Investment Trusts

Northern 3 VCT

NTN:LSE

Northern 3 VCT

  • Price (GBX)82.50
  • Today's Change0.00 / 0.00%
  • Shares traded37.04k
  • 1 Year change-2.94%
  • Beta0.2635
Data delayed at least 20 minutes, as of Sep 17 2024 15:16 BST.
More ▼

Profile data is unavailable for this security.

About the company

Northern 3 VCT PLC is a 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. The Company invests mainly in unquoted venture capital holdings, with its remaining assets invested in a portfolio of equity investments, quoted investment funds and bank deposits. The Company operates a dividend investment scheme, giving shareholders the option of investing their dividends in new ordinary shares in the Company with the benefit of the tax reliefs available to VCT subscribers. The Company’s portfolio of investments includes software/electronics, healthcare/biotechnology, consumer, services, industrial/manufacturing and others. Mercia Fund Management Limited is the investment manager of the Company.

  • Revenue in GBP (TTM)5.76m
  • Net income in GBP3.04m
  • Incorporated2001
  • Employees0.00
More ▼

Profile

Management group(s)Mercia Fund Management Limited
AIC sectorVCT Generalist
ISINGB0031152027
Launch date17 Dec 2001
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The Company’s objective is to provide long-term tax-free returns to investors through a combination of dividend yield and capital growth, by investing primarily in unquoted UK businesses which meet the Manager’s key criteria of good growth potential, strong management and potential to generate cash in the medium to long term.

Managed by

Peter Dines

Management & contract fees

Management fee of 2.06% p.a. of NAV. Performance fee is 14.2% of the total return in excess of a hurdle rate. The agreement may be terminated by not less than 12months notice.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
VPC Specialty Lending Investments PLC-10.18m-25.83m112.56m0.00112.56m0.00
CQS Natural Rsrcs Grwth Inc PLC-9.74m-13.69m114.29m0.00114.29m0.00
Albion KAY VCT PLC4.80m2.14m114.52m0.00114.52m0.00
Molten Ventures VCT PLC-5.00m-8.05m115.33m0.00115.33m0.00
Amati AIM VCT PLC-41.59m-44.82m117.57m0.00117.57m0.00
Northern 2 VCT plc5.51m2.85m118.60m0.00118.60m0.00
Harmony Energy Income Trust PLC-26.29m-29.08m119.24m--119.24m--
Symphony International Holdings Ltd9.24m-76.96m120.96m--120.96m--
Northern 3 VCT PLC5.76m3.04m121.42m0.00121.42m0.00
Middlefield Canadian Income PCC2.99m-1.66m122.41m0.00122.41m0.00
Rights and Issues Investment Trust PLC18.31m17.08m124.31m0.00124.31m0.00
Artemis Alpha Trust PLC20.32m17.68m126.27m0.00126.27m0.00
Record Plc45.38m9.25m127.00m97.00127.00m97.00
Seraphim Space Investment Trust PLC7.33m3.31m127.14m--127.14m--
Majedie Investments plc21.20m17.11m127.73m3.00127.73m3.00
JZ Capital Partners Limited12.30m1.21m127.90m0.00127.90m0.00
Data as of Sep 17 2024. Currency figures normalised to Northern 3 VCT's reporting currency: UK Pound GBX
Data Provided by LSEG
All markets data located on InvestorsChronicle.co.uk is subject to the Investors Chronicle Terms & Condition
All content on InvestorsChronicle.co.uk is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by IC and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
Any information that you receive via Investors Chronicle is at best delayed intraday data and not "real time". Share price information may be rounded up/down and therefore not entirely accurate. Investors Chronicle is not responsible for any use of content by you outside its scope as stated in the Investors Chronicle Terms & Condition.