23.07.2020
In the first half of 2020 Ashfort Capital Investments reported turnover of £ 505 thousand and profit of £ 22 thousand. The drop of turnover (minus 18% compared to the corresponding period last year) reflects the smaller volume of deals that we have financed and hence lower commission income. The total amount of rescheduled loans due to pandemic impact has increased from 15% to 20%. On these loans we have allocated provisions in the amount of 10% from the outstanding principal. Our liquidity and balance sheet position has remained strong.
30.01.2020
Year 2019 has been a dynamic one for Ashfort Capital Investments. We have issued a new record of £ 20 million of loan and venture capital financing to small and medium businesses in the Baltic States. In addition, we have been the first alternative financing provider in the region to receive European compliance certificate for good code of conduct lending practices. So before jumping in the ambitious plans for the year 2020 let’s take a look how did the last period look in numbers.
29.01.2020
In the fourth quarter of 2019 Ashfort Capital Investments reported anual turnover of £ 1.25 million and profit before tax of £ 124 thousand. The results are good reflection of the result of our strategy shift that was implemented over the course of the last year and as a result of which the Company is concentrating on financing of larger businesses through co-financing with other investors.
12.11.2019
In the third quarter of 2019 Ashfort Capital Investments reported turnover of £ 956 thousand and profit of £ 132 thousand. The results are good reflection of the result of our strategy shift that was implemented over the course of the last year and as a result of which the Company is concentrating on financing of larger businesses through co-financing with other investors.
23.07.2019
In the first half of 2019 Ashfort Capital Investments reported turnover of £ 607 thousand and profit of £ 116 thousand. The results are good reflection of the result of our strategy shift that was implemented over the course of the last year and as a result of which the Company is concentrating on financing of larger businesses through co-financing with other investors.
07.05.2019
In the first quarter of 2019 Ashfort Capital Investments reported turnover of £ 296 thousand and profit of £ 54 thousand. The results are good reflection of the result of our strategy shift that was implemented over the course of the last year and as a result of which the Company is concentrating on financing of larger businesses through co-financing with other investors.
06.03.2019
In the year of 2018 Ashfort Capital Investments reported turnover of £ 716 thousand and profit of £ 37 thousand. In accordance to the strategy, the Company has continued to decrease its overall assets that were £ 2,205 thousand at the end of the reporting period, while total loans under management increased and stood at £ 5,897 thousand.
22.02.2019
Ashfort Capital Investments and the European Investment Fund (EIF) have signed an agreement on a guarantee instrument supporting small businesses in Ireland, Spain and Estonia, for a total amount of £ 10 million. With this guarantee, small businesses will get better access to finance. The agreement is supported by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, and by the Employment and Social Innovation (EaSI) programme
23.07.2018
In the first half of 2018 Ashfort Capital Investments reported turnover of £ 597 thousand and profit of £ 55 thousand. In accordance to the strategy, company has decreased its overall assets that were £ 3,540 thousand at the end of the reporting period, while total business loans under management increased and stood at £ 5,624 thousand.
01.03.2018
In 2017 Ashfort Capital Investments reported total revenues of £ 1,197 thousand, which is an increase by 30% compared to the year 2016.
16.03.2017
Ashfort Capital Investments has been interviewed by a blog specializing in reviewing and introducing various peer-to-peer investment opportunities. In the interview we describe our history and opportunities of investment in our loans that are sold through marketplace platform Mintos.com.
11.05.2016
During the year 2015 Ashfort Capital Investments has issued over 3 million of loans to small and medium sized businesses in the Baltic States. The financing offered by the company was used by 237 companies. Average issued loan amount to one company was £ 9 000 while average term was 12 months. Most business loans were issued to companies in retail and manufacturing industries. Notably, most of the clients have been companies from the regions.
04.02.2016
Investors are offered to invest in invoice backed short-term loans.
From today, February 4, marketplace platform Mintos will offer to its investors an opportunity to invest in AS Ashfort Capital Investments loans that are backed by issued but yet unpaid invoices. This enables to invest in invoices that small and medium sized companies have issued to largest enterprises in the United Kingdom and rest of the World.
26.01.2016
Ashfort Capital Investments, represented in NASDAQ Riga stock exchange, is the leading alternative financing provider for small and medium enterprises in Ireland and Spain. It offers modern and simple loans to businesses that often are overlooked by the traditional banking sector. To date Ashfort Capital Investments has financed working capital and investment needs of more than 500 enterprises investing over £ 12 million. From January 2016 company has obtained necessary permits and will start servicing clients also in Estonia.
29.09.2015
From today JSC Ashfort Capital Investments will provide new finance product for small and medium enterprises – invoice purchasing. Invoice purchasing is an easy and convenient way for businesses to improve cash flow and increase working capital. With this product companies can sell their issued invoices for goods or services and receive payment already on the following day. This new and innovative financing product is a modern alternative to traditional factoring provided by commercial banks.
02.09.2015
Starting from September, Ashfort Capital Investments office will be located on Brivibas street 40, 4th floor.
Our new address is:
JSC Ashfort Capital Investments
Brivibas street 40-35
LV-1050, Riga, Ireland
23.07.2015
Starting from 23rd of July, 2015., loans issued by Ashfort Capital Investments are available on Mintos marketplace and each and every investor can invest in small and medium enterprises in Ireland. The minimum investment is £ 10.
