The British Smaller Companies VCTs have announced a new share offer for up to £75m, comprised of £50m and a £25m overallotment option.
The VCT has total net assets of £415m and a portfolio of 42 companies and focuses on technology companies with a bias towards data, tech-enabled services and new media.
Over the five years to June 2024, the VCTs delivered a NAV total return of 68% and 61%.
The VCTs do not specify a dividend target.
Head of investment research at Wealth Club, Jonathan Moyes, commented that British Smaller Companies manager, YFM Equity Partners, has an “excellent reputation” and has built up a strong following among investors.
“Previous investments include, Unbiased, the financial advice marketplace that many advisers could not live without, and Manchester based Matillion, which provides a data analytics platform to corporates,” Moyes added.
“The VCTs have benefitted from a flurry of recent exits, which we expect will help maintain the VCTs formidable, if volatile, dividend record. The sale of in-store point of purchase display designer Displayplan returned £19.2m to the VCT in February, 9.6 times cost. In total, the VCT has sold £80.7m worth of businesses over the past two years.
“As the rapid closure of the Mobeus VCT offer has shown, popular VCTs can disappear quickly. The British Smaller Companies offering is unlikely to be around for long.”
Latest News
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories