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About the company
Northern 2 VCT PLC is a United Kingdom-based 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 that meet the manager’s criteria of growth potential, management, and to generate cash in the medium to long term. The Company also invests its remaining assets in a portfolio of equity investments, quoted investment funds and bank deposits. Its investment policy has been designed to enable the Company to achieve its objective whilst complying with the qualifying conditions set out in the VCT rules, as amended by Her Majesty's (HM) Government from time to time. It invests across various industries, including software/electronics, consumer, industrial/manufacturing, services, and healthcare/biotechnology. Mercia Fund Management Limited (Mercia) acts as an investment manager.
- Revenue in GBP (TTM)5.87m
- Net income in GBP3.21m
- Incorporated1999
- Employees0.00
- LocationNorthern 2 VCTForward House, 17 High StreetHENLEY-IN-ARDEN B95 5AAUnited KingdomGBR
- Phone+44 191 244 6000
- Fax+44 191 244 6001
- Websitehttps://nvm.co.uk/
Profile
| Management group(s) | Mercia Fund Management Limited |
|---|---|
| AIC sector | VCT Generalist |
| ISIN | GB0005356430 |
| Launch date | 21 Apr 1999 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The objective of the company is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth. The company invests primarily in unquoted UK manufacturing and service businesses which meet the key criteria of good value, growth potential, strong management and ability to generate cash. The directors intend that the long-term disposition on the assets of the company will be approximately 80% in a portfolio of VCT qualifying unquoted and AIM investments and 20% in other investments selected with a view to producing an enhanced return while avoiding undue capital volatility, to provide a reserve of liquidity which will maximize the flexibility of the company as to the timing of investment acquisitions and disposals, dividend payments and share buy-backs.
Managed by
| Peter Dines |
|---|
Management & contract fees
Management fee of 2.06% p.a. of NAV. Performance fee is 12% of the total return in excess of a hurdle rate. The agreement may be terminated by not less than 12months notice.
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Northern Venture Trust plc | 5.88m | 3.17m | 116.55m | 0.00 | 31.10 | 0.9372 | -- | 19.82 | 0.0185 | 0.0185 | 0.0346 | 0.6135 | 0.0552 | -- | 28.54 | -- | 2.98 | -- | 2.98 | -- | 64.70 | -- | 53.95 | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Rights and Issues Investment Trust PLC | 4.89m | 3.59m | 117.84m | 0.00 | 35.97 | 0.9414 | -- | 24.10 | 0.6116 | 0.6116 | 0.8353 | 23.37 | 0.0359 | -- | 8.76 | -- | 2.64 | 2.85 | 2.64 | 2.86 | 86.30 | -- | 73.50 | 81.64 | -- | -- | -- | 50.30 | 109.21 | -- | 106.63 | -- | -- | 6.42 |
| Us Solar Fund PLC | -28.71m | -34.37m | 119.33m | 0.00 | -- | 0.5789 | -- | -- | -0.1296 | -0.1296 | -0.1083 | 0.7774 | -0.1228 | -- | -- | -- | -14.71 | -- | -14.89 | -- | -- | -- | -- | -- | -- | -1,303.73 | 0.00 | -- | -285.40 | -- | -397.04 | -- | -- | -- |
| Foresight Sustainable Forestry Cmpny PLC | -8.67m | -11.34m | 119.41m | 0.00 | -- | 0.7055 | -- | -- | -0.0659 | -0.0659 | -0.0504 | 0.9837 | -0.0494 | -- | -- | -- | -6.45 | -- | -6.48 | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -178.68 | -- | -229.03 | -- | -- | -- |
