UK - 2005 sees Archangel portfolio bear fruit

Archangel Informal Investment Ltd's annual review, released over the weekend, reveals its continuing confidence in the Scottish market for young technology companies with the investment of a further £4m in 14 of its existing portfolio businesses during 2005. Topping the £2.4m invested in existing businesses during 2004, last year’s figures reflect the syndicate’s philosophy of patience and support as it seeks to help the boards of its companies achieve solid growth and safeguard the best interests of their shareholders. The higher proportion of funds advanced during the last year to existing businesses was augmented by £2.1m invested in four entirely new enterprises.