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About the company
Literacy Capital plc is a United Kingdom-based closed-end investment company. The Company is focused on opportunities to invest for the long-term in growing private businesses where a clear route to creating additional value can be seen with its support. It also has a charitable objective, to donate 0.9% of annual net asset value (NAV) to charities focused on improving United Kingdom literacy in children. Its principal activity is to invest in and support small, growing, predominantly United Kingdom-businesses. It will also make other investments, in private and public businesses, which may be denominated in foreign currencies. The Company's investment policy is to invest in a diversified portfolio consisting primarily of equity and equity related securities issued by unquoted companies. It may hold debt instruments issued by a portfolio company where the Company also has equity or equity-related interests in that portfolio company. Its investment manager is Book Asset Management LLP.
- Revenue in GBP (TTM)56.33m
- Net income in GBP48.20m
- Incorporated2017
- Employees0.00
- LocationLiteracy Capital PLC3rd Floor,Charles House,,5-11 Regent Street St James's,LONDON SW1Y 4LRUnited KingdomGBR
- Websitehttps://www.literacycapital.com/
Profile
| Management group(s) | BOOK Asset Management |
|---|---|
| AIC sector | Private Equity |
| ISIN | GB00BMF1L080 |
| Launch date | 25 Jun 2021 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
Investments will be primarily in equity and equity-related instruments (which shall include, without limitation, preference shares, convertible debt instruments, equity-related and equity-linked notes and warrants) issued by portfolio companies. The Company will also be permitted to invest in partnerships, limited liability partnerships and other legal forms of entity where the investment has equity like return characteristics.
Managed by
| Richard Pindar, Paul Pindar |
|---|
Management & contract fees
The management Fee equal to one quarter of 0.9% p.a. of the adjusted audited NAV calculated and paid quarterly. The contract terminates on 12 months.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| VH Global Sustainable Enrgy Opprtnts PLC | 61.84m | 55.34m |
| Schroder Japan Trust PLC | 50.89m | 46.93m |
| Jpmorgan Asia Growth & Income PLC | -1.58m | -5.83m |
| Literacy Capital PLC | 56.33m | 48.20m |
| European Assets Trust PLC | 40.06m | 34.89m |
| Biotech Growth Trust PLC | 79.73m | 74.60m |
| Manchester & London Investment Trust plc | 107.72m | 104.00m |
| Fintel PLC | 64.90m | 7.10m |
| Brooks Macdonald Group plc | 128.48m | 6.58m |
| CT Private Equity Trust PLC | 24.80m | 7.62m |
| Nippon Active Value Fund PLC | 53.13m | 47.56m |
| Third Point Investors Ltd | 30.35m | 8.96m |
| Henderson International Income Trust PLC | 18.14m | 12.76m |
| Gore Street Energy Storage Fund PLC | 54.51m | 44.59m |
| CT UK Capital and Income Invst Trust PLC | 45.06m | 41.17m |
| Invesco Bond Income Plus Ltd | 36.48m | 31.82m |
