Aquis weekly movers: Product launch delays for Incanthera due to patent dispute

KR1 (LON: KR1) had net assets of 57.79p/share at the end of October 2024, down from 62.15p/share at the end of the previous month. There was nearly £600,000 of income generated from digital assets during the month. The share price jumped 24.8% to 85.5p.

WeCap (LON: WCAP) has converted £7.75m of loan notes in WeShop Holdings in return for 3.21 million shares, which is 1.33 million shares at 300p each and 1.875 million shares at 200p each. This increases the shareholding to 16.2%, including shares owned by 235%-owned Community Social Investments. WeCap says that the value of the shareholding is £24.6m, based on the last fundraising share price of 476p. WeCao has extended the discounted capital bond issued to Hawk Holdings for 18 months. The total owed is £6.18m. The WeCap share price increased 7.69% to 1.05p, which capitalises the company at £4.3m.

Wishbone Gold (LON: WSBN) has appointed Tony Moore as chairman and Jack Sun as finance director. The share price improved 6.67% to 0.32p.

SulNOx Group (LON: SNOX) has appointed Fuelonomics Hydrocarbons Innovations as distributor of SulNOxEco fuel conditioners in Nigeria. The share price rose 4.81% to 54.5p.

Vinanz Ltd (LON: BTC) has received the initial order of Bitcoin miners and they are up and running in Nebraska. The share price moved up 0.885% to 14.25p.

Arbuthnot Banking Group (LON: ARBB) chairman and chief executive Sir Henry Angest has bought 116,000 shares at 900p each. He owns 58% of the voting shares. The share price edged up 0.822% to 920p.

FALLERS

Incanthera (LON: INC) has been accused of potential patent infringement in the formulation of its Skin + Cell skincare range. Even though Incanthera believes that there is no merit to the accusation, but the launch of the Skin + Cell range of products has been delayed. There is cash in the bank following a £2.6m subscription at 15p/share. The share price recovered from an all-time low earlier in the week, but it still slumped 57.4% to 5.75p.

Electric vehicle technology developer Equipmake (LON: EQIP) increased full year revenues by three-fifths to £8.1m. Bus repowering revenues grew fastest, but this is labour intensive at low volumes. The loss increased from £5m to £9.1m. The cash outflow from operations declined from £9m to £6.29m. Costs are being reduced. There was £2.5m in the bank at the end of May 2024. A potential licensing agreement could provide cash flow over the next two years. The share price declined by one-fifth to 2p.

Barry Hersh has reduced his stake in Global Connectivity (LON: GCON) from 6.97% to 5.96%. The share price fell 3.45% to 0.7p.

Invinity Energy Systems (LON: IES) has hired Adam Howard as finance director. He was previously at the National Walth Fund. The share price dipped 2.04% to 12p.

AIM movers: Positive exploration news for Oracle Power

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Oracle Power (LON: ORCP) has received the final batch of assay results for the drilling at the Northern Zone intrusive hosted gold project. These show high grades over an expanded area. A mineralisation report is expected by the end of November and then a mining lease application will be submitted. Cantor Fitzgerald has reduced its stake, and Mahfuz Chowdhury has taken a 3.72% shareholding. The share price soared 171% to 0.032p.

TomCo Energy (LON; TOM) subsidiary AC Oil has applied to the Utah authorities for a permit to drill six holes on its lease area near Vernal, Utah. If approved, the drilling could start in 2025. The share price doubled to 0.07p.

Orosur Mining Inc (LON: OMI) has completed the acquisition of Minera Monte Aguila giving it 100% ownership of the Anza gold project in Colombia. Drilling has commenced at Pepas. The share price increased 80.8% to 4.7p.

Quadrise (LON: QED) has signed two long-awaited agreements. The deal with shipping company MSC and Cargill involves production of bioMSAR and MSAR fuels in Antwerp and will enable vessel trials on board the MSC Leandra. Cargill will supply feedstocks and sell the fuels to MSC. The trial should start in the first quarter of 2025. There is also an agreement with fuel supplier Auramarine to develop decarbonisation products in the marine sector. They will enable companies to comply with new environmental regulations. The share price improved 69% to 3.3p.

