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About the company
Northern 3 VCT PLC is a venture capital trust (VCT). The Company’s objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth, by investing primarily in unquoted United Kingdom manufacturing, service and technology businesses. The Company invests mainly in unquoted venture capital holdings, with its remaining assets invested in a portfolio of equity investments, quoted investment funds and bank deposits. The Company operates a dividend investment scheme, giving shareholders the option of investing their dividends in new ordinary shares in the Company with the benefit of the tax reliefs available to VCT subscribers. The Company’s portfolio of investments includes software/electronics, healthcare/biotechnology, consumer, services, industrial/manufacturing and others. Mercia Fund Management Limited is the investment manager of the Company.
- Revenue in GBP (TTM)10.53m
- Net income in GBP7.47m
- Incorporated2001
- Employees0.00
- LocationNorthern 3 VCTTime Central, 32 GallowgateNEWCASTLE UPON TYNE NE1 4SNUnited KingdomGBR
- Phone+44 19 1244 6000Fax+44 19 1244 6001
- Websitehttp://www.nvm.co.uk/investor-area/n3vct/
Profile
| Management group(s) | Mercia Fund Management Limited |
|---|---|
| AIC sector | VCT Generalist |
| ISIN | GB0031152027 |
| Launch date | 17 Dec 2001 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The Company’s objective is to provide long-term tax-free returns to investors through a combination of dividend yield and capital growth, by investing primarily in unquoted UK businesses which meet the Manager’s key criteria of good growth potential, strong management and potential to generate cash in the medium to long term.
Managed by
| Peter Dines |
|---|
Management & contract fees
Management fee of 2.06% p.a. of NAV. Performance fee is 14.2% of the total return in excess of a hurdle rate. The agreement may be terminated by not less than 12months notice.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Montanaro UK Smllr Cmpns nvstmnt Trst PL | -9.75m | -11.97m |
| Ramsdens Holdings PLC | 116.80m | 11.89m |
| Lindsell Train Investment Trust PLC | -5.92m | -7.56m |
| Shires Income plc | 20.11m | 17.97m |
| Northern 3 VCT PLC | 10.53m | 7.47m |
| Blackrock American Income Trust PLC | 12.28m | 10.95m |
| CQS Natural Rsrcs Grwth Inc PLC | 10.20m | 5.73m |
| Northern Venture Trust plc | 11.42m | 8.08m |
| Northern 2 VCT plc | 11.56m | 8.23m |
| Duke Capital Ltd | 16.98m | 4.78m |
| Aberforth Geared Value & Income Trst PLC | 8.71m | 4.10m |
| Blackrock Latin Amercn Invstmnt Trst PLC | 17.78m | 15.60m |
| CT UK High Income Trust PLC | 18.75m | 16.66m |
| Peel Hunt Ltd | 111.89m | 4.70m |
| UIL Ltd | 27.85m | 20.90m |
| Liontrust Asset Management PLC | 151.89m | 12.66m |
