Metropolitan Safe Deposits

Sector:
Business & Professional Services
Exit:
Sale to private investors

gold

Most Recent Exit In Price/Share Average Out Price/Share
  2016  £0.06  £0.11

Metropolitan Safe Deposits is one of the oldest established brands in the safe custody sector in London.  Traditionally, this service has been provided by clearing banks but high street banks are fast withdrawing from such physical banking services, providing opportunities for independent operators.

Calculus invested in Metropolitan, at 6.32p per share, in February 2012, selling them for 11p per share in September 2016, a cash on cash return of 1.81x including dividends already paid, 2.58x when including initial income tax relief – available to investors through the deal.