Souter Investments has issued its fourth triennial Investment Review covering the period from the formation of Souter Investments in December 2006 to March 2019.
It has been a busy period since Souter Investments released its previous Investment Review in 2016, with 10 new investments made in industries ranging from oil and gas services to financial services, business services, consumer and technology.
A similar number of exits of portfolio companies have also been achieved, including the sales of Alexander Dennis, Mobius Life and Baywater Healthcare.
Sir Brian Souter commented: “Our total portfolio, excluding Stagecoach, increased in value by 9% per annum over the 12 years ended March 2019. This compares against a 5% annual return on
UK quoted equities over the same period.
“Although this does not sound like much of a difference, the compounding effect means that the value of our portfolio is 55% higher than it would be if we invested solely in the UK stock market.
“Despite the uncertain political and economic times facing us all, our portfolio is in good shape and Souter Investments has the liquidity to continue investing through the cycle. I remain positive in the ability for canny investors to find value in the coming years and hopefully Souter Investments can continue to be one of those investors.
“Given the excellent performance of Souter Investments, I have today gifted 28% of its shares to The Souter Charitable Trust; I estimate that the value of this shareholding is £109m. The Souter Charitable Trust has donated more than £98m to 13,000 worthwhile causes over the last 13 years and this gift will allow it to continue this important work.”