Blackfinch Spring VCT PLC
Blackfinch Spring VCT PLC a venture capital firm specializing in seed, growth stage and early-stage investments. It also makes follow-on co-investments. It seeks to invest in technology-enabled companies with a focus on research, development and innovation, internet, mobile devices, social media, consumer discretionary, information technology, human resources, property, data analytics, marketing,… Read more
Blackfinch Spring VCT PLC (BFSP) - Net Assets
Latest net assets as of June 2025: £64.19 Million GBP
Based on the latest financial reports, Blackfinch Spring VCT PLC (BFSP) has net assets worth £64.19 Million GBP as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (£64.73 Million) and total liabilities (£540.00K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | £64.19 Million |
| % of Total Assets | 99.17% |
| Annual Growth Rate | 90.04% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 69.27 |
Blackfinch Spring VCT PLC - Net Assets Trend (2020–2024)
This chart illustrates how Blackfinch Spring VCT PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Blackfinch Spring VCT PLC (2020–2024)
The table below shows the annual net assets of Blackfinch Spring VCT PLC from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | £48.01 Million | +63.52% |
| 2023-12-31 | £29.36 Million | +52.38% |
| 2022-12-31 | £19.27 Million | +63.84% |
| 2021-12-31 | £11.76 Million | +219.53% |
| 2020-12-31 | £3.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blackfinch Spring VCT PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | £463.00K | 0.96% |
| Other Components | £47.55 Million | 99.04% |
| Total Equity | £48.01 Million | 100.00% |
Blackfinch Spring VCT PLC Competitors by Market Cap
The table below lists competitors of Blackfinch Spring VCT PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jinzhou Port Co Ltd A
SHG:600190
|
$80.24 Million |
|
Synergy Innovation Co. Ltd
KQ:048870
|
$80.27 Million |
|
Licogi 16 JSC
VN:LCG
|
$80.27 Million |
|
Genelux Corporation Common Stock
NASDAQ:GNLX
|
$80.28 Million |
|
Info-Tek
TWO:8183
|
$80.21 Million |
|
Parrot
PINK:PAOTF
|
$80.19 Million |
|
Astarta Holding N.V.
WAR:AST
|
$80.14 Million |
|
Independent Generations ESG Akk
CO:IIVGESGA
|
$80.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blackfinch Spring VCT PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 29,359,000 to 48,008,000, a change of 18,649,000 (63.5%).
- Net income of 3,060,000 contributed positively to equity growth.
- Dividend payments of 1,866,000 reduced retained earnings.
- New share issuances of 17,628,000 increased equity.
- Other comprehensive income decreased equity by 27,782,000.
- Other factors increased equity by 27,609,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | £3.06 Million | +6.37% |
| Dividends Paid | £1.87 Million | -3.89% |
| Share Issuances | £17.63 Million | +36.72% |
| Other Comprehensive Income | £-27.78 Million | -57.87% |
| Other Changes | £27.61 Million | +57.51% |
| Total Change | £- | 63.52% |
Book Value vs Market Value Analysis
This analysis compares Blackfinch Spring VCT PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 72.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 87.03x to 72.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | £1.02 | £88.50 | x |
| 2021-12-31 | £1.21 | £88.50 | x |
| 2022-12-31 | £1.08 | £88.50 | x |
| 2023-12-31 | £1.13 | £88.50 | x |
| 2024-12-31 | £1.22 | £88.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blackfinch Spring VCT PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.37%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 85.86%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.01x
- Recent ROE (6.37%) is above the historical average (1.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -7.37% | 0.00% | 0.00x | 1.02x | £-639.46K |
| 2021 | 0.82% | 24.89% | 0.03x | 1.01x | £-1.08 Million |
| 2022 | -1.69% | -2963.64% | 0.00x | 1.01x | £-2.25 Million |
| 2023 | 10.23% | 77.60% | 0.13x | 1.01x | £68.10K |
| 2024 | 6.37% | 85.86% | 0.07x | 1.01x | £-1.74 Million |
Industry Comparison
This section compares Blackfinch Spring VCT PLC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $395,694,700
- Average return on equity (ROE) among peers: -81.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blackfinch Spring VCT PLC (BFSP) | £64.19 Million | -7.37% | 0.01x | $80.22 Million |
| 3I Infrastructure PLC (3IN) | $1.09 Billion | 8.57% | 0.18x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| abrdn Asian Income Fund Limited (AAIF) | $431.48 Million | 11.10% | 0.09x | $315.37 |
| Abrdn Asia Focus PLC (AAS) | $464.40 Million | -2.37% | 0.15x | $434.78 |
| Albion Technology & General VCT PLC (AATG) | $34.46 Million | 4.41% | 0.01x | $78.71 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $492.42 Million | 0.00% | 0.32x | $16.61 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $320.23 Million | -9.29% | 0.00x | $2.45K |
| Artemis UK Future Leaders plc (AFL) | $84.35 Million | -40.52% | 0.02x | $401.26 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.83 Million |