FALLERS

i-nexus Global (LON: INX) intends to leave AIM. The cloud-based software provider says poor share price performance and liquidity has led to the proposal. There should be direct cost savings of £250,000. The business has been consistently loss making. There is a three-year growth plan. i-nexus Global raised £10m at 79p/share when it joined AIM in June 2018. The cancellation will happen on 27 December if shareholders agree. The share price has recovered some of its initial loss – it fell to 0.65p at one point – but it is still down 44.4% to 1.75p. The market capitalisation is £500,000.

Helix Exploration (LON: HEX) reports that the Amsden formation at the Clink#1 well in the Ingomar Dome in Montana has sub-economic grades of helium. Amsden was always thought to be a small proportion of the potential resource. The more important Flathead formation at the same well had 2.5% helium. The company believes that there could be helium below the Amsden formation and there will be appraisal testing of the Charles formation. Investor sentiment is likely to be volatile and the share price slumped 29.1% to 14.75p.

There was no news from ImmuPharma (LON: IMM), but Aquis-quoted investee company Incanthera (LON: INC) has been accused of potential patent infringement in the formulation of its Skin + Cell skincare range. Even though Incanthera believes that there is no merit to the accusation, but the launch of the Skin + Cell range of products has been delayed. There is cash in the bank following a £2.6m subscription at 15p/share. ImmuPharma sold its 9.9 million shares in Incanthera, raising £1.5m, but it still holds 7.3 million warrants exercisable at 9.5p each. These had been in the money, but the share price has slumped well below the exercise price. The 24.3% decline in the ImmuPharma share price to 1.185p appears overdone on this basis.

ECR Minerals (LON: ECR) says that the potential buyer of assets in Victoria and related tax losses of A$75m is assessing the appropriate structure of the deal. The exclusivity has been extended to the end of January. ECR Minerals is raising £950,000 at 0.33p/share. The cash will be used to advance projects in Victoria and Queensland, including completing assessment of gold production at Blue Mountain, which could be generating revenues in the near future. The cash will fund the 2025 programme of work. ECR Minerals is collaborating with James Cook University in Queensland for the exploration of the Lolworth rare earths project. The share price fell 24.1% to 0.315p.

FTSE 100 rangebound as Zoopla report supports housebuilders

The FTSE 100 is taking a liking to the 8,280 level, having spent the last two sessions moving little more than 10 points in either direction as trade quietens down for the Thanksgiving period.

A lack of global macro catalysts and a slow corporate calendar has kept London’s leading index tethered to a tight range after a reasonably strong start to the week.

“The FTSE has held onto modest gains earned earlier this week, with few cues to take from global markets after the US took a breather to gather for Thanksgiving. Retail stocks will be on traders’ minds today as shoppers trawl the aisles and their screens for Black Friday bargains,” said Derren Nathan, head of equity research, Hargreaves Lansdown.

There was some evidence of buying pressure in the FTSE 100’s retailers, but nothing to write home about. B&M, Sainsbury’s, Next, and Kingfisher were all higher but struggled to rise more than 1%.

Investors also favoured the housebuilders after Zoopla data gave the market reason to be upbeat about the UK property market next year.

“Real estate is another sector in focus after the latest Zoopla House Price Index report painted an optimistic picture for sellers in 2025. After prices rose 1.5% in the year to October, it’s expecting a 2.5% bump to prices in 2025 and a 5% rise in volumes.

“Zoopla’s not forecasting much movement if any in Mortgage rates over 2025 but does think that lenders will have a more relaxed approach to affordability assessments. Activity is likely to be particularly elevated over the coming months as buyers rush to avoid the return of higher stamp duty rates in April. Agreed sales are currently 19% higher than they were 12 months ago.”

Persimmon ticked 0.7% higher and Taylor Wimpey added 0.4%.

