BRITISH SMALLER COMPANIES VCT PLC
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Cash
£40m
highest in 4 filed years
Net assets
£286m
highest in 7 filed years
Employees
—
Average over period
Profit before tax
£939k
Period ending 2026-03-31
Net assets
7-year trend · vs Financials median
Accounts
7-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | £1,065,000 | £1,994,000 | £4,045,000 | — | £5,463,000 | — | £4,920,000 | — | |
| Operating profit | — | — | — | — | £6,769,000 | — | £939,000 | — | |
| Profit before tax | £28,264,000 | £12,237,000 | £10,618,000 | £264,000 | £6,769,000 | £5,422,000 | £939,000 | — | |
| Net profit | £28,264,000 | £12,237,000 | £10,618,000 | £264,000 | — | £5,209,000 | — | — | |
| Cash | — | — | — | £29,805,000 | £30,971,000 | £36,746,000 | £39,819,000 | — | |
| Total assets less current liabilities | — | — | — | — | £257,111,000 | — | £285,531,000 | — | |
| Net assets | — | £157,032,000 | £219,600,000 | £246,809,000 | £257,111,000 | £283,991,000 | £285,531,000 | — | |
| Equity | £159,534,000 | £157,032,000 | £219,600,000 | £246,809,000 | £257,111,000 | £283,991,000 | £285,531,000 | — | |
| Average employees | — | — | — | — | — | — | — | — | |
| Wages | — | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | £139,062 | — | £146,376 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 6 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 123.9% | — | 19.1% | |
| Return on capital employed | — | — | — | — | 2.6% | — | 0.3% | |
| Gearing (liabilities / total assets) | — | — | — | 0.1% | 0.1% | 0.1% | 0.1% |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Taking all of the above into consideration, the directors are satisfied that the Company has sufficient resources to meet its obligations for at least 12 months from the date of this report and therefore believe that it is appropriate to continue to apply the going concern basis of accounting in preparing the financial statements.”
Significant events
- “On 1 April 2026 the Company allotted the final shares from its fully subscribed 2025/26 share offer. Gross proceeds of £37.3 million were raised, resulting in the issue of 45,900,519 ordinary shares.”
- “Subsequent to the year end, the Company has invested £3.9 million into new portfolio companies Inploi and StudentCrowd, and £6.5 million into existing portfolio companies GEEIQ and Spotless Water.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THE CITY PARTNERSHIP (UK) LIMITED | Corporate Secretary | 2014-12-01 | — | — |
| BASTIN, Adam Christian Neil | Director | 2019-09-11 | Aug 1978 | British |
| CARTWRIGHT, Jonathan Harry | Director | 2019-10-01 | Aug 1953 | British |
| COOK, Rupert William | Director | 2017-08-01 | May 1969 | British |
| SAPRE, Purvi | Director | 2022-06-06 | Aug 1981 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GERVASIO, James Ernest Peter | Secretary | 1996-02-19 | 2011-04-01 |
| MACKINTOSH, Clare | Secretary | 2011-04-01 | 2011-08-23 |
| KHM SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2011-08-23 | 2014-11-30 |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 1995-12-13 | 1996-02-19 |
| YORK PLACE COMPANY SECRETARIES LIMITED | Corporate Nominee Secretary | 1995-12-06 | 1995-12-13 |
| BROWN, Christopher John | Director | 1996-02-28 | 2004-10-31 |
| BUCHAN, Charles Walter Edward Ralph | Director | 2010-09-22 | 2019-09-11 |
| CAMMERMAN, Philip Simon | Director | 1996-02-28 | 2017-08-01 |
| HUGH SMITH, Andrew Colin, Sir | Director | 1996-02-28 | 2008-08-06 |
| LAST, Richard | Director | 1996-02-28 | 2010-09-21 |
| LEACH, Clive William | Director | 1996-02-28 | 2004-10-22 |
| LINDEMANN, Robert | Director | 1996-02-28 | 2004-10-24 |
| NOAR, Stephen John | Director | 2005-05-03 | 2008-06-30 |
| PETTIGREW, Robert Martin | Director | 2000-11-28 | 2010-09-21 |
| SEED, John Junior | Director | 1996-02-28 | 2004-10-20 |
| SINCLAIR, Helen Rachelle | Director | 2008-03-01 | 2022-09-16 |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Director | 1995-12-13 | 1996-02-28 |
| YORK PLACE COMPANY NOMINEES LIMITED | Corporate Nominee Director | 1995-12-06 | 1995-12-13 |
| YORK PLACE COMPANY SECRETARIES LIMITED | Corporate Nominee Director | 1995-12-06 | 1995-12-13 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 496 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-16 RESOLUTIONS Resolution
- 2025-09-16 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-17 | SH01 | capital | Capital allotment shares | |
| 2026-07-16 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-07-09 | AA | accounts | Accounts with accounts type full | |
| 2026-05-13 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-30 | SH01 | capital | Capital allotment shares | |
| 2026-03-11 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-09 | SH01 | capital | Capital allotment shares | |
| 2026-02-09 | SH01 | capital | Capital allotment shares | |
| 2025-12-19 | AA | accounts | Accounts with accounts type interim | |
| 2025-12-16 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-10-23 | CERT17 | capital | Certificate capital reduction issued capital share premium cancellation share premiumn | |
| 2025-10-23 | OC138 | capital | Legacy | |
| 2025-09-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-16 | MA | incorporation | Memorandum articles | |
| 2025-08-01 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-07-31 | SH01 | capital | Capital allotment shares | |
| 2025-06-20 | AA | accounts | Accounts with accounts type full | |
| 2025-06-09 | SH03 | capital | Capital return purchase own shares treasury capital date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 14
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.