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About the company
Pembroke VCT plc is a United Kingdom-based venture capital trust (VCT) that is focused on early-stage investments in founder-led businesses. The Company invests in a diversified portfolio of small, principally unquoted companies. The Company is focused on investing in wellness, food, beverage & hospitality, education, design, media, and digital services sectors. The investment objective of the Company is to generate tax-free capital gains and income on investors’ funds through investment, primarily in companies that are founder-led, while mitigating risk appropriately within the framework of the structural requirements imposed on all VCTs. The Company invests in a diversified portfolio of smaller companies, principally unquoted companies. The Company's investment manager is Pembroke Investment Managers LLP.
- Revenue in GBP (TTM)-2.04m
- Net income in GBP-7.41m
- Incorporated2012
- Employees0.00
- LocationPembroke VCT B3 Cadogan GateLONDON SW1X 0ASUnited KingdomGBR
- Phone+44 20 7766 6900
- Websitehttps://www.pembrokevct.com/
Profile
| Management group(s) | Pembroke Investment Managers LLP |
|---|---|
| AIC sector | VCT Generalist |
| ISIN | GB00BQVC9S79 |
| Launch date | 01 Apr 2015 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To generate tax-free capital gains and income on investors’ funds through investment, primarily in companies that are founder led, whilst mitigating risk appropriately within the framework of the structural requirements imposed on all VCTs. The Company will seek to invest in a diversified portfolio of smaller companies, principally unquoted companies but possibly also including stocks quoted on AIM or Aquis, selecting companies which the Investment Manager believes provide the opportunity for value appreciation. Pending investment in suitable Qualifying Investments, the Investment Manager will invest in investments intended to generate a positive return, which may include certain money market securities, gilts, listed securities and cash deposits. The Company will continue to hold up to 20% of its net assets in such products after it is fully invested under the VCT rules.
Managed by
| Andrew Wolfson |
|---|
Management & contract fees
Annual management fee of 2% of the NAV payable quarterly. The performance fee is 20% of any amounts distributed to shareholders in excess of (i) GBP 1 per Share plus (ii) the relevant annual hurdle. Agreement terminable on notice period of 12 months.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Fidelity Japan Trust PLC | 9.27m | 6.75m |
| AVI Japan Opportunity Trust PLC | 32.81m | 30.99m |
| Aurora Investment Trust plc | 56.99m | 53.37m |
| B.P. Marsh & Partners plc | 51.14m | 42.53m |
| Foresight VCT Plc | 22.78m | 16.48m |
| Oryx International Growth Fund Ltd | 29.00m | 25.23m |
| Schroder Income Growth Fund PLC | -5.88m | -9.23m |
| GCP Asset Backed Income Fund Ltd | 26.31m | 18.26m |
| Pembroke VCT PLC | -2.04m | -7.41m |
| INVESCO Asia Trust plc | 9.84m | 5.56m |
| Baronsmead Venture Trust PLC | 8.85m | 4.69m |
| Schroder UK Mid Cap Fund PLC | 21.55m | 18.07m |
| Ecofin Glbl Utlits and Infrstrc Trst PLC | -4.33m | -10.27m |
| CVC Income & Growth Ltd | 43.68m | 26.60m |
| Aquila European Renewables PLC | -21.10m | -25.05m |
| Diverse Income Trust PLC | 44.72m | 41.95m |