Strength in mining companies and IMI was offset by weakness in banks and utility companies. BAE Systems was the top faller after Bank of America cut the defence stock to ‘underperform’ and slashed its price target to 1,240p.

AIM movers: Botswana Diamonds gains environmental authorisation and Atlantic Lithium waits for mining lease ratification

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Webis (LON: WEB) shares have recovered 50% to 0.21p following final results, even though it is set to leave AIM. The US-focused betting company reported flat revenues of $50m and an increase in loss from £745,000 to £1.06m. Net cash is $565,000. Management believes that leaving AIM will make the company more attractive for partnerships and acquisitions,

Shares in investment company APQ Global (LON: APQ) have returned from suspension after the interim figures were published. The NAV was 24.9 cents/share at the end of June 2024. The strategy is to generate cash to pay off the convertible loans, where the total liability is $37m. The share price increased 18.2% to 6.5p.

Botswana Diamonds (LON: BOD) has gained environmental authorisation for one of the two mining permit applications at the Thorny River project. A mining permit should be granted within six weeks. The company believes that 1.7M tons of kimberlite could be mined during the life of the mine. The share rice improved 10.5% to 0.21p.

Building services provider Northern Bear (LON: NTBR) interims show a small improvement in revenues from £36.9m to £37.6m, but higher overheads meant that pre-tax profit dipped from £1.68m to £1.54m, although this was slightly better than expected. There was an operational cash inflow of £2.2m. Net debt is £1.4m. Hybridan forecasts a dip in full year pre-tax profit from £2.14m to £1.84m, although there is potential for an upgrade. The share price rebounded 7.92% to 54.5p.

FALLERS

Pharma testing company genedrive (LON: GDR) increased annual revenues from £60,000 to £500,000, but the loss rose from £5.98m to £7.75m. There was cash of £5.2m at the end of June 2024. The strategy is commercialisation of the company’s tests in the UK and prioritised international markets. The share price dipped 8.89% to 2.05p.

Good news for Strategic Minerals (LON: SML) subsidiary Cornwall Resources as the UK Criticality Assessment 2024 reaffirms the critical designation of tungsten and tin. The company is trying to push forward with the development of the Redmoor project. The share price fell 7% to 0.225p.

Atlantic Lithium (LON: ALL) says that the ratification of the mining lease would be the final regulatory step to commencing construction of the Ewoyaa lithium project in Ghana. This ratification has been delayed by an election. Atlantic Lithium is cutting costs. The weaker lithium price is also making the financing more difficult. The share price declined 5% to 11.6p.

Supercapacitors developer Cap-XX (LON: CPX) improved full year revenues by 26% to A$4.6m as product sales were two-fifths ahead. This reflects the focus on product sales and developing the distribution network. The underlying EBITDA loss decreased from A$1.73m to A$1.57m. The current order book is worth A$2.1m. The £3m fundraising was after the balance sheet date. The share price slipped 4.51% to 0.1375p.

Majestic Corporation: the urban miner providing investors with unique exposure to critical minerals

Majestic Corporation is a unique proposition for UK investors seeking a more sustainable form of exposure to critical minerals than traditional mining companies. No other ‘urban mining’ e-waste recycling pure-play listed on London’s exchanges has successfully achieved Majestics scale, revenues and profitability.

As the world races to deploy clean energy technologies, a critical shortage of minerals threatens to derail progress.

However, a new International Energy Agency (IEA) report reveals that recycling and “urban mining” could reduce the need for new mining projects by 25-40% by 2050 while creating a market worth $200 billion and avoiding the destruction of biodiversity.

Urban mining companies such as Aquis-listed Majestic Corporation specialise in extracting valuable minerals from discarded electronics, batteries, and other waste products that contain high concentrations of critical materials. These companies are becoming increasingly important as traditional mining alone cannot meet the surging demand for minerals essential to electric vehicles (EVs), wind turbines, and solar panels. Many of the metals processed by urban miners can also be deployed in the wider economy with broad applications in construction and industry.

