Annual Report 2011
“Financial results for the year are in line with management expectations however they do not yet reflect the material transformation of Sigma’s business activities and prospects.
We substantially reshaped Sigma in 2011, aided by the acquisition of Inpartnership Ltd in August, and the Group’s activities are now focused on two areas, property and venture capital fund management. Our property activities comprise our core activity and we see some very exciting growth opportunities here.
Our three Council partnerships, which hold potential development opportunities worth over £2 billion in total, together with our involvement with the Winchburgh Development, one of the UK’s single largest residential and mixed use developments with planning, worth an approximate £1 billion, provide us with a significant opportunity to build revenues and profit.
We are making good progress with unlocking the value contained within our Partnerships and we expect to see continuing momentum over the year. A combination of the scale of opportunity within our control and the momentum we are seeing across our projects give the Board confidence that we can grow the business significantly in the year ahead and beyond. We are not opportunity constrained and we are making good progress with the significant opportunities we have captured. The Board views the year ahead positively.”
David Sigsworth
Chairman