Northern 2 VCT PLC and Its Investment Journey
Northern 2 VCT PLC is an established player in the venture capital sector, having been launched in 1999. As a Venture Capital Trust (VCT), it is dedicated to generating tax-efficient returns for investors through growth and dividends. This venture is managed by the experienced team at Mercia Fund Management Limited.
Understanding the Latest Net Asset Value
As of 30 June 2025, the unaudited net asset value (NAV) per ordinary share for Northern 2 VCT PLC stood at 58.2 pence, a slight decrease from 58.3 pence as of 31 March 2025. This figure is essential for both current and potential investors, providing insights into the company's financial health and market performance.
Calculating the NAV
The calculation of NAV is crucial in assessing the company's worth. For this period, quoted investments were assessed at their bid price as of 30 June 2025, while unquoted investments were evaluated at fair value as determined by the directors. This method ensures transparency and accuracy in reporting financial standing to stakeholders.
Investment Activities During the Quarter
In the three months leading up to 30 June 2025, Northern 2 VCT PLC made significant strides in its investment strategy, with £2.5 million allocated to seven existing portfolio companies. This strategic deployment of funds indicates the company's ongoing commitment to growing its investment portfolio and supporting innovative ventures.
Exit Strategies and Realisations
Despite the investments made, it’s notable that there were no significant exits from venture capital investments during this quarter. This stall provides an opportunity for the company to evaluate and strengthen its existing portfolio before pursuing new avenues for investment.
Share Information
At the end of the reporting period, the total number of ordinary shares issued rose to 245,384,608, following the allotment of 25,531,778 shares through the company’s public share offering for the 2024/25 fiscal year. This shows a proactive approach towards raising capital and improving liquidity for future investments.
Contact Information
For further inquiries regarding Northern 2 VCT PLC, investors can reach out to Sarah Williams or James Sly at Mercia Fund Management Ltd by dialing 0330 223 1430. You can also visit the company's official website at www.mercia.co.uk/vcts for more detailed information.
Frequently Asked Questions
What is the current net asset value of Northern 2 VCT PLC?
The unaudited net asset value per ordinary share as of 30 June 2025 is 58.2 pence.
How much was invested during the last quarter?
£2.5 million was invested across seven existing portfolio companies during the three months ended 30 June 2025.
Have there been any significant exits in this quarter?
No significant venture capital investment exits were reported during this period.
What is the total number of shares in circulation?
As of 30 June 2025, there are 245,384,608 ordinary shares in issue.
How can I contact Northern 2 VCT PLC for more information?
Investors can contact Sarah Williams or James Sly at Mercia Fund Management Ltd at 0330 223 1430 for inquiries.