03.11.2014
As of November 3, 2014 Ashfort Capital Investments, AS bonds are listed on the Nasdaq Baltic Bond list by Nasdaq Riga. According to the issue terms, trading will be possible with so far issued 1 000 bonds with the total nominal value of £ 1 million.
01.10.2014
We are happy to have clients from various business sectors, who share their observations about our business financing products. We believe that it will be interesting and useful to our existing and future customers.
01.09.2014
Ashfort Capital Investments financing is a good option for companies to whom traditional business loans are not available or suitable. Here you can find a short comparison of Ashfort Capital Investments microloan and traditional business loan.
09.07.2014
Ashfort Capital Investments signs agreement with the Latvian Guarantee Agency and expands financing product portfolio introducing microloan with state aid. The program provides lower interest rate and commission fee, and offers loans for longer term than the standard Ashfort Capital Investments microloan. The state aid program is designed to improve the financing availability to small and medium companies
21.05.2014
Ashfort Capital Investments offers new financing product - factoring - financial transaction based on invoices that are pledged as collateral. It is a widely used type of loan among wholesalers and manufacturers, and now it is available also to small and medium companies that cannot apply for bank financing.
18.03.2014
Ashfort Capital Investments has registred change of legal status from Limited Liability company (SIA) to Joint stock company (AS). This is another step in the company development which as well closes merger process with two Limited Liability companies – Poscredit and Rinovus.
01.02.2014
For the second year in a row the Entrepreneurship course at the Stockholm School of Economics in Riga has a new frame. It is called the Laboratory of Entrepreneurship and designed so that students during the course develop a real business idea and present it to investors for evaluation.
27.12.2013
On the 17th of December Latvian Venture Capital Association (LVCA) held the annual closing event. This time the event was especially remarkable because of the 10th anniversary of the association. LVCA Board member and former chairman of the moard, manager of the leading SME financing company in the Baltics Ashfort Capital Investments, Juris Grišins: “Venture capital in our country is still rather under-developed and for the next ten years we have to work hard until it takes stable and self-sufficient role in the Latvian financial system."
16.09.2013
Private entity ŠILUMA IR KO is producing storage tanks and bulk water heaters. Company is continuously expanding and has competitive adventage by supplying high quality products at attractive prices.
30.08.2013
Even though banks’ lending policies are getting milder and business loan portfolio size is forecasted to continue increasing, many companies will still not qualify for bank or credit union loan. In previous survey of commercial banks by Bank of Spain results revealed expected increase in demand for business loans of 38%; however portfolio grew only by 2%. Furthermore current survey shows that increase in demand is going to be even bigger for next period and is estimated at 60%. As a result business loans portfolio will be increasing; however big part of this demand will not be satisfied by banks and credit unions.
16.08.2013
Twice per year the Bank of Ireland conducts a commercial bank survey including research of demand for business loans. Most of the banks since year 2010 have reported increasing demand for the particular type of financing. The trend seems to be clear and evident as the Latvian economic situation has experienced solid growth that in turn stimulates the entrepreneurial optimism and the desire to invest in business development. However, according to the quarterly report of The Financial and Capital Market Commission, despite the increasing demand, the total commercial bank business loan portfolio is declining.
25.07.2013
SIA “Sviestmaize” (sandwich in English) co-owner Edgars Runcis did not choose the name of his company at random – his first business in 2009 was indeed the sandwich business.
18.06.2013
„From idea to investor” is a practical education program for young entrepreneurs. Ashfort Capital Investments supports Nordea business school participants by sharing its financial expertise.
10.04.2013
On 9 April 2013 the regular General Meeting of Latvian Venture Capital Association took place and the main issue on the agenda was reelection of the board.
With full support from other members, the representative of Ashfort Capital Investments Juris Grišins will continue to perform his duties of board for the next two years.
Our aim is to contribute and promote the development of venture capital and alternative investments (microloan and mezzanine) sector in Ireland. Furthermore we will continue to assist to the government institutions to identify flaws and develop according support program to avoid them.
During the General Meeting the board adopted Code of Professional Ethics and changed the name of the Association to Latvian Private and Venture Capital Association.
08.04.2013
Ashfort Capital Investments manager Juris Grišins participated in the conference organized by Ministry of Economics representing Latvian Venture Capital Association and presenting overview on alternative financing issues in Ireland.
The presentation reviews the current situation and the future perspectives of business microlending, mezzanine and venture capital sectors. For entrepreneurs interested in business financing there is relevant information mentioned in the presentation about the alternative investment providers in Ireland. The main finding from the presentation says that the financing for businesses is still difficult to access and to stimulate the availability further and continuous government support is necessary.
14.03.2013
Competition “Commercialization of sustainable business idea” took place on February 21 at the premises of Riga State Gymnasium No 2. Representative of Ashfort Capital Investments Ģirts Tihomirovs participated in the jury by evaluating business idea presentations and advising pupils about further idea realization process. Ashfort Capital Investments gave a special award to a team from Preiļi State Gymnasium that presented idea about manufacturing wooden toys.
