Tern PLC 2022 AR2
The report highlights Tern plc's performance and progress for the fiscal year 2022, despite a challenging macroeconomic climate. The company's portfolio demonstrated resilience, with a 97% year-on-year growth in unaudited annual recurring revenue (ARR) and a 66% increase in employee numbers. Tern continued to integrate ESG considerations across its portfolio, establishing a portfolio-wide ESG committee and disclosing its carbon footprint. Financially, the company reported net assets of £24.9 million, down from £32.4 million in 2021, primarily due to a £8.4 million reduction in the unrealised fair value of its portfolio reflecting broader technology sector valuation declines.
Company: Tern PLC
Sector: Financials
Country: United Kingdom
Year: 2022
Type: AR2
Pages: 54
Tern PLC
Annual Report And Accounts
The report highlights Tern plc's performance and progress for the fiscal year 2022, despite a challenging macroeconomic climate. The company's portfolio demonstrated resilience, with a 97% year-on-year growth in unaudited annual recurring revenue (ARR) and a 66% increase in employee numbers. Tern continued to integrate ESG considerations across its portfolio, establishing a portfolio-wide ESG committee and disclosing its carbon footprint. Financially, the company reported net assets of £24.9 million, down from £32.4 million in 2021, primarily due to a £8.4 million reduction in the unrealised fair value of its portfolio reflecting broader technology sector valuation declines.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees