B.P. Marsh & Partners PLC
LSE:BPM
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B.P. Marsh & Partners PLC
B.P. Marsh & Partners PLC is a GB-based company operating in Capital Markets industry. B.P. Marsh & Partners Plc is a United Kingdom-based specialist investor in early-stage financial services intermediary businesses. The firm's segments include UK and Non-UK. The firm invests in various business, including insurance intermediaries, financial advisors, wealth and fund managers and specialist advisory and consultancy firms. The company invests amounts of up to £5 million in the first round. Its investment stage ranges from start- up to more developed. Its investments are in the insurance intermediary sector. Its Insurance Intermediary investments are separated into two areas, such as insurance brokers and underwriting agencies/managing general agents (MGAs). The company has three subsidiary investment entities, B.P. Marsh & Company Limited, Marsh Insurance Holdings Limited and B.P. Marsh (North America) Limited, that provide services that relate to its investment activities. The company considers investment opportunities based in the United Kingdom, Europe, North America and Internationally.
B.P. Marsh & Partners PLC is a GB-based company operating in Capital Markets industry. B.P. Marsh & Partners Plc is a United Kingdom-based specialist investor in early-stage financial services intermediary businesses. The firm's segments include UK and Non-UK. The firm invests in various business, including insurance intermediaries, financial advisors, wealth and fund managers and specialist advisory and consultancy firms. The company invests amounts of up to £5 million in the first round. Its investment stage ranges from start- up to more developed. Its investments are in the insurance intermediary sector. Its Insurance Intermediary investments are separated into two areas, such as insurance brokers and underwriting agencies/managing general agents (MGAs). The company has three subsidiary investment entities, B.P. Marsh & Company Limited, Marsh Insurance Holdings Limited and B.P. Marsh (North America) Limited, that provide services that relate to its investment activities. The company considers investment opportunities based in the United Kingdom, Europe, North America and Internationally.
Strong NAV Growth: Net asset value rose to £349.5 million, up 7% over six months and 38% year-on-year, driven by steady portfolio performance.
Profitability: Profit before tax reached £32.1 million for the period, with most gains coming from investment revaluations.
Shareholder Returns: Total shareholder return was 9.5%, including £8 million in dividends (21.64p per share) paid during the half.
Active Investment: The group made three new investments in the period and four more after the period, deploying over £22.5 million in equity and £4.5 million in loans.
Portfolio Diversification: Major holdings Pantheon, XPT, and ATC make up nearly 60% of NAV, but continued investments broaden exposure across insurance and financial services.
Capital & Liquidity: Available capital decreased to £52.6 million by period end, reflecting active investment and dividend payments, but management remains confident in liquidity.
Discount to NAV Narrowed: The share price discount to NAV improved to 24%, supported by share buybacks and new institutional investors.
Stable Outlook: Management emphasized consistent, patient investment strategy and sees continued opportunity in specialty insurance markets.
