British Smaller Companies Vct 2 Plc

LSE:BSC UK Asset Management
Market Cap
$2.16 Million
GBX17.77 Billion GBX
Market Cap Rank
#50323 Global
#1519 in UK
Share Price
GBX51.50
Change (1 day)
+0.00%
52-Week Range
GBX49.00 - GBX53.50
All Time High
GBX54.47
Categories
Companies in UK Asset Management Banking & Financial
About

British Smaller Companies VCT 2 plc is a venture capital trust specializing in emerging growth, growth capital, acquisition funding, and development funding. It is an evergreen fund. The fund invests in a range of securities which may include ordinary and preference shares and fixed income securities, such as corporate bonds and gilts in VCT qualifying and non-qualifying securities. It seeks to i… Read more

British Smaller Companies Vct 2 Plc (BSC) - Net Assets

Latest net assets as of June 2025: GBX182.13 Million GBX

Based on the latest financial reports, British Smaller Companies Vct 2 Plc (BSC) has net assets worth GBX182.13 Million GBX as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX182.64 Million) and total liabilities (GBX515.00K). 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 GBX182.13 Million
% of Total Assets 99.72%
Annual Growth Rate 15.0%
5-Year Change 126.21%
10-Year Change 192.53%
Growth Volatility 20.81

British Smaller Companies Vct 2 Plc - Net Assets Trend (2001–2024)

This chart illustrates how British Smaller Companies Vct 2 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 British Smaller Companies Vct 2 Plc (2001–2024)

The table below shows the annual net assets of British Smaller Companies Vct 2 Plc from 2001 to 2024.

Year Net Assets Change
2024-12-31 GBX160.45 Million +18.31%
2023-12-31 GBX135.62 Million +21.23%
2022-12-31 GBX111.87 Million +28.03%
2021-12-31 GBX87.38 Million +23.19%
2020-12-31 GBX70.93 Million -1.94%
2019-12-31 GBX72.33 Million +12.93%
2018-12-31 GBX64.05 Million +8.46%
2017-12-31 GBX59.06 Million +5.25%
2016-12-31 GBX56.11 Million +2.30%
2015-12-31 GBX54.85 Million +39.45%
2014-12-31 GBX39.33 Million +29.14%
2013-12-31 GBX30.46 Million +12.18%
2012-12-31 GBX27.15 Million +69.89%
2011-12-31 GBX15.98 Million +35.11%
2010-12-31 GBX11.83 Million -2.29%
2009-12-31 GBX12.11 Million -5.38%
2008-12-31 GBX12.79 Million -2.71%
2007-12-31 GBX13.15 Million -5.63%
2006-12-31 GBX13.94 Million +8.54%
2005-12-31 GBX12.84 Million +68.81%
2004-12-31 GBX7.61 Million +14.96%
2003-12-31 GBX6.62 Million -7.77%
2002-12-31 GBX7.17 Million +11.36%
2001-12-31 GBX6.44 Million --

Equity Component Analysis

This analysis shows how different components contribute to British Smaller Companies Vct 2 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 grown by 138278.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX38.75 Million 24.15%
Common Stock GBX31.00K 0.02%
Other Comprehensive Income GBX121.67 Million 75.83%
Other Components GBX1.00 0.00%
Total Equity GBX160.45 Million 100.00%

British Smaller Companies Vct 2 Plc Competitors by Market Cap

The table below lists competitors of British Smaller Companies Vct 2 Plc ranked by their market capitalization.

Company Market Cap
Milton Capital PLC
LSE:MII
 		$59.27
HORDS LTD.
GSE:HORDS
 		$59.49
Verianos SE
STU:VROS
 		$59.69
FIRST MUTUAL HOLDINGS LIMITED
XZIM:FML
 		$60.21
Alternaturals Inc
PINK:ANAS
 		$59.19
Caduceus Software Systems Corp
PINK:CSOC
 		$59.16
Araneta Properties Inc
PSE:ARA
 		$59.09
Cardax Inc
PINK:CDXI
 		$59.02

