Corporate finance firm Marechale said it had fallen £86,000 into the red in the six months to the end of September.
The loss compared with a £10,000 profit the previous year.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
However, Marechale said a number of recent projects, including arranging £38m for Halcyon Hotels & Resorts to buy seven hotels, had brought the business back into profit in the last three months.
Chairman Mark Warde-Norbury said market conditions were still challenging and the firm was cautious about the immediate outlook.
But he added there was "a good pipeline of businesses seeking funding, a number of engaged corporate finance projects, and an appetite amongst our investor contacts to invest in high quality investment opportunities".
"This provides us with a degree of confidence for the second half of the trading year," he said.
-
Football fans issued warning over ticket scams ahead of 2026 World CupSantander customers lost more to football scams in the first six months of 2025 compared to the same period in 2024, when total losses surged due to the Euros
-
Nationwide fined £44 million over “inadequate” anti-money laundering systemsFailings in Nationwide’s financial crime processes between October 2016 to July 2021 meant one criminal was able to deposit £26 million from fraudulent Covid furlough payments in just eight days.
