British Smaller Companies Vct Plc

LSE:BSV UK Asset Management
Market Cap
$3.38 Million
GBX27.82 Billion GBX
Market Cap Rank
#50172 Global
#1487 in UK
Share Price
GBX74.50
Change (1 day)
+0.00%
52-Week Range
GBX70.00 - GBX78.00
All Time High
GBX78.00
Categories
Companies in UK Asset Management Banking & Financial
About

British Smaller Companies VCT plc is a venture capital trust specializing in investments in early stage, mid and late venture, later stage, recapitalizations, growing capital-consuming businesses, acquisition funding and business development in mature, VCT qualifying and non-qualifying unquoted and quoted companies listed on alternative investment market and ISDX. It is an evergreen fund. It seek… Read more

British Smaller Companies Vct Plc (BSV) - Net Assets

Latest net assets as of September 2025: GBX283.99 Million GBX

Based on the latest financial reports, British Smaller Companies Vct Plc (BSV) has net assets worth GBX283.99 Million GBX as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX284.29 Million) and total liabilities (GBX297.00K). 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 GBX283.99 Million
% of Total Assets 99.9%
Annual Growth Rate 15.47%
5-Year Change 132.97%
10-Year Change 168.6%
Growth Volatility 31.74

British Smaller Companies Vct Plc - Net Assets Trend (1997–2025)

This chart illustrates how British Smaller Companies 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 British Smaller Companies Vct Plc (1997–2025)

The table below shows the annual net assets of British Smaller Companies Vct Plc from 1997 to 2025.

Year Net Assets Change
2025-03-31 GBX257.11 Million +17.08%
2024-03-31 GBX219.60 Million +39.84%
2023-03-31 GBX157.03 Million -1.57%
2022-03-31 GBX159.53 Million +44.56%
2021-03-31 GBX110.36 Million +24.05%
2020-03-31 GBX88.96 Million +8.46%
2019-03-31 GBX82.02 Million -4.78%
2018-03-31 GBX86.14 Million -2.20%
2017-03-31 GBX88.07 Million -7.99%
2016-03-31 GBX95.72 Million +9.12%
2015-03-31 GBX87.72 Million +40.16%
2014-03-31 GBX62.58 Million +48.69%
2013-03-31 GBX42.09 Million +11.07%
2012-03-31 GBX37.89 Million -7.96%
2011-03-31 GBX41.17 Million +41.93%
2010-03-31 GBX29.01 Million +9.88%
2009-03-31 GBX26.40 Million +0.77%
2008-03-31 GBX26.20 Million +70.18%
2007-03-31 GBX15.39 Million +0.88%
2006-03-31 GBX15.26 Million +16.58%
2005-03-31 GBX13.09 Million +15.31%
2004-03-31 GBX11.35 Million +11.99%
2003-03-31 GBX10.14 Million -5.09%
2002-03-31 GBX10.68 Million -18.38%
2001-03-31 GBX13.09 Million -7.77%
2000-03-31 GBX14.19 Million -9.07%
1999-03-31 GBX15.60 Million +41.91%
1998-03-31 GBX11.00 Million +139.98%
1997-03-31 GBX4.58 Million --

Equity Component Analysis

This analysis shows how different components contribute to British Smaller Companies 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 (March 2025)

Component Amount Percentage
Common Stock GBX35.34 Million 13.74%
Other Components GBX221.77 Million 86.26%
Total Equity GBX257.11 Million 100.00%

British Smaller Companies Vct Plc Competitors by Market Cap

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

Company Market Cap
Sequoia Econ Infrastructure
LSE:SEQI
 		$86.63
Digital Uts Ventures
PINK:DUTV
 		$86.87
BANK INTL INDON -A- - Dusseldorf Stock Exchang
DU:BOZA
 		$87.27
EVEREADY EAST AFRICA LTD
XNAI:EVREADY
 		$87.42
TwentyFour Select Monthly Income Fund Ltd
LSE:SMIF
 		$86.57
LiveChain Inc
PINK:LICH
 		$86.56
Jervois Global Limited
BE:IHS
 		$86.33
Paysafe Ltd. Wt
NYSE:PSFE-WT
 		$86.26

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 219,600,000 to 257,111,000, a change of 37,511,000 (17.1%).
  • Net income of 6,769,000 contributed positively to equity growth.
  • Dividend payments of 15,849,000 reduced retained earnings.
  • Share repurchases of 6,710,000 reduced equity.
  • New share issuances of 54,973,000 increased equity.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX6.77 Million +2.63%
Dividends Paid GBX15.85 Million -6.16%
Share Repurchases GBX6.71 Million -2.61%
Share Issuances GBX54.97 Million +21.38%
Other Changes GBX-1.67 Million -0.65%
Total Change GBX- 17.08%

