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About the company
Gresham House Renewable Energy VCT 2 plc is a venture capital trust with a portfolio of renewable energy projects in the United Kingdom. Its principal objective is to manage with the intention of realizing the sale or monetization otherwise of all remaining assets in the portfolio in a prudent manner consistent with the principles of good investment management and with a view to returning value to shareholders in an orderly manner, whilst protecting the tax position of shareholders. The Renewable Energy its funds have mainly been invested in a portfolio of renewable energy generating assets, since inception. These assets are mature, generating electricity and earning revenues. The revenues are both from the sale of electricity and from government incentives to support the development of renewable energy generation capacity, such as feed-in tariffs and renewable obligation certificates. The Company’s investment adviser is Gresham House Assets Management Limited.
- Revenue in GBP (TTM)1.48m
- Net income in GBP-4.69m
- Incorporated2010
- Employees0.00
- LocationGresham House Renewable Energy VCT 2 plcThe Scalpel, 18th Floor, 52 Lime StreetLONDON EC3M 7AFUnited KingdomGBR
- Websitehttps://greshamhouse.com/
Profile
| Management group(s) | Gresham House Asset Management Ltd |
|---|---|
| AIC sector | VCT |
| ISIN | GB00B43GVJ82 |
| Launch date | 10 Jan 2011 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To realise all remaining assets in the Portfolio in a prudent manner consistent with the principles of good investment management and with a view to returning cash to Shareholders in an orderly manner.
Managed by
| Bozkurt Aydinoglu, Ben Guest, Gareth Owen, Ed Simpson |
|---|
Management & contract fees
The management fee payable is 1.15% p.a.of NAV. The performance fee is equal to 20% of the surplus when dividends exceed 5p per share for a financial year and 30% when dividends exceed 10p per share. The contract is terminable at a notice period of 9 months.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Worsley Investors Ltd | 823.00k | 30.00k |
| Blencowe Resources PLC | 0.00 | -1.64m |
| Capital for Colleagues PLC | 3.19m | 1.76m |
| SLF Realisation Fund Ltd | 2.81m | -12.32m |
| Tekcapital PLC | 553.50k | -11.81m |
| JPEL Private Equity Ltd | -3.14m | -4.76m |
| Tavistock Investments PLC | 37.18m | -350.00k |
| Netscientific PLC | 1.45m | -2.64m |
| Gresham House Renewable Energy VCT 1 PLC | -4.79m | -4.73m |
| Gresham House Renewable Energy VCT 2 PLC | 1.48m | -4.69m |
| Seneca Growth Capital VCT PLC | -2.26m | -2.60m |
| 450 PLC | 0.00 | -485.79k |
| Kelso Group Holdings PLC | 2.58m | 1.53m |
| CATCo Reinsurance Opportunities Fund Ltd | 241.85k | 4.10m |
| London Finance & Investment Group plc | 1.69m | 859.00k |
