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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Marechale Capital Plc | LSE:MAC | London | Ordinary Share | GB0005401087 | ORD 0.8P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.05 | 1.00 | 1.10 | 1.05 | 1.05 | 1.05 | 42,000 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investment Advice | 376k | -426k | -0.0040 | -2.63 | 1.11M |
From Apr 2019 to Apr 2024
TIDMMAC
RNS Number : 0131S
Marechale Capital PLC
16 December 2016
16 December 2016
Marechale Capital plc
("Marechale" or the "Company")
Interim Results
Marechale Capital plc today announces its unaudited interim results for the six months ended 30 September 2016.
Chairman's Statement
Marechale has made progress in the first six months of the current year. Gross profits of GBP378,000 (2015 GBP192,000) are on budget and I report that the Company has made a small profit of GBP10,000 (2015 loss GBP48,000) during the first half of the year. Completed transactions are all detailed on the Company's website at: www.marechalecapital.com.
Marechale operates as a corporate finance advisory and capital fund raising business focusing on raising development capital for growth companies in two primary sectors in which the team have a long-term track record: Consumer Brands and Leisure and Retail.
Marechale helps management teams to finance or refinance in two key areas: Growth Capital private equity transactions for more established businesses, and Development Capital, fundraising for smaller growth companies, the latter typically being Enterprise Investment Scheme (EIS) qualifying. The Company has warrants or takes stakes in the majority of the client transactions it acts for.
In the Leisure sector, the Company has successfully completed a number of leisure deals, including the MBO and debt refinancing of the tapas restaurant group Koh Thai, growth equity fundraising for Chestnut Inns, and an additional funding for Brewhouse & Kitchen, further endorsing Marechale's leading position in advising and funding businesses in the leisure sector.
Finally, and in accordance with the announcement made earlier this year, the Company is moving its year end to the 30(th) April from 2017 onwards (our results for the 13 months ending 30 April will be announced in the summer of 2017), and is progressing the capital reorganisation described in this year's annual results announcement.
Mark Warde-Norbury
Chairman
16 December 2016
For further information please contact:
Hot Features
Premium
Marechale Capital Tel: +44 (0)20
Mark Warde-Norbury / Patrick 7628 5582
Booth-Clibborn
Smith & Williamson Corporate Tel: +44 (0)20
Finance 7131 4000
Azhic Basirov / David Jones
Consolidated Income Statement (unaudited)
6 months ended 30 September 2016
30 September 30 September
2016 2015
GBP GBP
Revenue 530,872 297,275
Cost of sales (152,816) (105,493)
------------- -------------
Gross profit 378,056 191,782
Administrative expenses (364,432) (251,041)
------------- -------------
Operating profit/ (loss) 13,624 (59,259)
Investment revenues - -
Other (losses)/gains (73) 5,005
Exceptional gain on dilution
of interest in associate - 5,726
Net (loss)/profit in respect
of associate (3,448) 630
Profit/(loss) before tax 10,103 (47,898)
Taxation - -
Profit/(loss) for the period 10,103 (47,898)
------------- -------------
Profit/(loss) per share (Pence) (Pence)
- Basic 0.02 (0.08)
- Diluted 0.02 (0.08)
Consolidated Balance Sheet
(unaudited)
As at 30 September 2016
30 September 30 September
2016 2015
GBP GBP
Non current assets
Investment in associate 150,827 146,150
Current assets
Available for sale investments 166,347 150,917
Trading investments 131,800 128,254
Trade and other receivables 260,564 210,226
Cash and cash equivalents 218,540 359,346
------------- -------------
777,251 848,743
------------- -------------
Total assets 928,079 994,893
Current liabilities
Trade and other payables (102,363) (193,696)
Total current liabilities (102,363) (193,696)
------------- -------------
Net assets 825,716 801,196
------------- -------------
Equity
Capital and reserves attributable
to equity shareholders
Share capital 2,474,308 2,474,308
Share premium account 1,247,379 1,247,379
Revaluation reserve 94,326 88,885
Reserve for own shares (50,254) (50,254)
Retained losses (2,940,043) (2,959,121)
825,716 801,196
------------- -------------
Consolidated Cash Flow Statement
(unaudited)
6 months ended 30 September 30 September 30 September
2016 2015
GBP GBP
Net cash from operating
activities
Operating profit/ (loss) 13,624 (59,259)
Provision for share based 17,500 -
payments
Operating cash flows before movements
in working capital 31,124 (59,259)
Movement in working capital
Decrease in receivables 258,013 280,882
(Decrease) in payables (281,013) (162,347)
(23,000) 118,536
------------- -------------
Operating cash flow 8,124 59,277
------------- -------------
Investment activities
Interest (payable)/receivable (73) -
Proceeds on disposal of
trading investments - 5,005
Proceeds on disposal of available - -
for sale investments
Expenditure on available - -
for sale investments
Cash flow from investing
activities 8,050 64,282
------------- -------------
Financing
Issue of share capital - -
Interest payable - -
Cash flow from financing - -
activities
------------- -------------
Net increase in cash and
cash equivalents 8,050 64,282
------------- -------------
Cash and cash equivalents at start
of the period 210,490 295,064
Cash and cash equivalents at end
of the period 218,540 359,346
Increase in cash and cash
equivalents 8,050 64,282
------------- -------------
This financial information has been prepared in accordance with IFRS and International Financial Reporting Interpretations Committee ('IFRIC') interpretations adopted by the European Union, and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS, with the prior period being reported on the same basis.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR FFIFWIFMSEFE
(END) Dow Jones Newswires
December 16, 2016 02:00 ET (07:00 GMT)
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