“Recycling is indispensable to the security and sustainability of critical minerals supply for clean energy transitions,” the IEA report states. The analysis shows that without increased recycling, mining investment requirements would be 30% higher – meaning an additional $240 billion in capital spending would be needed through 2040 to meet demand.

The economics are compelling: recycled minerals typically generate 80% lower greenhouse gas emissions compared to primary mining while using 80% less water. For copper, one of the most critical metals for electrification, recycling could provide up to 40% of supply by 2050 in a scenario aligned with countries’ climate pledges.

The surge in EV adoption is creating particularly urgent recycling needs. By 2050, end-of-life EV batteries could provide 20-30% of the lithium, nickel and cobalt required for new batteries. China currently dominates this emerging industry with over 80% of global battery recycling capacity.

However, current recycling rates are falling behind rapidly growing consumption. The report notes that copper recycling’s share of total supply dropped from 37% in 2015 to 33% in 2023, while nickel recycling declined from 33% to 26% during the same period.

The report emphasises that recycling alone cannot eliminate the need for new mines but can significantly reduce pressure on primary supply while enhancing energy security, particularly for countries that lack domestic mineral resources. For example, in Europe, secondary supply from batteries could meet about 30% of the region’s lithium and nickel demand by 2050.

The IEA’s analysis shows the recycling market is ripe for investment, with market values for recycled battery metals growing elevenfold between 2015 and 2023. This growth comes as governments worldwide implement new policies to boost collection rates and recycling infrastructure, recognising both the economic opportunity and environmental imperative of creating more circular mineral supply chains.

Source: IEA

The graph above illustrates the different stages of processing and recycling critical minerals. Majestic Corporation’s operations involve collecting, sorting, separating, and processing end-of-life feedstock.

Majestic has established a network of affiliates globally that collects, processes, and ships e-waste, including chipboards, EV batteries, and solar panels, to smelters that melt the metals down and return them to the supply chain.

Majestic Corporation is the foremost London-listed critical minerals recycling pureplay, generating revenues of $25m in the first half of 2024, nearly doubling the $13m revenue in the same period last year.

Having established a network that spans the US, Asia, and Europe, the company is expanding its operations in the UK through the acquisition of a facility in Deeside, Wales, to harness the opportunity in the UK’s abundance of e-waste containing critical minerals vital for the green transition and wider economic growth.

Share Tip: Greencore Group – Ahead of next week’s finals this unique food group’s shares still look great value despite the 73% rise in the last seven months 

Next Tuesday morning will see the announcement of the final results for the year to end-September by the Greencore Group (LON:GNC), the world’s biggest sandwich maker. 
And I am not talking about the size of its sandwiches, but instead the number that they produce for retailers of all sorts across the UK and Ireland. 
The figures will be good, as we have been promoting over the last year, and should show that the group’s shares are well worth taking a bite, that is if you have not already nibbled. 
The Business 
As one of the leading manufacturers of convenience foods in th...

TI Fluid Systems agrees to £1 billion takeover by ABC Technologies

TI Fluid Systems’ steadfast approach to ABC Technologies’ takeover pursuit has secured shareholders 200p per share in a takeover deal announced on Friday.

ABC Technologies’ acquisition of TI Fluid Systems for 200p per share in an all-cash deal values the company at £1.039 billion.

The offer represents a significant premium of 54.5% over TI Fluid Systems’ 90-day average share price prior to September 13, 2024, when ABC first approached TI Fluid.

TI Fluid Systems’ board rebuffed two initial offers of 165p and 176p before ABC upped their offer to 200p.

The acquisition comes as TI Fluid Systems, a global leader in automotive fluid management systems, navigates the industry’s transition toward electric vehicles. The company has been implementing its “Take-the-Turn” strategy since 2021, focusing on expanding its thermal management products for electric vehicles and strengthening its presence in the Chinese market.

Despite showing promising progress in adapting to industry changes, TI Fluid Systems has faced challenges from ongoing disruption in the global automotive sector.

