BARONSMEAD SECOND VENTURE TRUST PLC
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Cash
£580k
Latest balance sheet
Net assets
£197m
lowest in 4 filed years
Employees
—
Average over period
Profit before tax
-£20m
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 | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | £13,097,000 | -£15,677,000 | £2,569,000 | -£20,296,000 | — | |
| Net profit | £11,844,000 | -£15,677,000 | £2,569,000 | -£20,296,000 | — | |
| Cash | £5,990,000 | £689,000 | £484,000 | £580,000 | — | |
| Total assets less current liabilities | £227,444,000 | £204,655,000 | £221,187,000 | £197,466,000 | — | |
| Net assets | £227,444,000 | £204,655,000 | £221,187,000 | £197,466,000 | — | |
| Equity | £227,444,000 | £204,655,000 | £221,187,000 | £197,466,000 | — | |
| 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 |
|---|---|---|---|---|---|
| Gearing (liabilities / total assets) | 3.1% | 0.7% | 0.7% | 0.6% | |
| Current ratio | 3.92x | — | — | — |
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. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- BARONSMEAD SECOND VENTURE TRUST PLC 2016-03-14 → present
- BARONSMEAD VCT 3 PLC 2000-11-22 → 2016-03-14
Audit & accounting basis
- Accounting basis
- FRS 104
- 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. 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, the takeover of Idox by US investment firm Long Path Partners resulted in proceeds of £7.8mn representing a gross money multiple of 7.6x of original cost.”
- “In the 2025/26 tax year, the Company successfully raised £16.5mn (before costs) through an offer for subscription.”
- “One new investment, BBLHD Ltd (trading as O1Health), completed in April 2026 totalling £1.6mn.”
- “Six follow-on investments, into Eden Research plc, Ixico plc, Penfold, OnSecurity, Veremark and Counting Up, completed between April and June 2026, totalling £4.4mn.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRESHAM HOUSE ASSET MANAGEMENT LIMITED | Corporate Secretary | 2018-11-30 | — | — |
| FARAZMAND, Timothy Bahram Neville | Director | 2020-05-01 | Sep 1960 | British |
| FROMSON, Sarah Katinka | Director | 2019-10-01 | Nov 1959 | British |
| MCDONALD, Graham John | Director | 2021-02-16 | May 1960 | British |
| STIRLING, Adriana Victoria | Director | 2024-12-01 | Dec 1977 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORSTER, Paul Martin | Secretary | 2008-04-15 | 2009-12-14 |
| LAWSON, Barry | Secretary | 2009-12-09 | 2010-04-19 |
| ROWSON, Simon Andrew | Secretary | 2000-11-22 | 2001-01-09 |
| F&C ASSET MANAGEMENT PLC | Corporate Secretary | 2001-01-09 | 2008-04-15 |
| ISIS EP LLP | Corporate Secretary | 2010-04-19 | 2014-06-01 |
| LIVINGBRIDGE VC LLP | Corporate Secretary | 2014-06-01 | 2018-11-30 |
| LUCIENE JAMES LIMITED | Corporate Nominee Secretary | 2000-11-22 | 2000-11-22 |
| CANNON BROOKES, Markham | Director | 2001-01-09 | 2010-05-18 |
| DAVIES, John | Director | 2016-11-30 | 2020-02-27 |
| GROAT, Malcolm | Director | 2016-03-11 | 2024-12-31 |
| KARNEY, Andrew Lumsdaine | Director | 2001-01-09 | 2016-03-11 |
| MITCHELL, Andrew | Director | 2000-11-22 | 2001-01-09 |
| NOTT, Gillian | Director | 2001-01-09 | 2016-03-11 |
| ORROCK, Ian Jackson | Director | 2010-10-21 | 2020-05-01 |
| OWEN, Robert Richardson | Director | 2016-03-11 | 2016-10-13 |
| OWEN, Robert Richardson | Director | 2001-01-09 | 2010-09-28 |
| SFEIR, Annabelle | Director | 2000-11-22 | 2001-01-09 |
| TOWNSEND, John Anthony Victor | Director | 2009-08-04 | 2021-02-16 |
| LUCIENE JAMES LIMITED | Corporate Nominee Director | 2000-11-22 | 2000-11-22 |
| THE COMPANY REGISTRATION AGENTS LIMITED | Corporate Nominee Director | 2000-11-22 | 2000-11-22 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 420 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 | |
| 2026-04-27 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 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 | |
| 2025-10-30 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-09-23 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-08-18 | SH03 | capital | Capital return purchase own shares | |
| 2025-07-08 | AA | accounts | Accounts with accounts type interim | |
| 2025-06-26 | SH01 | capital | Capital allotment shares | |
| 2025-06-25 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-05-30 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-04-07 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 15
- 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.