Your Partner for Growth, Hybridan

Hybridan

Your Partner for Growth

Our passion is raising growth capital for exciting, fast growth companies that want to take their business to the next level. We raise capital for companies both listed and unlisted in the most efficient manner possible and pride ourselves as being one of the few consistently profitable broking firms in the City. This has been achieved through a highly disciplined approach when seeking to create both corporate and institutional relationships.

Equity Bottom-Up

First Property Group plc is a real estate investment firm. It provides fund management, financial, and technical services to the property industry in the United Kingdom and other European countries. The firm manages commercial properties of various fund investors, as well as involves in property investment and trading, property equity finance, and online activities. It also engages in the facilities management of properties, which include contract installation and maintenance of air conditioning and ventilation systems for office working environments. The firm prefers to invest in offices that can be converted into flats . First Property Group plc is based in London, the United Kingdom.

<ul>
<li>The end-to-end solutions provider for branded merchandise reports interims to September.</li>
<li>Revenue improved 18% to $21.6m with an 8% increase in operating profit to $1.6m while net debt increased 188% to $2.3m.</li>
<li>The uplift in net debt reflects the working capital investment required to bring new Gear Shop sites into operation, including the increase in total inventory held across the expanded store base.</li>
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The end-to-end solutions provider for branded merchandise reports interims to September.
Revenue improved 18% to $21.6m with an 8% increase in operating profit to $1.6m while net debt increased 188% to $2.3m.
The uplift in net debt reflects the working capital investment required to bring new Gear Shop sites into operation, including the increase in total inventory held across the expanded store base.


Hybridan Small Cap Feast: 27 November 2025

Victoria P.L.C. designs, manufactures, and distributes flooring products. The Company offers carpet, ceramic and porcelain tiles, underlay, LVT, artificial grass, and flooring accessories. Victoria serves customers in the United Kingdom, Australia, and Canada.

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<li>The financial and real estate advisory firm has acquired Kirkby Diamond and Property Management Ltd for up to £8.25m.</li>
<li>Kirkby Diamond will integrate with Eddisons, the group's real estate advisory and transactional services division.</li>
<li>The acquired regional real estate consultancy has offices in Milton Keynes, Bedford, Luton, St Albans, and Enfield, all of which are new locations for the combined business It extends Eddisons' strategic footprint to cover the entire M1 corridor, as part of the strategy to strengthen its service offering and expand market coverage. </li>
</ul>


The financial and real estate advisory firm has acquired Kirkby Diamond and Property Management Ltd for up to £8.25m.
Kirkby Diamond will integrate with Eddisons, the group's real estate advisory and transactional services division.
The acquired regional real estate consultancy has offices in Milton Keynes, Bedford, Luton, St Albans, and Enfield, all of which are new locations for the combined business It extends Eddisons' strategic footprint to cover the entire M1 corridor, as part of the strategy to strengthen its service offering and expand market coverage. 


Victoria PLC - Hybridan Small Cap Feast: 26 November 2025

Intercede Group plc, together with its subsidiaries, develops and supplies identity and credential management software in the United Kingdom, rest of Europe, North America, and internationally. The company offers MyID identity and credential management software system, which enables governments and enterprises to provide secure access to services, facilities, information, and networks by creating trusted digital identities to the employees, citizens, and machines. It also provides MyTAM, a cloud-based service enabling Android app developers and service providers to deploy trusted applications to the trusted execution environment; and RapID, a cloud-based solution that offers the ability for app developers to build authentication into their applications, using a few lines of code available via a self-service SDK. The company delivers solutions to customers in the United States and the United Kingdom governments, corporations, telecommunication providers, and information technology firms. Intercede Group plc was founded in 1992 and is based in Lutterworth, the United Kingdom.

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<li>The UK and European based manufacturer of the proprietary Neptune melt-blown material and specialist in the design, manufacture, and supply of acoustic and thermal insulation solutions announces its unaudited interim results for the six months ended 30 September.</li>
<li>Revenue in H1 2026 decreased by 12.3% to £8.59m (H1 2025: £9.79m), while the gross profit decreased by 4.6% to £2.90m (H1 2025: £3.04m). Cash was £0.09m from £1.68m in H1 2025 while group cash headroom was £1.52m.</li>
<li>The Group has focussed on winning new business in the UK and Germany, alongside cost control and efficiency improvements. </li>
</ul>


The UK and European based manufacturer of the proprietary Neptune melt-blown material and specialist in the design, manufacture, and supply of acoustic and thermal insulation solutions announces its unaudited interim results for the six months ended 30 September.
Revenue in H1 2026 decreased by 12.3% to £8.59m (H1 2025: £9.79m), while the gross profit decreased by 4.6% to £2.90m (H1 2025: £3.04m). Cash was £0.09m from £1.68m in H1 2025 while group cash headroom was £1.52m.
The Group has focussed on winning new business in the UK and Germany, alongside cost control and efficiency improvements. 


Hybridan Small Cap Feast: 25 November 2025

Trellus Health PLC operates as a software company. The Company provides multidisciplinary connected care platform for complex chronic conditions. Trellus Health serves customers worldwide.

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<li>The mid-market, challenger professional services platform and owner of the Dow Schofield Watts and the DR Solicitors brands reported strong revenue and EBITDA growth in its Interims to September.</li>
<li>Revenue improved from £1.1m to £2.2m with EBITDA up from £0.1m to £0.7m.</li>
<li>The cash balances of £2.2m is allowing an interim dividend of 1.2p per share to be paid to shareholders on the register on 12 December. </li>
</ul>


The mid-market, challenger professional services platform and owner of the Dow Schofield Watts and the DR Solicitors brands reported strong revenue and EBITDA growth in its Interims to September.
Revenue improved from £1.1m to £2.2m with EBITDA up from £0.1m to £0.7m.
The cash balances of £2.2m is allowing an interim dividend of 1.2p per share to be paid to shareholders on the register on 12 December. 


Trellus Health Plc - Hybridan Small Cap Feast: 24 November 2025

Futura Medical plc develops pharmaceutical and medical devices for sexual health. The Company is developing products to help men maintain erections and women to maintain lubrication during intercourse.

<ul>
<li>Futura Medical specialises in the development and commercialisation of innovative sexual health products.</li>
<li>The lead product is Eroxon, which is a clinically proven treatment for erectile dysfunction.</li>
<li>In November 2025, £2.75m was raised at 1p and the shares are down from a 52 week high of 34p. </li>
</ul>


Futura Medical specialises in the development and commercialisation of innovative sexual health products.
The lead product is Eroxon, which is a clinically proven treatment for erectile dysfunction.
In November 2025, £2.75m was raised at 1p and the shares are down from a 52 week high of 34p. 


Hybridan Small Cap Feast is "Our daily digest of news from UK Small Caps". 

Hybridan Friday Takeaway is "This will delve a little deeper on individual companies and focus on non-house stocks under £200m market capitalisation to help raise awareness". 

Corporate Research is our equity research on smaller companies