Business
Full Year Results for the period ended 31 Dec 2022
Full Year Results for the period ended 31 Dec 2022.
About this update from Bay Capital Plc
[{"type":"text","content":"\n\n 28 April 2023\n \nBay Capital Plc\n \n(\"Bay Capital\" or the \"Company\")\n \nFull Year Results for the period ended 31 December 2022\nBay Capital Plc (LSE: BAY) has today published its Annual Report and Financial Statements for the period ended 31 December 2022 (the \"Annual Report\").\nIn accordance with Listing Rule 9.6.1 copies of the Annual Report have been submitted to the UK Listing Authority and will shortly be available to view on the Company's website at https://www.baycapitalplc.com/ and will be shortly available for inspection from the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.\nLEI: 213800F59868OZQU6E56\n \nEnquiries\n\n\n\n\nTessera Investment Management Limited\nTony Morris\n \n\n\n\n\n\n \n+44 (0) 7742 189145\n\n\n\n\n\n\n \nChairman's Statement\nI am pleased to present the financial results for Bay Capital Plc (\"Bay\", or the \"Company\") and its subsidiary (together the \"Group\") for the year ended 31 December 2022.\nSince establishing the Company on the Standard List of the Main Market of the London Stock Exchange in 2021, we have remained focused on implementing our strategy and continue to assess investment and acquisition opportunities where we believe there to be sustainable growth potential either organically or through acquisition. These will typically be fundamentally sound assets, where tangible opportunities exist to drive strategic, operational and performance improvements.\nContinuing macroeconomic and geopolitical uncertainty has undoubtedly fed into business confidence and a general slowdown in corporate activity, however with this comes opportunity, allied with a renewed market focus on high quality, asset backed cash generative companies. We therefore remain extremely positive about the prospects of our sectors of focus across industrials, construction and business services sectors, and look forward to updating shareholders in due course. We also thank our shareholders for their continued support while we diligently continue to source and evaluate a number of exciting propositions that if secured, we believe have the potential to create shareholder value.\nPeter Tom CBE\nChairman\n27 April 2023\n\n\n \nReport of the Directors\nThe Directors of the Company present their re...