Equity Growth Attribution

This analysis shows how different factors contributed to changes in British Smaller Companies Vct 2 Plc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 135,616,000 to 160,451,000, a change of 24,835,000 (18.3%).
  • Net income of 2,610,000 contributed positively to equity growth.
  • Dividend payments of 7,100,000 reduced retained earnings.
  • Share repurchases of 4,086,000 reduced equity.
  • New share issuances of 34,542,000 increased equity.
  • Other comprehensive income increased equity by 78,600,999.
  • Other factors decreased equity by 79,731,999.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX2.61 Million +1.63%
Dividends Paid GBX7.10 Million -4.43%
Share Repurchases GBX4.09 Million -2.55%
Share Issuances GBX34.54 Million +21.53%
Other Comprehensive Income GBX78.60 Million +48.99%
Other Changes GBX-79.73 Million -49.69%
Total Change GBX- 18.31%

Book Value vs Market Value Analysis

This analysis compares British Smaller Companies Vct 2 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: 87.55x
  • 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 increased from 45.43x to 87.55x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-12-31 GBX1.13 GBX51.50 x
2002-12-31 GBX0.95 GBX51.50 x
2003-12-31 GBX0.85 GBX51.50 x
2004-12-31 GBX0.97 GBX51.50 x
2005-12-31 GBX1.57 GBX51.50 x
2006-12-31 GBX0.83 GBX51.50 x
2007-12-31 GBX0.79 GBX51.50 x
2008-12-31 GBX0.77 GBX51.50 x
2009-12-31 GBX0.73 GBX51.50 x
2010-12-31 GBX0.68 GBX51.50 x
2011-12-31 GBX0.73 GBX51.50 x
2012-12-31 GBX0.76 GBX51.50 x
2013-12-31 GBX0.68 GBX51.50 x
2014-12-31 GBX0.68 GBX51.50 x
2015-12-31 GBX0.66 GBX51.50 x
2016-12-31 GBX0.60 GBX51.50 x
2017-12-31 GBX0.59 GBX51.50 x
2018-12-31 GBX0.60 GBX51.50 x
2019-12-31 GBX0.57 GBX51.50 x
2020-12-31 GBX0.55 GBX51.50 x
2021-12-31 GBX0.63 GBX51.50 x
2022-12-31 GBX0.62 GBX51.50 x
2023-12-31 GBX0.62 GBX51.50 x
2024-12-31 GBX0.59 GBX51.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently British Smaller Companies Vct 2 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): 1.63%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 73.11%
  • • Asset Turnover: 0.02x
  • • Equity Multiplier: 1.01x
  • Recent ROE (1.63%) is below the historical average (4.09%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 0.43% 30.11% 0.01x 1.01x GBX-616.10K
2002 0.07% 22.73% 0.00x 1.00x GBX-712.30K
2003 -13.74% -3366.67% 0.00x 1.00x GBX-1.57 Million
2004 14.20% 74.23% 0.19x 1.01x GBX319.40K
2005 -3.28% 0.00% 0.00x 1.05x GBX-1.71 Million
2006 10.87% 71.67% 0.15x 1.03x GBX121.40K
2007 0.19% 6.04% 0.03x 1.01x GBX-1.29 Million
2008 0.85% 9.40% 0.09x 1.00x GBX-1.17 Million
2009 0.58% 8.34% 0.07x 1.01x GBX-1.14 Million
2010 0.08% 2.28% 0.04x 1.00x GBX-1.17 Million
2011 6.51% 61.68% 0.10x 1.01x GBX-558.20K
2012 3.14% 72.70% 0.04x 1.01x GBX-1.86 Million
2013 7.00% 86.24% 0.08x 1.00x GBX-914.80K
2014 2.94% 74.21% 0.04x 1.01x GBX-2.78 Million
2015 7.53% 75.11% 0.10x 1.01x GBX-1.35 Million
2016 2.52% 75.87% 0.03x 1.01x GBX-4.20 Million
2017 3.50% 82.53% 0.04x 1.00x GBX-3.84 Million
2018 6.95% 91.03% 0.08x 1.00x GBX-1.95 Million
2019 6.27% 90.48% 0.07x 1.00x GBX-2.70 Million
2020 5.99% 87.98% 0.07x 1.00x GBX-2.84 Million
2021 23.34% 98.00% 0.23x 1.05x GBX11.65 Million
2022 5.59% 95.80% 0.06x 1.01x GBX-4.93 Million
2023 4.93% 218.30% 0.02x 1.01x GBX-6.87 Million
2024 1.63% 73.11% 0.02x 1.01x GBX-13.44 Million

Industry Comparison

This section compares British Smaller Companies Vct 2 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
British Smaller Companies Vct 2 Plc (BSC) GBX182.13 Million 0.43% 0.00x $59.25
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