Seneca are delighted to announce that we were “Highly Commended” in the “Best EIS/SEIS Investment Exit 2018” award section at the Enterprise Investment Scheme Association (EISA) Awards at the House of Lords today. The award was given for our exit from Foodpack, 3 years on from saving the business from Administration in a £7.5m deal.
Tim Murphy of Seneca, who was a Director of Foodpack throughout the investment, commented:
“Making a success of a business bought out of Administration is notoriously difficult and involves many highs and lows along the way. Bringing Foodpack back from the brink and turning it into a high quality operation was a great result for our Investors and all stakeholders, not least the 150 colleagues who work in the business but also the wider community of St Helens that benefits from those jobs being secured.”
It is important to be aware that not all investments in smaller unquoted companies are successful and investors must understand the risks inherent in such investing. If you are in any doubt then you must speak to a financial adviser. Investments in unquoted companies could put some or all of your capital at risk.