BARONSMEAD VENTURE TRUST PLC
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Cash
£587k
Latest balance sheet
Net assets
£198m
Equity attributable
Employees
—
Average over period
Profit before tax
-£18m
Period ending 2026-03-31
Net assets
4-year trend · vs Financials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £3,566,000 | £1,799,000 | £4,100,000 | £1,737,000 | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | £11,324,000 | -£13,827,000 | £3,217,000 | -£18,068,000 | — | |
| Net profit | £11,323,000 | -£13,827,000 | £3,217,000 | -£18,068,000 | — | |
| Cash | £1,215,000 | £691,000 | £523,000 | £587,000 | — | |
| Total assets less current liabilities | £212,646,000 | — | £219,657,000 | £197,644,000 | — | |
| Net assets | £212,183,000 | — | £216,709,000 | — | — | |
| Equity | £212,183,000 | £195,005,000 | £216,709,000 | £197,644,000 | — | |
| Average employees | — | — | — | — | — | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — |
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 6 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|
| Net margin | — | — | 78.5% | — | |
| Gearing (liabilities / total assets) | 0.8% | — | 0.5% | — | |
| Current ratio | 1.31x | 1.17x | 2.95x | 2.58x |
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.
Name history
Renamed 1 time since incorporation
- BARONSMEAD VENTURE TRUST PLC 2016-02-08 → present
- BARONSMEAD VCT 2 PLC 1998-01-29 → 2016-02-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Auditor
- BDO LLP
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“After making enquiries, and bearing in mind the nature of the Company's business and assets, the Directors consider that the Company has adequate resources to continue in operational existence for the foreseeable future. In arriving at this conclusion, the Directors have considered the Company's cash balances, the liquidity of the Company's investments and the absence of any gearing. The Directors are therefore also satisfied that the Company has adequate financial resources to continue in operation for at least the next 12 months and that, accordingly, it is appropriate to adopt the going concern basis in preparing the financial statements.”
Significant events
- “In the listed portfolio, in January 2026, Idox plc was taken over by US investment firm Long Path Partners. Through that event, we realised proceeds of £4.5m representing a gross money multiple of 7.4x original cost.”
- “In the unquoted portfolio, the sale of portfolio company IWP completed in January 2026 resulting in proceeds of £0.4mn, a gross money multiple of 0.25x of original cost with potential for further upside through an expected earn out over the next two years.”
- “In her Budget Statement in November 2025, the Chancellor announced a significant expansion of the Enterprise Investment Scheme ("EIS") and Venture Capital Trust ("VCT") investment limits as well as a reduction in the upfront tax relief available on new investments in VCT shares from 30%-20%.”
- “In the 6 months ending 31 March 2026, one Level 3 investment, MXC Capital plc, was liquidated.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRESHAM HOUSE ASSET MANAGEMENT LIMITED | Corporate Secretary | 2018-11-30 | — | — |
| MELVIN, David Logan | Director | 2025-04-01 | Jul 1960 | British |
| MILLER SMITH, Fiona Margaret | Director | 2021-09-01 | Jul 1970 | British |
| PROBIN, Michael | Director | 2021-06-14 | Mar 1963 | British |
| SINGH, Mandeep Gorst | Director | 2025-04-01 | Dec 1983 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORSTER, Paul Martin | Secretary | 2008-07-01 | 2009-12-14 |
| JOHANSEN, Piers Charles Christian | Secretary | 1998-01-29 | 1998-02-18 |
| F&C ASSET MANAGEMENT PLC | Corporate Secretary | 1998-02-18 | 2008-07-01 |
| ISIS EP LLP | Corporate Secretary | 2009-11-24 | 2014-06-01 |
| LIVINGBRIDGE VC LLP | Corporate Secretary | 2014-06-01 | 2018-11-30 |
| LUCIENE JAMES LIMITED | Corporate Secretary | 1998-01-29 | 1998-01-29 |
| DOLAN, Isabel | Director | 2023-11-01 | 2025-01-21 |
| GABB, Leslie Ian | Director | 2016-02-08 | 2023-12-31 |
| GOLDRING, Howard David | Director | 2009-11-11 | 2016-02-08 |
| JILLINGS, Godfrey Frank | Director | 1998-02-18 | 2010-09-28 |
| JOHANSEN, Piers Charles Christian | Director | 1998-01-29 | 1998-02-18 |
| LAWRENCE, Peter Anthony | Director | 2016-02-08 | 2022-03-31 |
| MARSHALL, Valerie Margaret | Director | 2016-02-08 | 2021-10-31 |
| MCCOMB, Christina Margaret | Director | 2011-02-03 | 2017-12-05 |
| NICKLIN, Susannah Elizabeth Mckean | Director | 2018-02-21 | 2024-06-30 |
| NOTT, Gillian | Director | 1998-02-18 | 2016-02-08 |
| ODONOGHUE, Brian William | Director | 1998-01-29 | 1998-02-18 |
| PARRITT, Clive Anthony | Director | 1998-02-18 | 2016-05-31 |
| TIMPSON, Nicholas George Lawrence | Director | 1998-02-18 | 2009-12-14 |
| LUCIENE JAMES LIMITED | Corporate Nominee Director | 1998-01-29 | 1998-01-29 |
| THE COMPANY REGISTRATION AGENTS LIMITED | Corporate Nominee Director | 1998-01-29 | 1998-01-29 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 496 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type interim | |
| 2026-05-19 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-22 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-07 | SH01 | capital | Capital allotment shares | |
| 2026-04-04 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-17 | SH01 | capital | Capital allotment shares | |
| 2026-03-13 | AA | accounts | Accounts with accounts type full | |
| 2026-02-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-05 | SH01 | capital | Capital allotment shares | |
| 2025-12-08 | SH01 | capital | Capital allotment shares | |
| 2025-12-01 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-11-11 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-30 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-08-18 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type interim | |
| 2025-06-26 | SH01 | capital | Capital allotment shares | |
| 2025-06-25 | MISC | miscellaneous | Miscellaneous | |
| 2025-05-30 | SH01 | capital | Capital allotment shares | |
| 2025-05-28 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-05-07 | SH03 | capital | Capital return purchase own shares treasury capital date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- 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.