Mercia Asset Management (Mercia) was founded in 2010 and listed on the AIM market of the London Stock Exchange in December 2014. It provides venture capital, private equity, debt and property finance investments to mostly regional (ex-London) UK businesses, investing between £100k and £20m. It manages c.£1.8bn of funds for third parties and invests c.£200m of its own capital alongside these funds.

29 Apr 2026

Warwick Acoustics tech in new Range Rover feature

Warwick Acoustics, a ‘direct investment’ portfolio company of Mercia Asset Management, today reached a commercialisation milestone deploying their technology into Range Rover’s new “SV Electrostatic Sound” system.

Its automotive technology system can create ‘personal sound bubbles’ for each passenger

This underlines the long‑term value creation potential within the direct investment portfolio and reinforces confidence in the commercial traction of its deep‑tech assets.

Valuation remains attractive. Mercia trades below its stated fair value of 58p per share, a level that does not fully reflect the embedded value of its direct investments, strong net cash position, and improving cash generation capability.

Download as a PDF file

Return to Mercia Asset Management

Register to be first

Get research on the companies that interest you straight to your inbox

Equity Development is a partner to successful companies looking to enhance their investor relations. Our top-rated analysts produce best in class investment research. Based in London, UK, we help our clients connect with investors via presentations and interviews.

Equity Development Limited 3rd Floor, 80 Cheapside, London, EC2V 6EE

Website design & development by Breckenridge