26-08-2020 | Our Chief Executive gives his thoughts on how our asset-backed businesses performed in the first half of 2020

Our Chief Executive Jonathan Gain spoke with our Senior Business Development Manager Tom Hind about how our assets have performed throughout the initial peak of the COVID-19 pandemic.

 

Click the link below to watch the rest of this interview series, which offers overviews of our forests and hotels performance so far this year as well the key takeaways our investment team have from the challenges of the past few months.

Watch our latest interviews

17-06-2020 | An Update on our Assets and Services

Twelve weeks since measures were first introduced in the UK, lockdown restrictions continue to ease across the country. This has allowed for a number of our assets to re-open.

Paulton’s Golf Centre is now running safe 3 and 4-ball rounds as well as its Toptracer driving range. Murrayshall is also open for golf through its courses and driving ranges.

Our joint venture with Homegrown Property Development to convert the former Barker Shoe factory in Northamptonshire continues to see considerable progress. Similarly, all of our residential and commercial property developments are back up and running, following strict social-distancing guidelines.

Despite announcements that the 4th July will the earliest point at which some of the hospitality industry could reopen to the general public, a number of our hotels continue to remain open to support key workers throughout this time.

Finally, over the month to close of business on 5 June 2020, our ESP AiM Portfolio Service gained 6.9%. Our benchmark index also improved, registering a 12.6% rise.

The market continued to appreciate strongly in May as it digested the overwhelming fiscal and monetary stimulus issued by Central Banks and the easing of the lockdown as viral transmission slowed.

If you want any more information about our assets or how are services are continuing to operate in this time, please contact a member of the Stellar team on 020 3195 3500 or email us at enquiries@stellar-am.com.

13-05-2020 | An Update from our Executive Leadership Team

As you have probably seen or heard in the past few days, the government have announced plans which will begin a “return to normal” in the coming weeks. This strategy has brought about changes to a number of our assets.

Paultons Golf Centre re-opens for golf today with very limited access to other facilities. Murrayshall Golf Club remains closed for a further three weeks as Scotland is now working to a different timetable.

Our residential and commercial development sites at Great Oakley, Northampton, Haddenham and Troon will return to action this week and in the coming weeks.

At Shakespeare Court Care Home testing kits have finally arrived. The intention is to test all staff and residents weekly although this is subject to being supplied with sufficient kits.

From the entire Stellar team, we hope you are staying safe and are doing as well as could be expected in these uncertain times. If there is anything that we can do to help you, or if you have any further questions, please contact a member of the Stellar team on 020 3195 3500 or email us at enquiries@stellar-am.com.

18-05-2020 | An Update from Transact

After more than 6 weeks in lockdown, we hope that this update finds you safe and well.

While Transact continue to operate remotely, please note that their central switchboard, accessed by dialling (020) 7608 4900, is fully operational and their Client Service team phone lines are open.

Clients are receiving their Annual Statements this month, posted to their TOL Pickup Page and, where selected, sent by post.

Transact also ask that you ensure that they hold your clients’ email addresses and contact telephone numbers on TOL. This will help them to access new functionality, such as forgotten password, and help to deliver their service.

Thank you for your continued support in these challenging times.

A Message from our CEO

Given the unprecedented situation which we are all now facing with the impact of the COVID-19 virus on our country. Jonathan Gain, our CEO, reports on how we are managing the rapidly evolving situation within Stellar Asset Management on behalf of our investors.

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Impact of Coronavirus on our Inheritance Tax Services

Stellar AiM Inheritance Tax and ISA Service
Our Stellar AiM IHT Service is invested across a well-diversified portfolio of 40 companies listed on the Alternative Investment Market (AiM). These portfolios are actively managed by an experienced team of AIM specialists.

These companies are established and profitable and we look for those with a sound business model and which are typically previously experienced times of crisis.

The companies in which we invest are at the larger end of those companies on AIM and we have minimal exposure to leisure and retail sectors and no exposure at all to the banking or oil and gas sectors.


We seek to take a medium-term view of at least three years and believe this is important to consider this as the situation develops in the coming days and weeks.

Markets do not like the uncertain environment in which we find ourselves and assets are priced accordingly. Today we have little or no clarity on the future path of the coronavirus other than those experiences in China where it started. In this regard we reasonably expect to see prices begin to normalise once the peak of the virus has passed.

Stellar Growth Inheritance Tax Service
Our Growth IHT Portfolio Service commits investors capital to a diverse range of asset backed businesses in the UK. The blend of businesses which we operate are typically less impacted directly by the wider market volatility we are seeing in the world at the moment. However, whilst there will inevitably be some difficult experiences for some of our businesses in the coming weeks and months, our overall optimism in the medium and long term is undiminished.

One example is our hotels which are currently experiencing very low occupancy levels. However, we are already in advanced discussions with the NHS to deploy these assets for the benefit of the wider community so that hospital beds can be released for those needing treatment for the virus. This shows the advantages of asset management and how, with an open mind, and a pro-active approach, we can continue to generate value for our investors. Click here to read more about how we have been proactive in ensuring our hotels remain open to support key workers during this time.

With our care homes we continue to follow government guidance and are now limiting access to the properties. In time this may affect our revenue streams. Click here to read more about the latest measures we have taken to preserve the health and wellbeing of residents and staff.


With our
golf courses, the closure of our bars and restaurants will inevitably see a reduction in revenues although golfers were able to continue to play the courses whilst adhering to the safety guidelines for everyone’s protection.

Our other businesses such as forests, farms, renewable energy, bridging finance and property development so far are largely unaffected. We will continue to monitor this, in conjunction with our specialist management teams, on a daily basis.

We are confident that the diversified approach to our Stellar Growth IHT portfolio will limit exposures and continue to work hard at this difficult time. We also recognise the value of teamwork and the efforts of those employed in the businesses in which we invest and they have our upmost admiration, respect and full support.

Stellar Income Inheritance Tax Service
Our Income IHT Service commits investors capital to a diverse range of asset backed businesses in the UK.

The blend of businesses which we operate are typically less impacted directly by the wider market volatility we are seeing in the world at the moment. However, whilst there will inevitably be some difficult experiences for some of our businesses in the coming weeks and months, our overall optimism in the medium and long term is undiminished.

One example is our hotels which are currently experiencing very low occupancy levels. However, we are already in advanced discussions with the NHS to deploy these assets for the benefit of the wider community so that hospital beds can be released for those needing treatment for the virus. This shows the advantages of asset management and how, with an open mind, and a pro-active approach, we can continue to generate value for our investors.


O
ur other businesses such as renewable energy and property development lending so far are largely unaffected. We will continue to monitor this, in conjunction with our specialist management teams, on a daily basis.

We are confident that the diversified approach to our Income portfolio will limit exposures and continue to work hard at this difficult time. We also recognise the value of teamwork and the efforts of those employed in the businesses in which we invest and they have our upmost admiration, respect and full support.

Updates to our application process

Please see the updated application process opposite for new subscriptions to Stellar Income Inheritance Tax Service, Stellar Growth Inheritance Tax Service and Stellar Business Service in light of the current COVID-19 pandemic.

**Given the recent outbreak, scanned copies of applications are to be accepted during this period only, given they have been certified by a regulated person e.g. financial adviser.**

 

Key points to note:

  • We are now accepting scanned applications.
  • Please do not post anything to either Woodside directly or Stellar’s Registered Office: Kendal House, 1 Conduit Street, London.
  • All applications must be emailed to applications@woodsidesecretaries.co.uk, copying in both enquiries@stellar-am.com and the client.
  • This will be in place until further notice.
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Here to help

As ever, if there is anything we can help with or any questions you have, then please get in touch with one of the team on 020 3907 6984 or email enquiries@stellar-am.com.