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About the company
Tufton Assets Limited, formerly Tufton Oceanic Assets Limited, is a Guernsey-based investment company. The Company invests in a diversified portfolio of secondhand commercial sea-going vessels with the objective of delivering cash flow and capital gains to investors. It will make investments through one or more underlying special purpose vehicle over which the Company will exercise control with regard to investment decisions and which will mainly be wholly owned by the Company and may be held through an intermediate holding company. The Company may, from time to time, invest through vehicles that are not wholly owned by it. In such circumstances, the Company will seek to secure controlling rights over such vehicles through shareholder agreements or other legal arrangements. No single vessel will represent more than 25 percent of net asset value. It will not invest in cruise ships or in other closed-ended investment companies. Its investment manager is Tufton Investment Management Ltd.
- Revenue in USD (TTM)-31.79m
- Net income in USD-36.10m
- Incorporated2017
- Employees0.00
- LocationTufton Assets Limited1 Royal Plaza, Royal AvenueSAINT PETER PORT GY1 2HLGuernseyGGY
- Websitehttp://tuftonassets.com
Profile
| Management group(s) | Tufton Investment Management Ltd |
|---|---|
| AIC sector | Leasing |
| ISIN | GG00BSFVPB94 |
| Launch date | 20 Dec 2017 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | USD |
Objective
To provide investors with an attractive level of regular and growing income and capital returns through investing in second-hand commercial sea-going vessels.
Managed by
| Andrew Hampson, Nicolas Tirogalas |
|---|
Management & contract fees
The management fee equals to 0.85% p.a. of the prevailing NAV up to USD 250m, 0.75% p.a. of the prevailing NAV between USD 250m and USD 500m; and 0.65% p.a. of the prevailing NAV in excess of USD 500m. The performance fee equals to 20% of the excess in Total Return per share.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Baronsmead Venture Trust PLC | 10.44m | 4.38m |
| Puma VCT 13 PLC | -83.04k | -6.81m |
| Montanaro European Smllr Cmpns Trst PLC | 43.92m | 37.98m |
| Baronsmead Second Venture Trust PLC | 11.33m | 3.50m |
| Aberdeen Equity Income Trust PLC | 49.26m | 45.33m |
| Malibu Life Holdings Ltd | 112.97m | 69.39m |
| Tufton Assets Ltd | -31.79m | -36.10m |
| JPMorgan US Smaller Co Inv Trust PLC | -8.52m | -14.50m |
| Ecofin Glbl Utlits and Infrstrc Trst PLC | 53.12m | 44.82m |
| Baillie Gifford UK Growth Trust PLC | 51.14m | 46.59m |
| Mid Wynd International Invest Trust PLC | -23.19m | -26.95m |
| B.P. Marsh & Partners plc | 160.01m | 142.17m |
| Literacy Capital PLC | 10.07m | -2.42m |
| Jpmorgan China Growth & Income PLC | 67.42m | 62.65m |
| Schroder Income Growth Fund PLC | 32.38m | 27.73m |
| Schroder UK Mid Cap Fund PLC | 39.39m | 34.42m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| East Riding of Yorkshire Council (Investment Management)as of 30 Jun 2025 | 31.87m | 11.92% |
| South Yorkshire Pensions Authorityas of 30 Jun 2025 | 26.50m | 9.91% |
| Schroder & Co. Ltd.as of 30 Jun 2025 | 26.50m | 9.91% |
| West Yorkshire Pension Fundas of 30 Jun 2025 | 21.61m | 8.08% |
| Raymond James Investment Services Ltd.as of 30 Jun 2025 | 18.02m | 6.74% |
| Tufton Investment Management Ltd.as of 30 Sep 2024 | 13.27m | 4.96% |
| Hawksmoor Investment Management Ltd.as of 29 Aug 2025 | 10.02m | 3.75% |
| Jupiter Asset Management Ltd.as of 30 Sep 2025 | 6.77m | 2.53% |
| Alder Investment Management Ltd.as of 31 Dec 2025 | 5.49m | 2.05% |
| Man Group Investments Ltd.as of 29 Aug 2025 | 5.21m | 1.95% |
