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Net Asset Value and Portfolio

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Draper Esprit VCT plc (“the Company”)
LEI: 2138003I9Q1QPDSQ9Z97
Net Asset Value and portfolio
11 November 2021

The Company announces that its unaudited Net Asset Value (NAV), as at 30 September 2021, was 61.0p per Ordinary Share.

The unaudited investment portfolio and balance sheet of the Company, as at 30 September 2021, were as follows:

Cost

Valuation
30 September 2021 (unaudited)

Valuation movement since
31 March 20
21

% of
portfolio
by value

£’000

£’000

£’000

Ten largest venture capital investments (by value)

Access Intelligence plc*

2,586

12,115

1,326

13.6%

Back Office Technology Limited

1,420

7,955

5,546

9.0%

Fords Packaging Topco Limited

2,433

6,878

-

7.7%

Endomagnetics Limited

2,147

5,652

1,008

6.4%

Thought Machine Group Limited

2,400

4,025

1,625

4.5%

Lyalvale Express Limited

1,915

3,999

2,571

4.5%

IESO Digital Health Limited

1,900

3,302

2,352

3.7%

StreetTeam Software Limited

2,820

2,530

2,211

2.9%

Freetrade Limited

600

2,367

-

2.7%

Evonetix Limited

1,485

1,882

-

2.1%

19,706

50,705

16,639

57.1%

Other venture capital investments

Ravelin Technology Limited

1,133

1,879

746

2.1%

Macranet Limited

1,187

1,187

778

1.3%

Roomex UK Limited

1,081

1,104

(70)

1.2%

Crowdcube Limited

400

1,013

264

1.1%

PrimaryBid Limited

950

950

-

1.1%

River Lane Research Limited

901

901

-

1.0%

United Authors Publishing Limited

542

885

65

1.0%

Fulcrum Utility Services Limited*

386

691

(370)

0.8%

Focal Point Positioning Limited

600

600

-

0.7%

Hadean Supercomputing Limited

400

583

183

0.7%

Sweepr Technologies Limited

515

526

-

0.6%

Other investments

12,853

1,767

(660)

2.0%

20,948

12,086

936

13.6%

40,654

62,791

17,575

70.7%

Cash at bank and in hand

26,045

29.3%

Total investments

88,836

100.0%

* Quoted on AIM

Unaudited Balance Sheet
As at 30 September 2021

30 Sep
2021
(unaudited)

31 Mar
2021
(audited)

£’000

£’000

Fixed assets

Investments

62,791

44,756

Current assets

Debtors

7

78

Cash at bank and in hand

26,045

10,659

26,052

10,737

Creditors: amounts falling due within one year

(99)

(81)

Net current assets

25,953

10,656

Net assets

88,744

55,412

Capital and reserves

Called up share capital

7,275

5,537

Capital redemption reserve

728

659

Share premium account

36,438

18,321

Merger reserve

1,828

1,828

Special reserve

12,041

15,463

Capital reserve – unrealised

31,052

14,159

Capital reserve – realised

-

-

Revenue reserve

(618)

(555)

Total equity shareholders’ funds

88,744

55,412

Basic and diluted net asset value per share

61.0p

50.0p


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