9,584 |14,584 |
+-----------------------------+------------+------------+
|Property, plant and equipment|1,005 |1,906 |
+-----------------------------+------------+------------+
|Investments |77,100 |- |
+-----------------------------+------------+------------+
| |87,689 |16,490 |
+-----------------------------+------------+------------+
| | | |
+-----------------------------+------------+------------+
|Current assets: | | |
+-----------------------------+------------+------------+
|Trade and other receivables |20,672 |82,667 |
+-----------------------------+------------+------------+
|Cash and cash equivalents |665,281 |877,328 |
+-----------------------------+------------+------------+
| |685,953 |959,995 |
+-----------------------------+------------+------------+
| | | |
+-----------------------------+------------+------------+
|Current liabilities: | | |
+-----------------------------+------------+------------+
|Trade and other payables |(132,153) |(259,120) |
+-----------------------------+------------+------------+
|Bank borrowings |(5,000) |(5,000) |
+-----------------------------+------------+------------+
| |(137,153) |(264,120) |
+-----------------------------+------------+------------+
| | | |
+-----------------------------+------------+------------+
|Net current assets |548,799 |695,875 |
+-----------------------------+------------+------------+
| | | |
+-----------------------------+------------+------------+
|Non-current liabilities |(9,583) |(14,583) |
+-----------------------------+------------+------------+
| | | |
+-----------------------------+------------+------------+
|Net assets |626,905 |697,782 |
+-----------------------------+------------+------------+
| | | |
+-----------------------------+------------+------------+
|Equity: | | |
+-----------------------------+------------+------------+
|Called up share capital |152,405 |152,405 |
+-----------------------------+------------+------------+
|Share premium account |960,102 |960,102 |
+-----------------------------+------------+------------+
|Retained earnings |(485,602) |(414,725) |
+-----------------------------+------------+------------+
| | | |
+-----------------------------+------------+------------+
|Total equity |629,905 |697,782 |
+-----------------------------+------------+------------+
Startup Giants plc
Statement of Cash Flows
Six months ended 30 June 2023
+------------------------+-------------+-----------------------------+
| |Six months |Six months ended 30 June 2022|
| |ended 30 June| |
| |2023 | |
+------------------------+-------------+-----------------------------+ | |GBP |GBP | +------------------------+-------------+-----------------------------+ | | | | +------------------------+-------------+-----------------------------+ |Profit/(loss) for the |70,770 |5,135 | |period after tax | | | +------------------------+-------------+-----------------------------+ | | | | +------------------------+-------------+-----------------------------+ |Adjustments for: | | | +------------------------+-------------+-----------------------------+ |Depreciation and |2,940 |2,813 | |amortisation | | | +------------------------+-------------+-----------------------------+ |Interest expense |199 |575 | +------------------------+-------------+-----------------------------+ |Gain on investments held|(76,750) |- | |at fair value | | | +------------------------+-------------+-----------------------------+ |Movement in trade and |11,187 |14,455 | |other receivables | | | +------------------------+-------------+-----------------------------+ |Movement in trade and |(49,905) |(238,714) | |other payables | | | +------------------------+-------------+-----------------------------+ | | | | +------------------------+-------------+-----------------------------+ |Cash absorbed by |(41,559) |(215,736) | |operations | | | +------------------------+-------------+-----------------------------+ | | | | +------------------------+-------------+-----------------------------+ |Investing activities: | | | +------------------------+-------------+-----------------------------+ |Purchase of property, |- |(199) | |plant and equipment | | | +------------------------+-------------+-----------------------------+ |Purchase of investments |(350) |- | +------------------------+-------------+-----------------------------+ | | | | +------------------------+-------------+-----------------------------+ |Financing activities: | | | +------------------------+-------------+-----------------------------+ |Interest paid |(199) |(575) | +------------------------+-------------+-----------------------------+ |Bank loan repaid |(5,000) |(5,000) | +------------------------+-------------+-----------------------------+ | | | | +------------------------+-------------+-----------------------------+ |(Decrease)/increase in |(47,108) |(221,510) | |cash and cash | | | |equivalents | | | +------------------------+-------------+-----------------------------+ | | | | +------------------------+-------------+-----------------------------+ |Cash and cash |712,389 |1,098,838 | |equivalents at beginning| | | |of period | | | +------------------------+-------------+-----------------------------+ | | | | +------------------------+-------------+-----------------------------+ |Cash and cash |665,281 |877,328 | |equivalents at end of | | | |period | | | +------------------------+-------------+-----------------------------+ The financial information set out above has not been reviewed or audited by the Company's auditors. The financial information set out above has been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted for use in the European Union. The Directors of Startup Giants plc accept responsibility for this announcement. Enquiries: Startup Giants plc Cherry Martin cherry@startupgiants.com +44 (0)207 157 9764 Keith Bayley Rogers & Co. Limited Brinsley Holman brinsley.holman@kbrl.co.uk +44 (0)7776 302 228 Stephen Clayson stephen.clayson@kbrl.co.uk +44 (0)7771 871 847 This information was brought to you by Cision http://news.cision.com https://news.cision.com/startup-giants-plc/r/half-yearly-financial-report,c3844454 END
(END) Dow Jones Newswires
September 29, 2023 02:00 ET (06:00 GMT)
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