ONSIDE / NEWS
Seneca IHT Service going strong
Norman joins university board
T
S
he Seneca Inheritance Tax Service has successfully
backed a number of businesses through investment
in Seneca Secured Lending Limited. Ian Battersby,
of Seneca Partners, said: “Our new Inheritance Tax Service
is a unique proposition that may enable people to protect
their estate from Inheritance Tax, while at the same time
providing much-needed finance to British businesses.
“Its appeal to those planning their legacy is clear – not only
can it exempt part of their estate from IHT in just two years,
but in addition it doesn’t require investors to give away
their assets as is the case with some other IHT strategies.
They will also have the satisfaction of knowing that they
may spare their children a potentially large IHT bill, while
playing a vital role in helping ambitious businesses to grow.
We’re delighted at the levels of interest shown already –
£10 million has been invested in just a few months and
we expect to exceed the £20 million in the near future.”
Ian Battersby
eneca’s Norman Molyneux, Chief Executive of
Acceleris, has joined the advisory board of the
management school at the University of Liverpool.
Professor Murray Dalziel, Director of the School,
commented: “The advisory board of the University of
Liverpool Management School is a key ingredient to ensure
we are relevant to businesses in Liverpool and worldwide.
Norman’s experience in venture creation and corporate
finance will be a huge asset for the school.”
Norman Molyneux
Kalibrate revenues rise
S
eneca has invested in Kalibrate Technologies via their
EIS Portfolio Service. The Manchester-based provider
of software-orientated products and services to the
global petroleum industry, posted a 19 per cent rise in its
turnover and appointed the founder of a private equity firm
to its board of directors.
The business, which floated on AIM towards the end of
2013, posted revenues of $28.8m (£17.9m) for the year
to 30 June 2014 – up from $24.2m (£15.0m) for the same
period in the previous year.
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