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About the company
ProVen VCT plc is a United Kingdom-based venture capital trust (VCT). 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 excellent growth prospects, and a portfolio of non-qualifying investments permitted for liquidity management purposes within the conditions imposed on all VCTs and to minimize the risk of each investment and the portfolio as a whole. The Company invests in companies at various stages of development, including those requiring capital for expansion, but not in start-ups or management buy-outs or businesses seeking to use funding to acquire other businesses. It invests in various sectors, such as consumer/e-commerce, software as a service (SaaS), business services, healthcare, and others. Its investment manager is Beringea LLP.
- Revenue in GBP (TTM)12.30m
- Net income in GBP8.03m
- Incorporated2000
- Employees0.00
- LocationProVen VCT55 Drury Lane,LONDON WC2B 5SQUnited KingdomGBR
- Phone+44 20 7845 7820Fax+44 20 7845 7821
- Websitehttp://www.provenvcts.co.uk/our-funds/dynamicfund/1
Profile
| Management group(s) | Beringea |
|---|---|
| AIC sector | VCT Generalist |
| ISIN | GB00B8GH9P84 |
| Launch date | 10 Apr 2000 |
| 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.
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 by one year’s prior written notice. The performance fee will be equal to 20% of the amount.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Fair Oaks Income Ltd | 17.06m | 16.20m |
| Unicorn AIM VCT plc | 1.53m | -3.01m |
| Brown Advisory US Smaller Companies PLC | -4.87m | -6.76m |
| Gresham House Income & Growth 2 Vct PLC | 8.64m | 3.75m |
| Franklin Global Trust PLC | -2.96m | -4.74m |
| Rockwood Strategic PLC | 13.76m | 11.07m |
| Chenavari Toro Income Fund Ltd | 28.55m | 21.77m |
| Albion Crown VCT PLC | 1.77m | -1.95m |
| ProVen VCT plc | 12.30m | 8.03m |
| Symphony International Holdings Ltd | 42.82m | 52.32m |
| Foresight Enterprise VCT PLC | 6.73m | 1.37m |
| British Smaller Companies VCT2 PLC | 9.95m | 4.80m |
| Baillie Gifford China Growth Trust PLC | 52.56m | 50.20m |
| Blackrock Energy and Rsrcs Incm Trst PLC | -12.36m | -15.34m |
| CT Global Managed Portfolio Trust PLC | 13.47m | 11.79m |
| Diverse Income Trust PLC | 30.50m | 28.69m |