| Weiss Korea Opportunity Fund Ltd | 976.41k | -3.91m | 119.48m | 0.00 | -- | 1.00 | -- | 122.37 | -0.0565 | -0.0565 | 0.0141 | 1.72 | 0.0078 | -- | 25.72 | -- | -3.13 | 2.84 | -3.14 | 2.87 | -- | 76.29 | -400.64 | 47.16 | -- | -- | 0.00 | 86.23 | -481.89 | -- | -2,056.09 | -- | -- | 9.40 |
| Molten Ventures VCT PLC | -266.00k | -2.46m | 121.37m | 0.00 | -- | 0.9011 | -- | -- | -0.0099 | -0.0099 | -0.0013 | 0.4994 | -0.0024 | -- | -- | -- | -2.22 | 4.61 | -2.23 | 4.63 | -- | 71.86 | -- | 63.11 | -- | -- | 0.00 | 108.39 | -123.99 | -- | -141.08 | -- | -- | -- |
| Northern 2 VCT plc | 5.87m | 3.21m | 123.20m | 0.00 | 32.54 | 0.9305 | -- | 21.00 | 0.0168 | 0.0168 | 0.0307 | 0.5857 | 0.0516 | -- | 25.73 | -- | 2.82 | 5.62 | 2.83 | 5.72 | 64.90 | 72.80 | 54.71 | 67.41 | -- | -- | 0.00 | 126.36 | -126.07 | -- | -475.30 | -- | -- | -9.71 |
| CQS Natural Rsrcs Grwth Inc PLC | -9.74m | -13.69m | 123.91m | 0.00 | -- | 0.9078 | -- | -- | -0.2047 | -0.2047 | -0.1456 | 2.04 | -0.0605 | -- | -- | -- | -8.51 | 10.17 | -9.35 | 11.63 | -- | 88.26 | -- | 83.07 | -- | -- | 0.0929 | 34.22 | -65.75 | -8.52 | -77.73 | -13.07 | -- | 0.00 |
| Octopus AIM VCT plc | -21.82m | -24.88m | 124.68m | 0.00 | -- | 0.9158 | -- | -- | -0.1413 | -0.1413 | -0.1246 | 0.6716 | -0.1677 | -- | -- | -- | -19.12 | -1.90 | -19.24 | -1.96 | -- | -1,136.98 | -- | -1,459.50 | -- | -- | 0.00 | -- | -92.83 | -- | -71.71 | -- | -- | -1.89 |
| Record Plc | 44.10m | 9.86m | 124.81m | 97.00 | 12.34 | 4.39 | 11.78 | 2.83 | 0.0508 | 0.0508 | 0.2274 | 0.143 | 1.23 | -- | 3.49 | 454,628.90 | 27.49 | 22.38 | 33.95 | 27.58 | 99.85 | 99.17 | 22.35 | 24.47 | -- | -- | 0.0287 | 91.95 | 27.13 | 13.40 | 31.38 | 13.03 | 31.20 | 14.37 |
| Northern 3 VCT PLC | 5.86m | 3.16m | 125.79m | 0.00 | 33.79 | 0.9391 | -- | 21.46 | 0.025 | 0.025 | 0.0462 | 0.8998 | 0.0506 | -- | 25.71 | -- | 2.73 | 5.99 | 2.73 | 6.11 | 63.92 | 73.73 | 53.94 | 68.91 | -- | -- | 0.00 | 98.17 | -76.15 | 20.15 | -1,552.94 | -- | -- | -3.93 |
| Baillie Gifford China Growth Trust PLC | -80.90m | -83.18m | 125.95m | 0.00 | -- | 1.06 | -- | -- | -1.34 | -1.34 | -1.31 | 1.93 | -0.4812 | -- | -- | -- | -49.48 | -9.27 | -51.45 | -9.47 | -- | -- | -- | -- | -- | -- | 0.047 | -- | -694.17 | -- | -562.86 | -- | -- | -22.16 |
| Amati AIM VCT PLC | -41.59m | -44.82m | 127.88m | 0.00 | -- | 0.9028 | -- | -- | -0.297 | -0.297 | -0.2757 | 0.9471 | -0.2402 | -- | -- | -- | -25.88 | -4.44 | -26.03 | -4.47 | -- | -- | -- | -- | -- | -- | 0.00 | -- | 22.90 | -- | 23.05 | -- | -- | -7.79 |
| Majedie Investments plc | 3.51m | -824.00k | 129.32m | 3.00 | -- | 0.9957 | -- | 36.87 | -0.0156 | -0.0156 | 0.0662 | 2.45 | 0.0226 | -- | 0.4868 | 1,169,000.00 | -0.5318 | -3.95 | -0.5358 | -3.98 | 28.12 | -- | -23.50 | -- | -- | -- | 0.1377 | -- | -186.48 | -- | -208.65 | -- | -46.59 | -2.48 |
| Keystone Positiv Chng Invstmnt Trust PLC | 12.09m | 9.57m | 130.07m | 0.00 | 13.95 | 0.9105 | -- | 10.76 | 0.1549 | 0.1549 | 0.1956 | 2.37 | 0.0766 | -- | 80.88 | -- | 6.06 | -6.64 | 6.73 | -6.99 | 85.19 | -- | 79.17 | -- | -- | -- | 0.0956 | -- | 116.65 | 37.21 | 112.81 | -- | -- | -47.42 |
| Albion Development VCT PLC | 8.80m | 5.75m | 130.72m | 0.00 | 19.97 | 0.9808 | -- | 14.85 | 0.0436 | 0.0436 | 0.0657 | 0.887 | 0.0747 | -- | 3.42 | -- | 4.88 | 5.84 | 4.92 | 5.91 | 69.78 | 70.28 | 65.36 | 66.23 | -- | -- | 0.00 | 109.43 | 1,477.42 | -7.79 | 355.46 | -12.50 | -- | 1.19 |
