British Smaller Companies Vct 2 Plc (BSC) - Net Assets
Based on the latest financial reports, British Smaller Companies Vct 2 Plc (BSC) has net assets worth GBX182.13 Million GBX (≈ $22.16K USD) 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 ≈ $22.22K USD) and total liabilities (GBX515.00K ≈ $62.66 USD). 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. Check BSC cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore BSC current and non-current assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see how much is British Smaller Companies Vct 2 Plc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX160.45 Million ≈ $19.52K |
+18.31% |
| 2023-12-31 | GBX135.62 Million ≈ $16.50K |
+21.23% |
| 2022-12-31 | GBX111.87 Million ≈ $13.61K |
+28.03% |
| 2021-12-31 | GBX87.38 Million ≈ $10.63K |
+23.19% |
| 2020-12-31 | GBX70.93 Million ≈ $8.63K |
-1.94% |
| 2019-12-31 | GBX72.33 Million ≈ $8.80K |
+12.93% |
| 2018-12-31 | GBX64.05 Million ≈ $7.79K |
+8.46% |
| 2017-12-31 | GBX59.06 Million ≈ $7.19K |
+5.25% |
| 2016-12-31 | GBX56.11 Million ≈ $6.83K |
+2.30% |
| 2015-12-31 | GBX54.85 Million ≈ $6.67K |
+39.45% |
| 2014-12-31 | GBX39.33 Million ≈ $4.79K |
+29.14% |
| 2013-12-31 | GBX30.46 Million ≈ $3.71K |
+12.18% |
| 2012-12-31 | GBX27.15 Million ≈ $3.30K |
+69.89% |
| 2011-12-31 | GBX15.98 Million ≈ $1.94K |
+35.11% |
| 2010-12-31 | GBX11.83 Million ≈ $1.44K |
-2.29% |
| 2009-12-31 | GBX12.11 Million ≈ $1.47K |
-5.38% |
| 2008-12-31 | GBX12.79 Million ≈ $1.56K |
-2.71% |
| 2007-12-31 | GBX13.15 Million ≈ $1.60K |
-5.63% |
| 2006-12-31 | GBX13.94 Million ≈ $1.70K |
+8.54% |
| 2005-12-31 | GBX12.84 Million ≈ $1.56K |
+68.81% |
| 2004-12-31 | GBX7.61 Million ≈ $925.43 |
+14.96% |
| 2003-12-31 | GBX6.62 Million ≈ $804.98 |
-7.77% |
| 2002-12-31 | GBX7.17 Million ≈ $872.75 |
+11.36% |
| 2001-12-31 | GBX6.44 Million ≈ $783.68 |
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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 |
|---|---|
|
Afentra PLC
LSE:AET
|
$2.14 Million |
|
Direct Digital Holdings Inc
NASDAQ:DRCT
|
$2.14 Million |
|
Clearside Biomedical Inc
NASDAQ:CLSD
|
$2.15 Million |
|
Qlucore AB
ST:QCORE
|
$2.15 Million |
|
Moab Minerals Ltd
AU:MOM
|
$2.14 Million |
|
Oryx International Growth Fund
LSE:OIG
|
$2.14 Million |
|
MACDONALD MNS EXPL. A
F:3M7
|
$2.14 Million |
|
Solar Alliance Energy Inc
V:SOLR
|
$2.14 Million |
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: 86.70x
- 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 44.99x to 86.70x 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 | GBX51.00 | x |
| 2002-12-31 | GBX0.95 | GBX51.00 | x |
| 2003-12-31 | GBX0.85 | GBX51.00 | x |
| 2004-12-31 | GBX0.97 | GBX51.00 | x |
| 2005-12-31 | GBX1.57 | GBX51.00 | x |
| 2006-12-31 | GBX0.83 | GBX51.00 | x |
| 2007-12-31 | GBX0.79 | GBX51.00 | x |
| 2008-12-31 | GBX0.77 | GBX51.00 | x |
| 2009-12-31 | GBX0.73 | GBX51.00 | x |
| 2010-12-31 | GBX0.68 | GBX51.00 | x |
| 2011-12-31 | GBX0.73 | GBX51.00 | x |
| 2012-12-31 | GBX0.76 | GBX51.00 | x |
| 2013-12-31 | GBX0.68 | GBX51.00 | x |
| 2014-12-31 | GBX0.68 | GBX51.00 | x |
| 2015-12-31 | GBX0.66 | GBX51.00 | x |
| 2016-12-31 | GBX0.60 | GBX51.00 | x |
| 2017-12-31 | GBX0.59 | GBX51.00 | x |
| 2018-12-31 | GBX0.60 | GBX51.00 | x |
| 2019-12-31 | GBX0.57 | GBX51.00 | x |
| 2020-12-31 | GBX0.55 | GBX51.00 | x |
| 2021-12-31 | GBX0.63 | GBX51.00 | x |
| 2022-12-31 | GBX0.62 | GBX51.00 | x |
| 2023-12-31 | GBX0.62 | GBX51.00 | x |
| 2024-12-31 | GBX0.59 | GBX51.00 | 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: $420,069,800
- Average return on equity (ROE) among peers: -11.91%
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 | $2.14 Million |
| 3I Infrastructure PLC (3IN) | $2.27 Billion | 9.87% | 0.01x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $26.93 Million | 2.38% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $123.37 Million | 11.99% | 0.13x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $383.74 Million | 15.87% | 0.12x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $92.02 Million | 11.05% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $250.00 Million | -182.40% | 407.06x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $382.54 Million | 14.91% | 0.21x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $417.44 Million | 6.38% | 0.01x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $158.28 Million | -8.46% | 0.01x | $401.50 |
About British Smaller Companies Vct 2 Plc
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