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About the company
ProVen Growth and Income VCT plc is a United Kingdom-based venture capital trust. The Company's investment objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium sized unquoted companies with growth prospects and a portfolio of non-qualifying investments permitted for liquidity management purposes. It is focused on minimizing the risk of each investment and the portfolio as a whole. It invests in companies at various stages of development, including those requiring capital for expansion, but not in start-ups or in management buy-outs or businesses seeking to use funding to acquire other businesses. Its portfolio comprises approximately 52 investments across various sectors, including business services, media/advertising technology, healthcare, consumer/e-commerce and others. Its investment manager is Beringea LLP.
- Revenue in GBP (TTM)-5.14m
- Net income in GBP-9.09m
- Incorporated2000
- Employees0.00
- LocationProVen Growth and Income VCT55 Drury Lane,LONDON WC2B 5SQUnited KingdomGBR
- Phone+44 20 7845 7820Fax+44 20 7845 7821
- Websitehttps://www.proveninvestments.co.uk/
Profile
| Management group(s) | Beringea |
|---|---|
| AIC sector | VCT Generalist |
| ISIN | GB00B5B7YS03 |
| Launch date | 31 May 2001 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To achieve long-term returns greater than those available from investing in a portfolio of quoted companies by investing in a portfolio of qualifying investments in small and medium sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments permitted for liquidity management purposes within the conditions imposed on all VCTs and to minimise the risk of each investment and the portfolio as a whole.
Managed by
| Stuart Veale |
|---|
Management & contract fees
Management fee at 2% of NAV. Investment Manager is entitled to a performance fee. The investment management agreement is terminable by either party at any time on 12 months written notice. The performance fee will be equal to 20% of the amount.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| India Capital Growth Fund Ltd | 144.00k | 38.61m |
| Puma VCT 13 PLC | 3.12m | -160.00k |
| CT Global Managed Portfolio Trust PLC | 13.47m | 11.79m |
| abrdn Equity Income Trust PLC | 3.37m | -221.00k |
| Mobius Investment Trust PLC | -3.78m | -6.90m |
| Hargreave Hale AIM VCT PLC | -25.84m | -29.73m |
| Blackrock Energy and Rsrcs Incm Trst PLC | -20.05m | -23.40m |
| Proven Growth and Income VCT PLC | -5.14m | -9.09m |
| Foresight Enterprise VCT PLC | 14.45m | 9.06m |
| Seraphim Space Investment Trust PLC | 7.33m | 3.31m |
| Blackrock Sustnble Amrcn Incme Trst PLC | -7.24m | -9.46m |
| Brown Advisory US Smaller Companies PLC | 11.32m | 9.50m |
| British Smaller Companies VCT2 PLC | 11.11m | 6.69m |
| JPMorgan Japan Smll Cap Grwth & Inm PLC | 7.67m | 4.58m |
| Lindsell Train Investment Trust PLC | 54.00k | -1.83m |
| ProVen VCT plc | 1.01m | -2.86m |
