(Alliance News) - Capital for Colleagues PLC on Thursday said its net asset value continued to grow over its latest quarter.
Capital For Colleagues is a Wiltshire, England-based investment company focused on employee-owned businesses.
The company said its NAV per share at May 31 rose 5.6% to 82.11 pence from 77.78p per share at the start of the quarter on February 28.
Shares in Capital for Colleagues were untraded at 62.50 pence on Friday in London.
At May 31, the company's portfolio of unquoted investments was valued at GBP13.7 million. It comprised 14 companies following the addition of Evesham, England-based automotive start-up Morris Commercial Ltd. Capital for Colleagues announced in mid-March that it had invested GBP1.0 million in Morris Commercial, while Non-Executive Director Bill Ainscough and TJ Morris Ltd both invested GBP3.5 million.
Capital for Colleagues also on Thursday said that another investee, Glasgow-based space engineering company Craft Prospects Ltd, was appointed to lead a joint mission with the European Space Agency. The project is valued at about EUR12.0 million.
Capital for Colleagues said it believes the EOBs in its portfolio currently generate approximately GBP46.5 million in turnover each year and support approximately 335 jobs.
By Emma Curzon, Alliance News reporter
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