According to a statement released on Friday, global light vehicle production is expected to decrease from 90.5 million units in 2023 to approximately 88.5 million units in 2024, particularly affecting European manufacturers.

Another London-listed company bites the dust.

FTSE 100 carves out minor gains as Aviva makes offer for Direct Line

With US cash equity markets closed and households across the US preparing to carve their turkeys at Thanksgiving dinners, the FTSE 100 carved out its own gains on Thursday.

Thanksgiving is traditionally a slow day for trade, but UK and European markets showed signs of life on Thursday. Broad European indices rebounded after several days of declines, and M&A action in the UK grabbed the headlines.

Aviva has made an unsolicited offer for Direct Line, which was unsurprisingly rebuffed by the company. Still, the buzz of M&A in the sector helped support peer Admiral, which rose 3%.

“After a difficult few days, European markets had a spring in their step on Thursday,” said Dan Coatsworth, investment analyst at AJ Bell. 

“The FTSE 100 advanced 0.2% to 8,290, led by Admiral which jumped 3.5% on positive read-across from Aviva’s move on Direct Line.

“It’s normal to see other companies in the same sector jump when there is takeover activity as investors consider who else might be bid targets or are trading too cheaply. There is no suggestion that someone will bid for Admiral but that hasn’t stopped it having its moment in the sun.”

It wasn’t surprising that Direct Line declined Aviva’s offer, and many investors will expect Aviva to return with an improved bid soon.

“Direct Line is playing hard to get, again, as the board rejects a tentative takeover offer from Aviva on the grounds that the 250p per share on the table significantly undervalues the company,” said Matt Britzman, senior equity analyst, Hargreaves Lansdown.

“It’s not a clean offer; the 250p would be split half as cash and half as Aviva shares, which always makes things a little more complicated. Direct Line is no stranger to takeover offers, having rejected multiple attempts from Belgian insurer Ageas earlier in the year. There’s a case to be made that Aviva is a better suiter, given it already shares markets with Direct Line in the UK, but it’ll need to up its game – and its offer – if it wants Direct Line to take the proposal seriously.”

There was also mild optimism in the financial markets after Israel agreed on a ceasefire with Hezbollah, curtailing demand for safe-haven assets.

“Looking ahead, easing tensions in the Middle East and Eastern Europe could reduce demand for safe-haven assets, including the greenback,” said Tito Iakopa, Commercial Director at FlowCommunity.

“Despite its latest retracement, the US dollar remains near a high after a strong surge since the beginning of October. However, it could remain exposed to any changing expectations regarding US monetary policy.”

Pony AI raises $260m in $5bn IPO and Tesla seek teleoperators as the autonomous vehicle sector heats up

The global autonomous vehicle industry is heating up with a blockbuster NASDAQ IPO by Chinese AV company Pony AI and evidence that Tesla is preparing to satisfy US state rules with remote teleoperators for their Robo taxis further strengthening the foundations of wider adoption.

Pony AI is the latest autonomous vehicle startup to win over investors as it raised $260m through its NASDAQ IPO and a further $153m in private placements to fund the expansion of its autonomous taxis in major Chinese cities.

The company has developed technology that can be installed into vehicles to make them autonomous. It has three defined markets: robotaxis, robotrucks, and personal vehicles.

The Pony AI IPO follows a Waymo private funding round and the $440m WeRide IPO, demonstrating continued strong investor demand for autonomous vehicle startups.

With the rollout of autonomous vehicles accelerating globally, Tesla has recently posted a job advert offering insight into what the rollout of autonomous vehicles in the US may look like.

The Tesla job advert seeks software engineers to develop Tesla’s teleoperations team, which will have direct access to control the firm’s robotaxis and robots.

Tesla’s job advert reads:

“Tesla AI’s Teleoperation team is charged with providing remote access to our robotaxis and humanoid robots. Our cars and robots operate autonomously in challenging environments. As we iterate on the AI that powers them, we need the ability to access and control them remotely.”

