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Past Investment Performance
2006 and sold on the open market between 2007 to 2010.
The purchase cost and all income and expenditure are shown. Only the 1% FIC annual asset management fee has not been included (in the same way as a stockbroker’s asset fee would not be included for comparison with equities).
The figures have been assessed to reveal the annual compound return achieved by the client. These are tax free returns.
| Property 1: Bought 2001 – Sold 2008 79 acre mixed woodland in East Sussex Return Achieved: 12.02% pa |
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| Year | Purchase & Sale | Income | Expenditure | Net |
| 2001 | -91,464 | 384 | -1,469 | -92,549 |
| 2002 | 445 | -1,782 | -1,337 | |
| 2003 | 1,089 | -1,883 | -794 | |
| 2004 | 534 | -1,306 | -772 | |
| 2005 | 9,592 | -6,895 | 2,697 | |
| 2006 | 1,750 | -4,271 | -2,521 | |
| 2007 | 1,242 | -2,430 | -1,188 | |
| 2008 | 225,000 | 40 | -2,360 | 222,680 |
| Property 3: Bought 1999 – Sold 2007 80 acre mature conifer wood in Welsh Borders Return Achieved: 12.47% pa |
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| Year | Purchase & Sale | Income | Expenditure | Net |
| 1999 | -145,115 | 227 | -2,025 | -146,913 |
| 2000 | 48,349 | -773 | 47,576 | |
| 2001 | 3,450 | -18,362 | -14,912 | |
| 2002 | 21,409 | -10,830 | 10,579 | |
| 2003 | - | -6,148 | -6,148 | |
| 2004 | - | -3,529 | -3,529 | |
| 2005 | 10,000 | -2,753 | 7,247 | |
| 2006 | - | -671 | -671 | |
| 2007 | 300,000 | - | -3,380 | 296,620 |
| The five properties illustrated are from a total of 15 properties bought
and sold by FIC between 1996 and 2008. Another four properties in England were bought by one client as a portfolio in 2001 and sold in 2008 where returns achieved were 2.2% pa, 7.8% pa, 8.6% pa and 17.8% pa. A further four properties were acquired for a fund in 2007 and were transferred to new ownership in 2009. Returns over this short period were 19.2% pa, 28.8% pa, 22.4% pa and 36.8% pa. The last two properties were bought for a separate fund in 2008 and transferred the following year. In one case the purchase of a new access resulted in a return that year of 86.5%, whilst the second property returned 6.2% pa taking into account acquisition costs. Most properties bought for clients by FIC remain under FIC management and therefore have not been included in this analysis. |
| Property 2: Bought 2001 – Sold 2007 40 acre conifer wood in Hampshire Return Achieved: 17.30% pa |
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| Year | Purchase & Sale | Income | Expenditure | Net |
| 2001 | -51,331 | 375 | -1,661 | -52,617 |
| 2002 | 390 | -791 | -401 | |
| 2003 | 390 | -982 | -592 | |
| 2004 | 572 | -898 | -326 | |
| 2005 | 400 | -881 | -481 | |
| 2006 | 415 | -1,069 | -654 | |
| 2007 | 149,000 | - | -205 | 148,795 |
| Property 4: Bought 2006 – Sold 2010 302 acres in Dumfriesshire with young and maturing conifers Return Achieved: 20.32% pa |
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| Year | Purchase & Sale | Income | Expenditure | Net |
| 2006/7 | -192,730 | 94,041 | -12,006 | -110,695 |
| 2007/8 | 36,161 | -34,319 | 1,842 | |
| 2008/9 | 8,300 | -13,395 | -5,095 | |
| 2009/10 | 152,000 | 86,060 | -25,791 | 212,269 |
| Property 5: Bought 1996– Sold 2009 352 acre forest in Scottish Borders planted with Sitka Spruce in 1987 Return Achieved: 7.84% pa |
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| Year | Purchase & Sale | Income | Expenditure | Net |
| 1996 | -91,161 | - | -2,376 | -93,537 |
| 1997 | - | -6,800 | -6,800 | |
| 1998 | - | -8,775 | -8,775 | |
| 1999 | - | -5,529 | -5,529 | |
| 2000 | - | -2,880 | -2,880 | |
| 2001 | - | -1,247 | -1,247 | |
| 2002 | - | -2,400 | -2,400 | |
| 2003 | - | -1,888 | -1,888 | |
| 2004 | - | -4,627 | -4,627 | |
| 2005 | - | -1,128 | -1,128 | |
| 2006 | - | -1,600 | -1,600 | |
| 2007 | - | -1,506 | -1,506 | |
| 2008 | - | -1,850 | -1,850 | |
| 2009 | 318,202 | - | - | 318,202 |
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