Full Year Results 

Mercia Tech: growth at a discount

Mercia Tech: growth at a discount

The value of Mercia Technologies’ (MERC) direct investment portfolio rose by 27 per cent to £66.1m for the full year, after the group made a £21.1m net investment across 17 companies. These included three new ‘emerging stars’ – selected holdings from Mercia’s third-party managed funds which it then injects with further capital from its own balance sheet. The stars in question were Intechnica, a Manchester-based services and software business with around £6m in annual revenues; Aston EyeTech, a provider of hardware and software products for ocular care; and Voxpopme, a video analytics platform.

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