Member Profile
OPEN DAY 2011 – STIMULATING SUCCESS
TRI Cap’s successful Open Days, which traditionally follow on from the company’s AGM, have become part of the business calendar, attracting a range of interested individuals to hear progress reports from a number of TRI Cap’s investee companies.
The 2011 Open Day was no exception, with a substantial number of TRI Cap’s contacts gathering in Melrose for an interesting and stimulating afternoon, with presentations from Ectopharma, Actual Analytics and Turnbull & Scott.
Alan Walker of Ectopharma guided guests through an overview of the company’s strategy to exploit its Octanediol formula, specifically through the highly successful Hedrin product for treatment of head lice, and its work to pursue alternative uses across other industries. In addition, the company is progressing work on taking a further compound to market.
Actual Analytics’ James Heward reviewed the company’s performance over the preceding year and laid out its plans for the next. The company, which develops and sells software solutions to automate behavioral analysis, was launched in 2007 and has to date achieved its goals of launching its first product in November 2010, as well as raising the funding it needs and recruiting an R&D team. In 2011 its targets focus on further development of its product and achievement of financial break-even.
Peter Murphy of Turnbull & Scott shared a brief overview of the turbulent times experienced by his company since he led a management buy-in in 2007, and outlined how – despite the challenges the business has faced – there is light at the end of the tunnel and optimism in the boardroom. He particularly highlighted the benefit TRI Cap has brought to T&S over this difficult period.
Rounding off the presentations, TRI Cap Chairman Rob Dick thanked all who had presented and led discussions, and set out TRI Cap’s own targets for 2011- 12. The Investor Agreement, he indicated, will become a more significant document for the syndicate. He also committed greater involvement of TRI Cap members in the companies invested in, and a greater emphasis on promoting success within investee companies.
http://www.flickr.com/photos/tricap/sets/72157626227779287/show/
END
March 2011
Issued on behalf of TRI Cap by Eileen Prior, PR Consultant.
For further information contact Eileen Prior on 07802 180412, or email priorpr@btinternet.com
Visit www.tricapital.co.uk for more information.