Frontier IP, a UK-based commercialisation company, has seen its revenues grow to £1.6m ($2.45m) for the year ending June 2015.
The revenues have doubled from the year before, which saw £786,000, as the fair value of Frontier’s portfolio companies climbed to £2.8m with pre-tax profits of £647,000 – a sharp increase on the year before’s result of £27,000.
Neil Crabb, CEO for Frontier, said: “The group is making good progress in line with its strategy. I am particularly pleased to report the growth in value of our portfolio, as evidenced by the recent fundraisings. We continue to see strong commercial progress in our core portfolio, building the potential for further uplift in value.”
