PROVEN GROWTH AND INCOME VCT PLC

1. PROVEN GROWTH AND INCOME VCT PLC 2005-07-05 → present
2. PROVEN MEDIA VCT PLC 2001-02-02 → 2005-07-05
3. WISEMANOR PLC 2000-12-14 → 2001-02-02

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

• “Between 28 February 2025 and the date of the Annual Report & Accounts, the Company issued 15,087,371 Ordinary Shares for an aggregate consideration of £8.0 million under the combined offer for subscription with ProVen VCT plc which launched on 6 November 2024. Share issue costs thereon amounted to £0.4 million.”
• “Since the year end, the Company has made one new investment and two follow on investments. In March 2025, £1.0 million was invested into Limitless Travel, an innovative travel company specialising in accessible holidays for people with disabilities and restricted mobility.”
• “Also in March, a follow-on investment of £0.2 million was made into MOTH. In April, a small follow-on investment of £0.1 million was made into Mojo.”

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

  -51%

  £196,000 → £96,000

• Net assets

  -5.3%

  £165,540,000 → £156,822,000

• Employees

  —

  Not reported

• Profit before tax

  -153.8%

  £10,734,000 → -£5,770,000

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