Aim 100 

The Aim 100 2019: 80 to 71

The Aim 100 2019: 80 to 71

80. Benchmark Holdings

The UK’s Brexit deadline may have been significantly delayed, but that hasn’t stopped companies such as Benchmark Holdings (BMK) from taking mitigating actions to protect its – and its customers’ – best interests. At the time of full-year results in January, chief executive Malcolm Pye told us he was confident the animal health and nutrition group could withstand any near-term shocks: “Around 70 to 80 per cent of our business is outside of Europe,” he said. “But, like any sane person, we’re not supportive of a no-deal, or even a hard Brexit.” 

Even though those numbers were largely what investors expected to see, a slower start to the new financial year caught some shareholders off-guard, prompting a share price fall on the day. A volatile shrimp market had caused softer demand across the advanced nutrition business, although Mr Pye believes the division will recover in the second half, while the genetics business should help make up some of the shortfall. We’re keeping the faith. Buy. HR

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