Annual Letter: 2025
2025 has been a year of disciplined growth for YAD Capital Investments.
We entered the year with a Gross Asset Value (GAV) of £9.8m and a team of 20. Over the course of the year, the group has scaled materially - growing to strong team of 48 and increasing GAV to £15.4m, representing ~57% growth on a conservative basis.
This progress has been driven by the acquisition of cash-generative operating businesses, executed with a downside-focused investment approach. Our focus remains on businesses with strong fundamentals, resilient cashflows, and clear opportunities for operational and strategic improvement.
Of the current GAV, £4.3m (c.28%) is invested in real estate assets that directly support our trading operations, reinforcing the resilience and long-term sustainability of the group.
Importantly, growth is not limited to acquisitions. Our portfolio companies continue to perform strongly, with momentum building through organic growth initiatives, operational improvements and bolt-on opportunities.
Looking ahead, we are targeting c.£25m of GAV by 2026, supported by an active and well-aligned acquisition pipeline. We are excited about what lies ahead and remain focused on building high-quality, long-term businesses with disciplined capital allocation at the core.
Thank you to our teams, partners, and stakeholders who continue to support the journey.
