Profile data is unavailable for this security.
About the company
Northern 2 VCT PLC is a United Kingdom-based 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 which meet the manager’s key criteria of good growth potential, strong management and ability to generate cash in the medium to long term. It also invests its remaining assets in a portfolio of equity investments, quoted investment funds and bank deposits. Its 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 Her Majesty's (HM) Government from time to time. It invests across various sectors, including software/electronics, consumer, industrial/manufacturing, services, and healthcare/biotechnology. Its investment manager is Mercia Fund Management Limited.
- Revenue in GBP (TTM)5.87m
- Net income in GBP3.21m
- Incorporated1999
- Employees0.00
- LocationNorthern 2 VCTForward House, 17 High StreetHENLEY-IN-ARDEN B95 5AAUnited 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 | GB0005356430 |
| Launch date | 21 Apr 1999 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The objective of the company is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth. The company invests primarily in unquoted UK manufacturing and service businesses which meet the key criteria of good value, growth potential, strong management and ability to generate cash. The directors intend that the long-term disposition on the assets of the company will be approximately 80% in a portfolio of VCT qualifying unquoted and AIM investments and 20% in other investments selected with a view to producing an enhanced return while avoiding undue capital volatility, to provide a reserve of liquidity which will maximize the flexibility of the company as to the timing of investment acquisitions and disposals, dividend payments and share buy-backs.
Managed by
| Peter Dines |
|---|
Management & contract fees
Management fee of 2.06% p.a. of NAV. Performance fee is 12% 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) |
|---|---|---|
| Northern Venture Trust plc | 5.88m | 3.17m |
| Artemis Alpha Trust PLC | 8.39m | 5.98m |
| Amati AIM VCT PLC | -41.59m | -44.82m |
| 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 |
| Foresight Sustainable Forestry Cmpny PLC | -8.67m | -11.34m |
| Northern 3 VCT PLC | 5.86m | 3.16m |
| Albion Development VCT PLC | 8.80m | 5.75m |
| VPC Specialty Lending Investments PLC | -10.18m | -25.83m |
| CQS Natural Rsrcs Grwth Inc PLC | -9.74m | -13.69m |
| Majedie Investments plc | 3.51m | -824.00k |
| M&G Credit Income Investment Trust PLC | 15.19m | 13.31m |
| Us Solar Fund PLC | -28.31m | -33.90m |
