Blackrock Smaller Companies Trust PLC

LSE:BRSC UK Asset Management
Market Cap
$6.08 Million
GBX50.00 Billion GBX
Market Cap Rank
#47684 Global
#1082 in UK
Share Price
GBX1256.00
Change (1 day)
-0.48%
52-Week Range
GBX12.80 - GBX1418.00
All Time High
GBX2020.41
Categories
Companies in UK Asset Management Banking & Financial
About

BlackRock Smaller Companies Trust plc is a closed ended equity mutual fund launched by BlackRock Fund Managers Limited. The fund is managed by BlackRock Investment Managers (UK) Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in the stocks of companies operating across diversified sectors including support services, software and computer services, medi… Read more

Blackrock Smaller Companies Trust PLC (BRSC) - Net Assets

Latest net assets as of August 2025: GBX587.62 Million GBX

Based on the latest financial reports, Blackrock Smaller Companies Trust PLC (BRSC) has net assets worth GBX587.62 Million GBX as of August 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX664.45 Million) and total liabilities (GBX76.83 Million). 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 GBX587.62 Million
% of Total Assets 88.44%
Annual Growth Rate 4.7%
5-Year Change -32.96%
10-Year Change -14.78%
Growth Volatility 25.17

Blackrock Smaller Companies Trust PLC - Net Assets Trend (2000–2025)

This chart illustrates how Blackrock Smaller Companies Trust 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 Blackrock Smaller Companies Trust PLC (2000–2025)

The table below shows the annual net assets of Blackrock Smaller Companies Trust PLC from 2000 to 2025.

Year Net Assets Change
2025-02-28 GBX614.78 Million -10.41%
2024-02-29 GBX686.21 Million 0.00%
2024-02-28 GBX686.21 Million -9.53%
2023-02-28 GBX758.53 Million -17.29%
2022-02-28 GBX917.08 Million +5.25%
2021-02-28 GBX871.30 Million +13.47%
2020-02-29 GBX767.87 Million 0.00%
2020-02-28 GBX767.87 Million +13.91%
2019-02-28 GBX674.09 Million -6.56%
2018-02-28 GBX721.44 Million +20.83%
2017-02-28 GBX597.07 Million +25.69%
2016-02-29 GBX475.06 Million 0.00%
2016-02-28 GBX475.06 Million +3.97%
2015-02-28 GBX456.94 Million -3.16%
2014-02-28 GBX471.84 Million +36.79%
2013-02-28 GBX344.93 Million +10.70%
2012-02-29 GBX311.58 Million 0.00%
2012-02-28 GBX311.58 Million -0.15%
2011-02-28 GBX312.04 Million +58.32%
2010-02-28 GBX197.09 Million +57.58%
2009-02-28 GBX125.07 Million -37.79%
2008-02-29 GBX201.05 Million 0.00%
2008-02-28 GBX201.05 Million -16.80%
2007-02-28 GBX241.64 Million +22.42%
2006-02-28 GBX197.38 Million +23.11%
2005-02-28 GBX160.33 Million +14.01%
2004-02-29 GBX140.62 Million 0.00%
2004-02-28 GBX140.62 Million +75.63%
2003-02-28 GBX80.07 Million -34.18%
2002-02-28 GBX121.65 Million -25.47%
2001-02-28 GBX163.23 Million -16.21%
2000-02-29 GBX194.80 Million --

Equity Component Analysis

This analysis shows how different components contribute to Blackrock Smaller Companies Trust 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 (February 2025)

Component Amount Percentage
Common Stock GBX12.50 Million 2.03%
Other Components GBX602.28 Million 97.97%
Total Equity GBX614.78 Million 100.00%

Blackrock Smaller Companies Trust PLC Competitors by Market Cap

The table below lists competitors of Blackrock Smaller Companies Trust PLC ranked by their market capitalization.

Company Market Cap
Ha Long Investment & Consulting JSC
VN:HID
 		$1.46K
Amana Takaful Life Ltd
CM:ATLLN0000
 		$1.47K
CAPITA (CTAA.SG)
STU:CTAA
 		$1.47K
GOLL4F
SA:GOLL4F
 		$1.47K
SINOPEC SH PETRO-H- - Dusseldorf Stock Exchang
DU:SGJH
 		$1.46K
Ccs
WAR:CCS
 		$1.46K
PACIFIC ONLINE
BE:4P7
 		$1.46K
Calithera Biosciences Inc
PINK:CALA
 		$1.46K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Blackrock Smaller Companies Trust PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 686,206,000 to 614,779,000, a change of -71,427,000 (-10.4%).
  • Net loss of 4,268,000 reduced equity.
  • Dividend payments of 20,018,000 reduced retained earnings.
  • Share repurchases of 44,663,000 reduced equity.
  • Other comprehensive income decreased equity by 1,982,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX-4.27 Million -0.69%
Dividends Paid GBX20.02 Million -3.26%
Share Repurchases GBX44.66 Million -7.26%
Other Comprehensive Income GBX-1.98 Million -0.32%
Other Changes GBX-496.00K -0.08%
Total Change GBX- -10.41%

