It’s been a great year for us at 4 Oceans, despite the headwinds generated by the Brexit deadlock. We have managed to exit from another 2 investments, in our first fund, meaning we have now returned 110% of capital, excluding tax benefits, with 3 investments left to mature.
We have also advised on 2 follow on investments into portfolio businesses in our 2nd SEIS fund increasing the NAV of that fund by more than 40% so we are on track to deliver a return on that fund also.
Looking at both Seed Enterprise Investment Funds together we are predicting a return if between 250% and 300% excluding the tax benefits which is a phenomenal performance.
We are now beginning the process to raise our 3rd fund which will concentrate on follow on and larger seed rounds up to £500k. If you are interested in investing in this fund then please register your interest here I’m interested in your EIS fund.
2019 has also been a great year for our advisory practice and we have generated record revenues from that side of the business this year. We have where possible reinvested the profits from the advisory business into providing additional benefits to our portfolio and advisory clients. This year we have added free access to Xero accounting as well as amazing discounts on the HubSpot CRM platform to help our clients compete in the global marketplace.
We have also established a relationship with both Tide and Capital On Tap to give our portfolio companies access to the most agile business banking account and a truly flexible working capital facility that grows with them.
Let’s hope next year is just as positive.
Holiday opening times
We will be closed from Friday 20th December 2019 until Monday 6th January 2020. If you do try and contact us during that time then we will probably not get back to you in a timely manner, but we will get back to you.Merry Christmas from 4 Oceans Capital Ltd.
All the best.
David