CHELVERTON UK DIVIDEND TRUST PLC

1. CHELVERTON UK DIVIDEND TRUST PLC 2018-06-15 → present
2. CHELVERTON SMALL COMPANIES DIVIDEND TRUST PLC 2016-08-01 → 2018-06-15
3. SMALL COMPANIES DIVIDEND TRUST PLC 2003-09-03 → 2016-08-01
4. BFS SMALL COMPANIES DIVIDEND TRUST PLC 1999-04-06 → 2003-09-03

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The present portfolio is now ungeared, as explained above, and the Board and Investment Manager have expressed confidence in its future prospects. Whilst the risk to ordinary shareholders inherent in gearing has been removed, the Board acknowledges that, due to the reduction in gross assets, either very severe underperformance by the Investment Manager or a prolonged bear market both pose risks to the Company's viability. Neither are considered very likely on a three-year view.”

Group structure

1. CHELVERTON UK DIVIDEND TRUST PLC · parent
   1. SDV 2025 ZDP PLC 100% · UK · issued ZDP shares (now in liquidation)
   2. SDV 2031 ZDP PLC 100% · UK · incorporated for issue of ZDP shares

Significant events

• “The ZDP shares issued by the Company's subsidiary were redeemed on 30 April 2025. In anticipation of the redemption of ZDP shares, the Company established a further subsidiary, SDV 2031 ZDP PLC, with the intention of issuing replacement ZDP shares via that entity.”
• “SDVP was placed into members' voluntary liquidation on 28 April 2025, following which the capital entitlements of the ZDP shares were repaid.”
• “Following the results of the rollover elections and proposed launch of the placing of new ZDP shares in 2031 ZDPCo, the Directors determined that there was not enough investor demand and decided not to proceed with the Scheme of Reconstruction.”
• “The Company issued an additional 905,000 shares during the year to 30 April 2025 at a premium to NAV.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

7

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +7.5%

  £3,260,000 → £3,505,000

• Cash

  +1,734.5%

  £87,000 → £1,596,000

• Net assets

  -10.9%

  £33,521,000 → £29,867,000

• Employees

  —

  Not reported

• Operating profit

  -291.5%

  £763,000 → -£1,461,000

• Profit before tax

  -4,168.5%

  £54,000 → -£2,197,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers