CT PRIVATE EQUITY TRUST PLC

1. CT PRIVATE EQUITY TRUST PLC 2022-06-30 → present
2. BMO PRIVATE EQUITY TRUST PLC 2018-11-09 → 2022-06-30
3. F&C PRIVATE EQUITY TRUST PLC 2005-08-09 → 2018-11-09
4. MARTIN CURRIE CAPITAL RETURN TRUST PLC 1999-01-15 → 2005-08-09
5. DUNDASMERGE PLC 1997-10-06 → 1999-01-15

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

UK adopted international accounting standards

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on this information the Directors believe that the Company has the ability to meet its financial obligations as they fall due for a period of at least twelve months from the date of approval of the financial statements. Accordingly, the financial statements have been prepared on a going concern basis.”

Significant events

• “The Company continues to appraise the relative merits of using capital for share buybacks versus new investment whilst protecting and growing the dividend.”
• “During February 2024, the Company entered into a revised loan agreement with RBSI and State Street.”
• “The revised loan agreement increased the €25 million term loan with RBSI to €60 million and retained the revolving credit facility with RBSI and State Street at £95 million. The term of the agreement, which was due to expire in June 2024, was extended to February 2027.”
• “During the year ended 31 December 2024 the Company bought back, to be held in treasury, a total of 1.25 million shares... cost, in total, £5.8 million.”
• “2024 has seen the private equity market stabilise... investment and exit activity began to recover after two years of decline... global buyout investment and exit value increased 37% and 34% respectively in 2024.”
• “The total invested in funds and co-investments in the year was £58.7 million, down from £110.8 million in 2023.”
• “Five new fund commitments were made in the year.”
• “A total of £4.0 million was invested in Accounts IQ.”
• “After a strong recovery in the second and third quarter realisations slowed in the final quarter of the year. The total for the year was £108.6 million, up 76% on the £61.7 million achieved in 2023.”
• “During the year ended 31 December 2024 the Company received realisations of £108.6 million. This was an increase of 76% in comparison to the £61.7 million achieved in 2023.”

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

Filings

5

last 12 months

Capital events

2

last 24 months

Officers appointed

1

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

  —

  Not reported

• Cash

  +62%

  £9,879,000 → £16,000,000

• Net assets

  -1.2%

  £511,093,000 → £504,829,000

• Employees

  —

  Not reported

• Operating profit

  +49.7%

  £18,913,000 → £28,311,000

• Profit before tax

  +42.7%

  £13,784,000 → £19,669,000

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