Caledonia Investments Appoints Rob Memmott CFO; FY 2023 Pretax Profit, Revenue Fell

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By Anthony O. Goriainoff

Caledonia Investments said Tuesday that Rob Memmott has been appointed chief financial officer effective September 1, and that its pretax profit and revenue for fiscal 2023 fell.

The London-listed investment trust company said Memmott has over 20 years of experience in senior financial leadership roles and was previously CFO at Arrow Global Group, as well as at John Laing Group. The company said current CFO Tim Livett will step down as director on Sept. 1 and leave the company on Oct. 31.

For the year ended March 31, pretax profit was 149.2 million pounds ($185.6 million) compared with GBP611.2 million for fiscal 2022.

Revenue fell to GBP43.2 million from GBP55.8 million the year before.

The company said it booked lower net gains on fair value investments of GBP133 million compared with GBP567.1 million the year prior.

Net asset value total return for the year was 5.5%, compared with 27.9% as at March 31, 2022.

The company said public equity holdings were adversely impacted by volatility and weakness in global equity markets, with total return of 0.2% in the year.

“We remain confident in our strategy of selecting quality companies and funds which can deliver long-term compounding returns. However, it wouldn’t be a surprise to see increased volatility in the year ahead as the impact of rate rises becomes more apparent in the global economy,” the company said.

Shares at 0808 GMT were flat at 3,525 pence.

Write to Anthony O. Goriainoff at