PROVEN VCT PLC

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the twelve months from the date of signing off these financial statements. In its assessment of the Company's activities as a going concern, the Board has reviewed the risks to future performance as set out in the Strategic Report on pages 29 to 32, and considered the potential impacts of those risks on the Company's future ability to continue as a going concern. The Company's cash resources are currently healthy, and the portfolio of investments is diverse and not reliant on any one sector. All significant cash outflows, including dividends, share buybacks and investments, are within the Company's control. Therefore the Board expects the Company to have sufficient cash resources to withstand any reasonable stress scenario, for example if the Company was unable to raise further funds, and believes that it is appropriate to continue to adopt the going concern basis of accounting in preparing these financial statements.”

Significant events

• “The Company invested a total of £9.6 million in the year (2024: £7.4 million), with two new companies added to the portfolio at a cost of £3.8 million, and follow-on investments totalling £5.8 million in six existing portfolio companies.”
• “the sale of Lupa Foods generating a 5.4x return over the life of the investment.”
• “The Company bought back 13,857,760 Ordinary Shares at an average price of 60.65p per share and for an aggregate consideration of £8,405,000. All shares were subsequently cancelled.”
• “On 10 April 2025, ProVen VCT marked 25 years since its launch.”
• “ESG_VC merged with VentureESG, a complementary organisation focused on embedding ESG best practice within venture capital firms and limited partners. The Investment Manager continues to play an active role in leading the combined organisation.”

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

Filings

20

last 12 months

Capital events

16

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -48.9%

  £184,000 → £94,000

• Net assets

  +0.6%

  £167,925,000 → £168,981,000

• Employees

  —

  Not reported

• Profit before tax

  -69.9%

  £8,280,000 → £2,496,000

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