Nucleus completes £15m rights issue

The capital raising, undertaken to clear debt, was completed today, with member firms and shareholders providing the funding. "Nucleus is now the most competitive and most transparent platform which is now financially stable," he says. "This is a brilliant moment for us and a great way to end the year." Ferguson says the wrap is now debt free and the money raised will be used to repay debt accumulated at start-up and for working capital. "This makes sure our balance sheet is now commensurate with our growth ambitions," he adds. Last month, Ferguson told IFAonline the wrap's owne...