In the ever-changing world of UK investments Paul Pindar and his son Richard Pindar created something different: a £273m fund that picks winners among small british companies
Their brain-child Literacy Capital (started bout 7 years ago) stands out by focusing on growing UK businesses that dont want to deal with stock market hassles: the fund has a no-nonsense approach to picking solid companies with good track records
The funds top picks show real promise – RCI Group a police-and-courts healthcare provider grew big time and is now worth £99‚5m; while Oxygen Activeplay (a trampoline park business) jumped to more than £24m in value. The funds name BOOK comes from its cool habit of sharing money with reading charities run by Sharon Pindar
The money-side looks good too: the fund made a super-impressive 106% return on its investments in past 3 years – beating most other similar funds; though shareholders got a smaller 48‚9% piece of that pie. Some nice wins came from selling parts of pet-food maker Butternut Box and recruitment firm Kernel (both sold for bout 50% more than expected)
Things got a bit bumpy lately – the fund saw its first down quarter since covid times and raised its fees from 0‚9% to 1‚5%. But most of their companies are still growing fast with yearly jumps of 21% in money coming in and 15% in profits. Right now the shares trade 10% below what the stuff inside is worth – making it a good time to jump in