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 Red Capital Plc
[{"type":"text","content":"\n\n27 April 2023\nRed Capital Plc\n \n(\"Red Capital\" or the \"Company\")\n \nFull Year Results for the period ended 31 December 2022\nRed Capital Plc (LSE: REDC) 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.redcapitalplc.com/ and will be shortly available for inspection from the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.\nLEI: 213800O4A398G6GL7270\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 Red Capital Plc (\"Red\" or the \"Company\") and its subsidiary (together the \"Group\") for the year ended 31 December 2022.\nSince establishing the Company we have remained focused on executing our strategy and continue to assess investment and acquisition opportunities where we believe there to be sustainable growth potential both organically, and through acquisition. These will typically be fundamentally sound assets, where tangible opportunities exist to drive strategic, operational and performance improvements.\nDespite continuing general macroeconomic and geopolitical uncertainty, we remain extremely positive regarding prospects within our chosen areas of focus across business services and technology sectors, and we look forward to updating shareholders in due course as our investment and acquisition plans develop during the new financial year.\nI would also like to take this opportunity to thank our shareholders for both their support and patience while we diligently continue to source and evaluate a number of exciting propositions, that if secured, we believe have the potential to deliver value for our shareholders.\nDavid Williams\nChairman\n26 April 2023\n\n\nReport of the Directors\nThe Directors of the Company present their report for the year ended 31 December 2022.\nPRINCIPAL ACTIVITY AND BUSINESS REVIEW\nFor the financial year ended 31 December 2022, the Group and Company's principal activities were that of a holding gro...