REG-Marechale Capital Plc: Half-year Report
19/01/2026 12:30
19 January 2026
Marechale Capital plc
("Marechale Capital", “Marechale” or the "Company")
Half-yearly Results
Marechale Capital plc, an established City of London based corporate finance
house with a long-term track record and a strong reputation for advising and
financing high growth consumer brands, leisure, clean energy, mineral
extraction and technology companies, announces its unaudited half-yearly
results for the six months ended 31 October 2025 (the “Period”).
Chairman’s Statement
A difficult first half to the Company’s year has been a feature of recent
years, with 2025 being no exception, particularly with the SME market being
challenging. However, the market started to pick up in November 2025, and
there has been a healthy new business pipeline developing in recent months.
During the six months ended 31 October 2025, the Company generated a gross
profit of £55,310 (2024: £103,468) and delivered an operating loss of
£177,066 (2024: loss of £138,485 ), resulting in an overall loss before tax
of £176,515 (2024: loss of £178,261).
The Company’s balance sheet shows a net asset value of £3,063,198 (2024:
£3,183,537), representing 2.56p (2024: 3.01p) of value per share in issue.
The Board remains positive about the investments that it holds in its client
companies, and in particular its core investment in Weardale Lithium.
Whilst there have been delays in completing some advisory projects during the
Period, on a positive note, Marechale has in the last few months completed
both debt and equity growth round transactions for Wright Brothers, the UK’s
leading premium fish wholesaler and restaurant operator, KBH, one of the
UK’s leading ‘out of home’ media companies on the UK’s railways and
cinemas, Weardale Lithium, which has received planning for the UK’s first
Direct Lithium Extraction plant and Chestnut Inns, one of the UK’s leading
premium inn operators.
Cash at bank as at 31 October 2025 was £228,593 (2024: £223,700). However,
in the months since the end of the Period, and based on the recent
transactions that Marechale has completed, the Company has grown its cash at
bank to £312,000 as at 14 January 2026.
The Board is working on a number of initiatives to create further value for
shareholders over and above its core investment portfolio and corporate
finance projects, including working with various potential businesses and
individuals.
This plan to continue to develop Marechale’s strategic partnerships in order
to enhance shareholder value, and develop new funding partners alongside its
traditional investor relationships, has culminated in the successful
completion of a placing in Marechale shares in October (as previously
announced); this brought in two new strategic investors as well, in addition
to all the Company’s directors investing too.
Marechale Capital continues to see interesting corporate finance and advisory
projects; the Board believes despite the challenges of the last few years,
that the SME market is looking more positive, and that there is a recognition
of value in UK growth companies, particularly with new initiatives for the AIM
markets, the Enterprise Investment Scheme (EIS), and the move to encourage
more private and institutional funding into smaller UK companies.
Whilst the current economic climate is difficult, Marechale Capital remains
diligent and is convinced that there will continue to be good advisory and
investment opportunities in its core hospitality, renewable, clean energy and
technology sectors over the short to medium term, where the Company can
generate more value enhancing warrant and founding equity holdings alongside
advisory cash fees. The Board is also hoping to agree terms on further
strategic partnerships, and is in a number of advanced conversations with
different parties.
Mark Warde-Norbury
Chairman
The information communicated in this announcement contains inside information
for the purposes of Article 7 of the Market Abuse Regulation (EU) No.
596/2014.
For further information please contact:
Marechale Capital Mark Warde-Norbury / Patrick Booth-Clibborn Tel: +44 (0)20 7628 5582
Cairn Financial Advisers LLP Jo Turner / Sandy Jamieson Tel: +44 (0)20 7213 0880
Income Statement (unaudited)
6 months ended 31 October 2025 2024
£ £
Revenue 111,932 148,500
Cost of sales (56,622) (45,032)
Gross profit 55,310 103,468
Administrative expenses (232,376) (241,953)
Operating loss (177,066) (138,485)
Exceptional credit 600 10,316
Loss on disposal of investments - (49,837)
Interest paid (49) (255)
(Loss) before tax (176,515) (178,261)
Taxation - -
(Loss) after tax (176,515) (178,261)
(Loss) per share
(Pence) (Pence)
- Basic (0.17) (0.17)
- Diluted (0.17) (0.17)
Balance Sheet (unaudited)
As at 31 October 31 October
2025 2024
Current assets
Available for sale investments 2,807,829 2,939,660
Trading investments 58,800 49,953
Trade and other receivables 91,172 52,856
Cash and cash equivalents 228,593 223,712
3,186,394 3,266,181
Current liabilities
Trade and other payables PAYE Bounce-back Loan (110,811) (4,885) (7,500) (54,338) (10,806) (10,000)
Total current liabilities (123,196) (75,144)
Net current assets 3,063,198 3,191,037
Bounce-back Loan – long-term - (7,500)
Net assets 3,063,198 3,183,537
Equity
Capital and reserves attributable to equity shareholders
Share capital Share premium 955,530 575,790 847,530 481,290
Reserve for own shares (50,254) (50,254)
Retained profits/ (losses) 1,403,817 1,739,397
Reserve for share based payments 178,315 165,574
3,063,198 3,183,537
Cash Flow Statement (unaudited)
6 months ended 31 October 31 October
2024
£
Net cash from operating activities
Loss after tax (176,515) (178,261)
Reverse exceptional credits (600) (10,316)
Loss of disposal of investments - 49,837
Provision for share based payments Reverse interest paid - 49 15,406 255
Operating cash flows before movements in working capital (177,066) (123,079)
Movement in working capital
Decrease/ (increase) in receivables 13,852 (7,950)
(Decrease)/ Increase in payables (17,795) 3,108
Net movement in working capital (3,942) (4,842)
Operating cash out-flow (181,009) (127,921)
Investment activities
Expenditure on available for sale investments - -
Proceeds from sale of investments and options - 108,692
Cash flow from investing activities - 108,692
Financing Share Capital Bounce-back Loan repayments Interest paid 202,500 (5,000) - (5,000) (255)
Net financing (48) 197,452 (5,255)
Net Increase / (decrease) in cash and cash equivalents 16,443 (24,484)
Cash and cash equivalents at start of the period 212,150 248,196
Cash and cash equivalents at end of the period 228,593 223,712
Increase / (decrease) in cash and cash equivalents 16,443 (24,484)
This financial information has been prepared in accordance with IFRS and
International Financial Reporting Interpretations Committee ('IFRIC')
interpretations adopted by the European Union, and with those parts of the
Companies Act 2006 applicable to companies reporting under IFRS, with the
prior period being reported on the same basis.
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