Book Value vs Market Value Analysis

This analysis compares Blackrock Smaller Companies Trust 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: 95.68x
  • 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 553.20x to 95.68x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-02-28 GBX2.27 GBX1256.00 x
2004-02-29 GBX2.27 GBX1256.00 x
2005-02-28 GBX2.82 GBX1256.00 x
2006-02-28 GBX3.61 GBX1256.00 x
2007-02-28 GBX4.50 GBX1256.00 x
2008-02-28 GBX4.07 GBX1256.00 x
2008-02-29 GBX4.07 GBX1256.00 x
2009-02-28 GBX2.27 GBX1256.00 x
2010-02-28 GBX3.78 GBX1256.00 x
2011-02-28 GBX6.21 GBX1256.00 x
2012-02-28 GBX6.20 GBX1256.00 x
2012-02-29 GBX6.20 GBX1256.00 x
2013-02-28 GBX7.20 GBX1256.00 x
2014-02-28 GBX9.85 GBX1256.00 x
2015-02-28 GBX9.54 GBX1256.00 x
2016-02-28 GBX9.92 GBX1256.00 x
2016-02-29 GBX9.92 GBX1256.00 x
2017-02-28 GBX12.47 GBX1256.00 x
2018-02-28 GBX15.07 GBX1256.00 x
2019-02-28 GBX14.08 GBX1256.00 x
2020-02-28 GBX15.98 GBX1256.00 x
2020-02-29 GBX15.98 GBX1256.00 x
2021-02-28 GBX17.84 GBX1256.00 x
2022-02-28 GBX18.78 GBX1256.00 x
2023-02-28 GBX15.53 GBX1256.00 x
2024-02-28 GBX14.18 GBX1256.00 x
2024-02-29 GBX14.18 GBX1256.00 x
2025-02-28 GBX13.13 GBX1256.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Blackrock Smaller Companies Trust 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): -0.69%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.00%
  • • Asset Turnover: -0.00x
  • • Equity Multiplier: 1.15x
  • Recent ROE (-0.69%) is below the historical average (8.38%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 41.99% 95.74% 0.38x 1.15x GBX40.27 Million
2004 41.99% 95.74% 0.38x 1.15x GBX40.27 Million
2005 17.22% 90.45% 0.17x 1.12x GBX10.50 Million
2006 22.38% 93.77% 0.22x 1.09x GBX22.61 Million
2007 21.37% 93.23% 0.21x 1.11x GBX25.80 Million
2008 -9.04% 0.00% -0.07x 1.10x GBX-38.28 Million
2008 -9.04% 0.00% -0.07x 1.10x GBX-38.28 Million
2009 -79.58% 0.00% -0.67x 1.15x GBX-98.78 Million
2010 41.87% 97.18% 0.38x 1.12x GBX58.10 Million
2011 39.69% 97.01% 0.37x 1.11x GBX88.23 Million
2012 1.01% 42.75% 0.02x 1.09x GBX-26.69 Million
2012 1.01% 42.75% 0.02x 1.09x GBX-26.69 Million
2013 15.29% 99.25% 0.14x 1.10x GBX18.25 Million
2014 28.02% 99.63% 0.26x 1.10x GBX85.04 Million
2015 -1.91% 0.00% -0.02x 1.10x GBX-54.42 Million
2016 5.43% 97.49% 0.05x 1.09x GBX-21.73 Million
2016 5.43% 97.49% 0.05x 1.09x GBX-21.73 Million
2017 21.92% 99.50% 0.20x 1.09x GBX71.17 Million
2018 18.77% 99.45% 0.17x 1.12x GBX63.24 Million
2019 -5.04% 0.00% -0.05x 1.07x GBX-101.35 Million
2020 12.12% 99.02% 0.11x 1.11x GBX16.29 Million
2020 12.12% 99.02% 0.11x 1.11x GBX16.29 Million
2021 13.69% 99.03% 0.12x 1.11x GBX32.16 Million
2022 6.78% 98.62% 0.06x 1.13x GBX-29.57 Million
2023 -18.55% 0.00% -0.17x 1.10x GBX-216.58 Million
2024 -4.77% 0.00% -0.03x 1.12x GBX-101.32 Million
2024 -4.77% 0.00% -0.03x 1.12x GBX-101.32 Million
2025 -0.69% 0.00% 0.00x 1.15x GBX-65.75 Million

Industry Comparison

This section compares Blackrock Smaller Companies Trust 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
Blackrock Smaller Companies Trust PLC (BRSC) GBX587.62 Million 41.99% 0.13x $1.46K
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