Many US states require by law that autonomous vehicles have the capability to be remotely controlled by a teleoperator who can intervene and take over control of a vehicle should it get into difficulties. There are also requirements for two-way communication between passengers and remote teleoperators.

The job advert posted by Telsa suggests that Elon Musk is preparing the required teleoperation technology to adhere to state rules as part of a nationwide rollout of Robotaxis.

Although most of the action in autonomous vehicles is happening in the US, the developments will be encouraging for followers of AIM-listed Tekcapital and their portfolio company Guident.

Guident has already deployed sophisticated teleoperations Remote Control and Monitoring Centres with capabilities to monitor and control a wide range of autonomous vehicles, including buses, shuttles and surveillance robots.

Tekcapital, which owns around 90% of Guident, has recently announced that Guident will seek an IPO in 2025.

Pearcroft Developers: Pioneers in Sustainable, Net Zero Homes 

At Pearcroft, we’re more than just a property development company—we’re on a mission to transform the way homeowners live by building carbon-neutral housing that not just looks good, but gives back to the planet. As the UK’s leading developer of net-zero homes, Pearcroft stands as a testament to the power of combining cutting-edge technology with a relentless commitment to sustainability. But we’re not just talking the talk—we’re walking the walk, and we’re setting a new benchmark for what’s possible in the world of property development. 

A New Standard in Energy-Efficient Living 

The homes we build at Pearcroft aren’t just about luxurious design and modern comforts; they are eco-conscious havens that actively contribute to a greener planet. Our homes are equipped with the latest in sustainable technologies and materials, ensuring that they not only reduce environmental impact but also each is fitted with MVHR systems too, ensuring fresh, pollutant-free air fills the home, providing a better quality of life for their owners.   

We’ve made a bold promise to our homeowners: a 5-year energy bill guarantee. This unique promise ensures that all Pearcroft homes will generate more energy than the homeowner uses, giving them peace of mind and reducing their living costs. With EPC ratings of A+ and average carbon emissions of -0.5 tonnes, our properties exceed industry standards and demonstrate what’s truly achievable in terms of energy efficiency and sustainability. But we’re not stopping there—our vision is set on even greater achievements. 

The Pearcroft Difference: Sustainability at the Core 

How do we achieve this? It’s all in the details. The homes that Pearcroft build integrate advanced sustainable technologies with high-quality construction materials to create energy-efficient, comfortable living spaces. Here’s a look at how we do it: 

  • Architectural Design: Our homes are designed to complement their surroundings, embracing modern living while respecting the area’s architectural and environmental context. 
  • Sensitive Landscaping: We carefully consider the natural environment and local community when designing our developments, ensuring that our landscaping supports biodiversity and enhances the overall aesthetic of the area. 
  • Solar Photovoltaic (PV) Panels with Battery Storage: Harnessing the power of the sun, our homes feature solar panels that generate electricity for lighting, appliances, and vehicle charging. Paired with battery storage, these systems ensure that energy is efficiently captured, used and shared back with the grid. 
  • Air and Ground Source Heat Pumps: These replace traditional fossil-fuel heating systems, providing low-carbon heating and hot water in the most energy-efficient way possible. 
  • Mechanical Ventilation and Heat Recovery (MVHR): Our homes are equipped with MVHR systems that ensure fresh, pollutant-free air and maintain optimal temperatures year-round. 
  • High-Performance Insulation: Excellent insulation in the floors, walls, and roofs enhances thermal efficiency, ensuring the home stays warm in the winter and cool in the summer with minimal energy use. 
  • AAA Rated Triple-Glazed Windows: Our windows are designed to keep out the cold, reduce noise, and improve energy efficiency, contributing to a more peaceful and comfortable home environment. 
  • Smart Controls: We offer intuitive, smart home systems that allow owners to control their home’s heating, lighting, and energy use, offering ultimate convenience and personalisation. 
  • Water saving features: Every shower and tap delivers instant hot water, saving cold run off.  

