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About the company
Northern Venture Trust PLC is a United Kingdom-based venture capital trust (VCT). The Company's principal activity is making of long-term equity and loan investments, mainly in unquoted companies. 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 primarily invests in various sectors, including software/electronics, consumer, industrial/manufacturing, services, healthcare/biotechnology and others. Its investment adviser is Mercia Fund Management Limited.
- Revenue in GBP (TTM)5.92m
- Net income in GBP3.22m
- Incorporated1995
- Employees0.00
- LocationNorthern Venture TrustTime Central, 32 GallowgateNEWCASTLE UPON TYNE NE1 8AFUnited 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 | GB0006450703 |
| Launch date | 01 Nov 1995 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
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 following its strategy of investing primarily in unquoted UK businesses which meet the Investment Adviser’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 15% 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) |
|---|---|---|
| CT UK High Income Trust PLC | 13.29m | 11.22m |
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| Northern 2 VCT plc | 5.51m | 2.85m |
| Northern 3 VCT PLC | 5.76m | 3.04m |
