September 01, 2016 3:11 AM ET

Capital Markets

Company Overview of Northern Venture Trust PLC

Company Overview

Northern Venture Trust PLC is a venture capital trust specializing in direct and fund of funds investments. Within direct, the fund seeks to invest in middle market, later stage, mature, and buyouts. Within fund of funds, it makes private equity fund investments. The fund typically invests between £2 million ($3.1 million) and £10 million ($15.59 million) in companies with enterprise values between £10 million ($15.59 million) and £30 million ($46.77 million). It focuses on long-term equity and loan investments in a portfolio of quoted and unquoted shares and securities.

Time Central

32 Gallowgate

Newcastle-Upon-Tyne,  NE1 4SN

United Kingdom

Founded in 1995

Phone:

44 1912 446 000

Fax:

44 1912 446 001

Key Executives for Northern Venture Trust PLC

Managing Director of Northern Venture Managers Limited - Investment Manager
Age: 61
Compensation as of Fiscal Year 2016.

Northern Venture Trust PLC Key Developments

Northern Venture Trust Announces First and Second Interim Dividend Payable on June 30, 2016

Northern Venture Trust PLC announced that first interim dividend of 3.0 pence per share and the second interim dividend of 7.0 pence per share for the year ending 30 September 2016 will be paid on 30 June 2016 to shareholders on the register at the close of business on 3 June 2016.

Northern Venture Trust plc Reports Unaudited Earnings Results for the Six Months Ended March 31, 2016

Northern Venture Trust PLC reported unaudited earnings results for the six months ended March 31, 2016. For six months, net asset value per share as at March 31, 2016 was 82.9 pence against 88.6 pence a year ago. Return on ordinary activities before tax was £2,640,000 against £3,648,000 a year ago. Return on ordinary activities after tax was £2,640,000 against £3,583,000 a year ago. Return per share was 2.8 pence against 3.8 pence a year ago. Net cash outflow from operating activities was £6,000 against net cash inflow from operating activities of £479,000 a year ago.

Northern Venture Trust PLC Reports Audited Earnings Results for the Year Ended September 30, 2015

Northern Venture Trust PLC reported audited earnings results for the year ended September 30, 2015. Income was £3.1 million against £3.3 million last year. Return on ordinary activities before tax was £6.8 million against £6.6 million last year. This strong overall result meant that the company’s investment adviser, NVM Private Equity, earned a performance-related management fee of £319,000 against £206,000 last year, equivalent to 0.3 pence per share against 0.2 pence per share last year. Return on ordinary activities after tax was £6.8 million or 7.2 pence per share against £6.6 million or 7.1 pence per share last year. Net asset value per share was 83.0 pence against 87.8 pence at September 30, 2014. Net cash inflow from operating activities was £0.7 million against £0.07 million last year.

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