Meet the Visionaries Behind Pearcroft: Martyn Balm and Kevin Harris 

The driving force behind Pearcroft is the partnership of two industry trailblazers: Martyn Balm and Kevin Harris. With a wealth of experience in property development, both men share a commitment to creating homes that don’t just meet the needs of today’s homeowners but also leave a positive legacy for the future. 

Martyn Balm: The Seasoned Strategist 

You wouldn’t say Martyn’s journey into property development is typical, but throughout his career, he’s gathered a wealth of knowledge and a nose for quality investment. From his early days as the top advertising salesperson at the Gloucester Citizen to becoming an award-winning insurance broker, Martyn has always had a knack for spotting opportunities and seizing them with both hands. 

From Martyn’s days at art college, he’s always been creative, practical and long held a dream to build his own house. After 20 years of running his own insurance business, he sold up, brought his dream to life and caught the property developing bug.  

After a few years honing his skills, Martyn became a land acquisition specialist. His ability to identify prime development opportunities and navigate complex negotiations meant demand for his help rocketed. He’s worked with some of the most prestigious names in the industry, including Hamptons International and other household names. He even featured in The Sunday Times for his innovative property development back in the 2008 recession. 

For Martyn, it’s always been about doing good business with good people. He’s the first one to admit that as he’s getting on in years, he’s keener than ever to leave a positive legacy. His commitment to pushing the boundaries of what’s possible is founded on leaving the world better for everyone. And this is at the very heart of Pearcroft’s ethos. 

Kevin describes Martyn succinctly as a ‘man of the world with a heart of gold.’ He enjoys a laugh and sharing his expertise, whether it’s through his fantastic stories or supportive approach. He even has a private pilot’s license! 

Kevin Harris: The Dynamic Dealmaker 

With a background that’s as diverse as it is impressive, Kevin brings a unique blend of financial acumen and property expertise to the table. Kevin left university to become a partner in a clothing business, heading up management and sales, but after a few years, decided property was his destiny.  

He joined a leading London estate agent, where he rapidly climbed the ranks from trainee to Area Director in just six years. Managing several offices across Central London, he developed a keen understanding of the luxury property market and the art of high-value sales. 

In 2017, he struck out on his own and began brokering deals worth hundreds of millions of pounds, working with clients, including Qatari princes and Russian oligarchs. His ability to secure funding and facilitate complex transactions has helped to bring some of the most ambitious development projects to life.  

Kevin marks his success to being a ‘lucky get’ but that witty modesty hints at the real secret – his people skills. He’s comfortable talking to everyone from princes to plumbers, thanks to his unpretentious and affable approach. His drive and good nature are infectious.  

Martyn says Kevin’s ‘entrepreneurial spirit shines through in everything he does.’ From leaving university in his early twenties, he’s consistently showed an ability to build and grow successful enterprises. 

Partnership Foundations 

Martyn and Kevin’s paths crossed in 2021 while they were on opposing sides of a land deal in Devon and hit it off straight away. Sharing a frustration about being the middlemen and with a vision for what sustainable property development could be, they joined forces to create something truly special. 

Despite the 25-year age gap and different backgrounds, Martyn and Kevin share a pragmatic and dogged spirit of getting things done. The result is Pearcroft, luxury homes with an unrelenting innovative focus on sustainability – benefiting people and the planet.  

Homes that combine high-quality materials with state-of-the-art sustainable technology, without leaving a stain on our conscience or a scar on the planet. Owners can enjoy all modern life’s little pleasures, we leave a legacy for generations, and investors benefit from ethical and strong returns. 

With features in The Sunday Times and Oxfordshire Living Magazine, and a sponsorship deal with Gloucestershire County Cricket Club, Pearcroft is quickly making a name for themselves in the world of high-end, carbon neutral property. 

Martyn and Kevin bring a perfect balance of experience and innovation, pragmatism and ambition, determination and vision. As they continue to push the boundaries of what’s possible, one thing is clear – Pearcroft is in very capable hands. 

Property investment that’s as good for your portfolio as it is for the planet. Explore our exclusive opportunities here.