SENECA GROWTH CAPITAL VCT PLC

Company number

04221489

Status

Active

Incorporation

2001-05-22

Last accounts made up

2024-12-31

Account category

GROUP

Primary SIC

64999

Hubs

UK Fintech

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Royce Peeling Green Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 December 2024, the assets of the Company consist mainly of securities, nineteen of which are AIM quoted actively traded and readily realisable, as well as £1.8 million of cash at bank and £2.7 million invested in three money-market funds to manage liquidity. As at 31 December 2024, 30% of net assets comprise unquoted investments. Based on its knowledge of the business and its expectations, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least twelve months from the date of the signing of these Financial Statements. The Company therefore continues to adopt the going concern basis in preparing its Financial Statements.”

Significant events

• “The Company has raised £2.24 million under the Company's current offer of B shares in August 2024. It launched a new offer of B shares on 12 September 2024 to raise, in aggregate, up to £5 million with an overall allotment facility of up to a further £5 million (before issue costs) (the "Offer") and has raised £416k under this Offer by the year end.”
• “During the year the Company has allotted 2,788,399 B shares raising gross proceeds of £1.7 million in the period.”
• “During the year, the Company repurchased 300,303 B shares as part of our B share buyback policy (making gross payments of £0.2 million).”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers