Marechale Capital, Patrick Booth-Clibborn’s new corporate finance vehicle, moved into profit in the six months to September 2010.
Marechale generated revenues of £300,000 during the period – there were no revenues in the first half of last year. Costs have been reduced and Marechale reported a £10,000 interim profit, against a £315,000 loss last time. There was £294,000 in the bank at the end of September 2010.
Marechale focuses on advising and raising money for companies in the renewable energy, leisure and infrastructure sectors. Nine transactions were completed in the first half and two cleantech transactions included the award of warrants and founder equity that provides additional upside.
Future Biogas is an anaerobic digestion biogas business and Marechale helped it raise cash for its first site. Marechale formed solar development company West Country Renewables.
Marechale is currently involved in launching a new renewable fund for consented FIT plants.
Marechale is interested in acquiring fund managers or other financial services businesses.
At 1.5p a share, Marechale is valued at £710,000.
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