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BP Marsh warns of business ‘headwinds’ as inflation rises

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City firm BP Marsh & Partners is confident of its ‘growth trajectory’ and that of its portfolio of companies   (Stefan Rousseau/PA)
City firm BP Marsh & Partners is confident of its ‘growth trajectory’ and that of its portfolio of companies (Stefan Rousseau/PA)

City private equity house BP Marsh & Partners has warned that there will be “headwinds for all businesses” from rising inflation and pressures on the global economy accelerated by the ongoing conflict in Ukraine.

In announcing its full year results to the end of January, the company said that net value of its assets had increased by £16.7 million to £166.6 million for the year, up from last year’s total of £149.9 million, a double digit increase of 11.1%. Profit increased from £17.5 million for the full year up from £13.7 million the previous year.

Brian Marsh, chairman of BP Marsh & Partners, said: “The group has delivered another strong set of results, against a difficult macro-economic environment, namely Covid-19.

“There remain headwinds for all businesses, particularly the conflict in Ukraine and the inflationary environment, but I remain confident that working closely with our portfolio companies we can continue our growth trajectory.”

The company has now proposed a dividend of 2.78p per share payable in July 2022 up from the 2.44p it paid to shareholders last year.

In December, the investment firm sold its 40.5% stake in London-based Walsingham Motor Insurance for £5.2 million. During 2021, it also offloaded its 40% interest in MB the Australian specialist motor insurer for £3.6million, and its claim in insurance broker Mark Edward Partners for £1.1 million.

This March, BP Marsh bought a 40% stake in insurance company Denison and Partners. As part of the deal,  it also provided a loan facility to the company of £800,000. The business is a London-based insurance broker start-up headed by boss Alasdair Ritchie.

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