Stockbourne has scraped back into the black for the first time in a decade, and is seeking portfolios worth between £20m and £50m.
The company this week posted a £39,000 pretax profit for the year to March against a £497,000 loss in 1997. Turnover, including Stockbourne’s share of joint ventures, was £5.7m, slightly up on last year’s results.
Stockbourne is looking for more joint ventures, such as the deals it has struck with Warner Estates and Cargill Financial Markets.
Joint managing director David Williams said: “The rationale behind our business is to take our limited resources, about £2.5m, and treat them as five £0.5m tokens. Each token buys us into a transaction. We’ve got good relations with three or four financial partners.”
