Duke Capital has reported a 5 per cent year-on-year improve in income to £6.3m for the primary quarter of the 2025 monetary 12 months.
The agency, which gives loans for small-and medium-sized companies in Europe and North America, has additionally forecast recurring money income of £6.4m for its second quarter, ending 30 September 2024.
First-quarter income was up 9 per cent on the earlier quarter’s £5.8m. The agency additionally reported money income for the primary quarter of 2025 was £6.8m, following the total exit of Fairmed Healthcare.
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In July, Duke accomplished a £2.9m follow-on funding into Step investments to allow Step to amass present mortgage notes and improve its fairness shareholding in Bay Broadcasting Restricted.
In August, Step accomplished the sale of considered one of its different working subsidiaries, Metropolis Schooling & Studying Group Restricted, delivering €5.2m (£4.3m) of money on completion with an additional €3m deferred consideration fee due after two years.
This month, Duke invested an additional £3m of hybrid credit score funding into United Glass Group for the acquisition of Premier Double Glazed Models Restricted. It was the primary acquisition by United Glass since Duke accomplished the secondary share buy transaction earlier in 2024, which noticed Duke’s fairness stake in United Glass improve to 73.8 per cent.
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“It’s my pleasure to report one other strong quarter of Duke’s working efficiency for Q1 FY25 and to forecast a file recurring income efficiency for Q2 FY25,” mentioned Duke Capital chief govt Neil Johnson. “In August, we welcomed the Financial institution of England’s choice to ship the primary fee minimize in over 4 years, because the UK financial backdrop actually stays difficult relative to america.
He added: “Regardless of the macros headwinds, it’s pleasing to report that Duke’s diversified portfolio throughout the UK, Eire, Canada and america continues to ship dependable returns leading to a powerful dividend stream being paid out to its shareholders.”
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