Profile data is unavailable for this security.
About the company
Northern Venture Trust PLC is a United Kingdom-based venture capital trust (VCT). The Company's principal activity is making of long-term equity and loan investments, mainly in unquoted companies. 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 primarily invests in various sectors, including software/electronics, consumer, industrial/manufacturing, services, healthcare/biotechnology and others. Its investment adviser is Mercia Fund Management Limited.
- Revenue in GBP (TTM)5.88m
- Net income in GBP3.17m
- Incorporated1995
- Employees0.00
- LocationNorthern Venture TrustTime Central, 32 GallowgateNEWCASTLE UPON TYNE NE1 8AFUnited KingdomGBR
- Phone+44 19 1244 6000Fax+44 19 1244 6001
- Websitehttps://nvm.co.uk/
Profile
| Management group(s) | Mercia Fund Management Limited |
|---|---|
| AIC sector | VCT Generalist |
| ISIN | GB0006450703 |
| Launch date | 01 Nov 1995 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The 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 UK manufacturing, service and technology businesses which meet the key criteria of good value, growth potential, strong management and ability to generate cash in the medium to long term. The investment policy has been designed to enable the company to achieve its objective whilst complying with the qualifying conditions set out in the VCT rules, as amended by HM Government from time to time.
Managed by
| Peter Dines |
|---|
Management & contract fees
Management fee of 2.06% p.a. of NAV. Performance fee is 15% 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) |
|---|---|---|
| Kings Arms Yard VCT PLC | 4.80m | 2.14m |
| Harmony Energy Income Trust PLC | 6.61m | 3.14m |
| Blackrock Latin Amercn Invstmnt Trst PLC | 44.77m | 42.16m |
| Middlefield Canadian Income PCC | 2.99m | -1.66m |
| Trident Royalties PLC | 7.52m | 1.89m |
| Northern Venture Trust plc | 5.88m | 3.17m |
| Amati AIM VCT PLC | -41.59m | -44.82m |
| Foresight Sustainable Forestry Cmpny PLC | -8.67m | -11.34m |
| Artemis Alpha Trust PLC | 8.39m | 5.98m |
| Rights and Issues Investment Trust PLC | 4.89m | 3.59m |
| Molten Ventures VCT PLC | -266.00k | -2.46m |
| Weiss Korea Opportunity Fund Ltd | -2.31m | -6.45m |
| Northern 2 VCT plc | 5.87m | 3.21m |
| Octopus AIM VCT plc | -21.82m | -24.88m |
| Northern 3 VCT PLC | 5.86m | 3.16m |
| Albion Development VCT PLC | 8.80m | 5.75m |
