Frontier IP booked increases for 2018-19 across the board in terms of cash holdings, portfolio value and pre-tax profit.
UK-based commercialisation firm Frontier IP almost trebled its pre-tax profit to generate £2.4m ($3.1m) during the 2018-19 period compared with $1.2m the previous year.
The company’s statements for the year to June 30, 2019 also show a fair value portfolio increase of 47% to $16.9m from $11.9m in 2017-18.
Its cash pile stood at $1.9m at the end of the reporting period, up 36.4% year-on-year, while total revenues escalated by 81% to reach $5.5m.
Frontier IP had 17 portfolio businesses by the end of 2018-2019, having launched four new spinouts including three founded in partnership with Portuguese universities and with support from the UK Department for International Trade.
The firm regards its investments as having made “good commercial progress” with “strong” industry engagement that has been reflected in the fair value increase.
Highlights over the period include a $26m series B round in
