Annual Report 2007
"2007 was a year of two parts. After a strong first half, the reduction in liquidity in the financing markets materially affected our property activities in the second half of the year with an adverse impact on turnover and profits for the year. However, overall, 2007 has seen a significant strengthening of Sigma's business model with a substantial increase in contracted funds under management and considerable growth in recurring revenue. The launch of our second sustainable energy fund, the Sigma Sustainable Energy Fund II in June 2007 was a milestone for Sigma, not only because of the size of the fund but also for the quality of the participants.
2008 has got off to a strong start, with business levels high and increasingly more valuable opportunities being seen as a result of the larger funds available to invest from the Sustainable Energy Fund II and we are already working on some opportunities that have been introduced by our new partners. Our property subsidiary continues to see opportunities although as a result of the correction in the property market, we anticipate that the financing of these opportunities will be more demanding.
Overall, we have a strong balance sheet and are generating healthy cash flows and profits and the quality of our earnings stream continues to rise. Therefore we believe that Sigma is well placed to make progress and to take advantage of the opportunities that continue to exist in its markets."
David Sigsworth
Chairman
Sigma Capital Group plc