Selkirk reports "strong progress" in first 15 months since IPO

(Alliance News) - Selkirk Group PLC on Wednesday reported a loss for the period from its ...

Alliance News 8 April, 2026 | 10:59AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Selkirk Group PLC on Wednesday reported a loss for the period from its incorporation to the end of last year, and said it is "actively progressing" talks concerning its reverse takeover plans.

The London-based acquisition vehicle, which is focused on the UK consumer, technology and digital media sectors, joined AIM in November 2024, and raised net proceeds of around GBP7.1 million.

Selkirk reported a pretax loss of GBP440,662 for the 15 months ended December 31, and a basic and diluted loss per share of 0.11 pence.

Administrative expenses totalled GBP692,424, and were partially offset by finance income of GBP251,762.

Selkirk had GBP7.0 million in total assets as of December 31, and a cash balance of GBP6.9 million. The latter totalled GBP6.8 million as of February 28, and Selkirk noted that it "remains debt free".

The company added that it has an "active pipeline of acquisition opportunities under review with a rigorous screening process."

"Since our successful admission to AIM, Selkirk has made strong progress in executing its strategy as a disciplined acquisition vehicle," commented Executive Chair Iain McDonald. "We have reviewed a broad pipeline of opportunities while maintaining a highly selective approach, ensuring we only pursue transactions that meet our strategic and valuation criteria.

"With a robust cash position of nearly GBP7 million and a tightly controlled cost base, we are well positioned to act decisively when the right opportunity arises. The UK continues to present a compelling landscape of high-quality, undervalued businesses that would benefit from access to public markets.

"We will be seeking shareholder approval in the next few weeks for a continuation of our investment policy."

McDonald continued: "We remain confident in our strategy and are actively progressing discussions with a number of potential targets. The board looks forward to updating shareholders as we work towards completing a value-accretive acquisition."

Shares in Selkirk were down 1.1% at 1.80p each on Wednesday in London.

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Selkirk Group PLC 1.82 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures