Annual Report

2020 has been a challenging year for your company due to the impact of the Covid-19 pandemic on all our operations. As a result, for the year ended 31 December 2020, your company made a loss before interest, tax, depreciation and amortisation (EBITDA) of £2.4million (2019: profit: £5.9 million) and an operating loss before depreciation, fair value adjustments and exchange movements (Adjusted EBITDA) of £1.1million (2019: profit: £7.4million).

Company Overview

Bisichi PLC is a fully listed company and its principal activity is coal mining in South Africa. The group is a controlling shareholder in Black Wattle Colliery, a coal mining and coal washing operation situated in Mpumulanga, South Africa. The groups' strategy is to create and deliver long term sustainable value to its stake holders through the acquisition and investment in new mining operations in South Africa as well as through the development of its existing operations. In addition to its mining activities, the group seeks to balance the high risk of mining with a dependable cash flow and capital appreciation from its UK property investment operations. The group invests in retail property across the UK and owns a portfolio of retail property currently worth some £14m. 

Sir Michael Heller, Chairman. Andrew Heller, Managing Director.ANTI-SLAVERY & HUMAN TRAFFICKING STATEMENT