Universal Partners' loss widens to £8.4m despite strategic investment gains

Universal Partners Limited announced a summarised audited loss of £8,415,538 for the year ended 30 June 2025, a significant increase from £278,836 in the prior year. The net asset value per share stands at £1.176. The company’s principal activity involves holding investments in high-quality, growth businesses across Europe, with a focus on the United Kingdom.

The increased loss was primarily attributed to an impairment of £11,356,570 related to a loan advanced to Xcede, following a strategic debt-for-equity swap. Despite this, the company recognised a fair value gain of £5,804,077 on investments and adjusted the valuation of Workwell Group upwards by c. £7.7m to £54.8m. However, the investment in Propelair continues to be valued at a nominal £1 due to its performance significantly trailing its original business plan.

No dividends were declared, consistent with the company’s strategy to maximise investment value and distribute surplus cash flow from future investment sales to shareholders. The summarised audited financial statements are available on the company’s website and the JSE.