Book Value vs Market Value Analysis

This analysis compares British Smaller Companies 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: 88.58x
  • 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 80.08x to 88.58x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-03-31 GBX0.93 GBX74.50 x
1998-03-31 GBX1.39 GBX74.50 x
1999-03-31 GBX0.99 GBX74.50 x
2000-03-31 GBX0.90 GBX74.50 x
2001-03-31 GBX0.83 GBX74.50 x
2002-03-31 GBX0.68 GBX74.50 x
2003-03-31 GBX0.65 GBX74.50 x
2004-03-31 GBX0.73 GBX74.50 x
2005-03-31 GBX0.85 GBX74.50 x
2006-03-31 GBX1.02 GBX74.50 x
2007-03-31 GBX0.98 GBX74.50 x
2008-03-31 GBX1.01 GBX74.50 x
2009-03-31 GBX0.86 GBX74.50 x
2010-03-31 GBX0.94 GBX74.50 x
2011-03-31 GBX1.25 GBX74.50 x
2012-03-31 GBX1.04 GBX74.50 x
2013-03-31 GBX1.04 GBX74.50 x
2014-03-31 GBX1.26 GBX74.50 x
2015-03-31 GBX1.30 GBX74.50 x
2016-03-31 GBX1.05 GBX74.50 x
2017-03-31 GBX0.90 GBX74.50 x
2018-03-31 GBX0.79 GBX74.50 x
2019-03-31 GBX0.75 GBX74.50 x
2020-03-31 GBX0.64 GBX74.50 x
2021-03-31 GBX0.80 GBX74.50 x
2022-03-31 GBX1.03 GBX74.50 x
2023-03-31 GBX0.84 GBX74.50 x
2024-03-31 GBX0.90 GBX74.50 x
2025-03-31 GBX0.84 GBX74.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently British Smaller Companies 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): 2.63%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 88.74%
  • • Asset Turnover: 0.03x
  • • Equity Multiplier: 1.00x
  • Recent ROE (2.63%) is below the historical average (4.69%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 2.71% 86.71% 0.03x 1.03x GBX-334.20K
1998 2.46% 346.15% 0.01x 1.09x GBX-829.60K
1999 3.52% 1018.52% 0.00x 1.01x GBX-1.01 Million
2000 3.54% 3137.50% 0.00x 1.02x GBX-916.80K
2001 2.87% 783.33% 0.00x 1.02x GBX-932.60K
2002 3.02% 2153.33% 0.00x 1.02x GBX-745.10K
2003 1.23% 961.54% 0.00x 1.02x GBX-888.70K
2004 -6.65% -3775.00% 0.00x 1.07x GBX-1.89 Million
2005 -0.34% -11.36% 0.03x 1.01x GBX-1.35 Million
2006 14.29% 77.03% 0.18x 1.01x GBX654.00K
2007 7.96% 62.72% 0.13x 1.01x GBX-314.40K
2008 2.18% 18.97% 0.11x 1.01x GBX-2.05 Million
2009 2.11% 43.34% 0.05x 1.00x GBX-2.08 Million
2010 1.88% 10.72% 0.16x 1.06x GBX-2.35 Million
2011 1.50% 51.63% 0.03x 1.02x GBX-3.50 Million
2012 1.78% 49.63% 0.03x 1.05x GBX-3.11 Million
2013 2.67% 49.80% 0.05x 1.01x GBX-3.09 Million
2014 10.43% 94.65% 0.11x 1.02x GBX266.60K
2015 4.61% 63.72% 0.07x 1.01x GBX-4.73 Million
2016 10.87% 95.24% 0.11x 1.01x GBX836.70K
2017 5.14% 89.29% 0.06x 1.05x GBX-4.28 Million
2018 3.91% 86.72% 0.04x 1.01x GBX-5.25 Million
2019 7.81% 92.38% 0.08x 1.00x GBX-1.80 Million
2020 -5.72% 0.00% -0.05x 1.00x GBX-13.99 Million
2021 19.34% 97.63% 0.20x 1.00x GBX10.30 Million
2022 17.72% 98.20% 0.18x 1.00x GBX12.31 Million
2023 7.79% 94.60% 0.08x 1.00x GBX-3.47 Million
2024 4.84% 72.90% 0.07x 1.00x GBX-11.34 Million
2025 2.63% 88.74% 0.03x 1.00x GBX-18.94 Million

Industry Comparison

This section compares British Smaller Companies Vct Plc's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $501,887,200
  • Average return on equity (ROE) among peers: -69.23%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
British Smaller Companies Vct Plc (BSV) GBX283.99 Million 2.71% 0.00x $86.59
3I Infrastructure PLC (3IN) $2.70 Billion 14.94% 0.12x $396.99K
450 PLC (450) $1.30 Million -791.13% 5.03x $1.71K
abrdn Asian Income Fund Limited (AAIF) $311.29 Million 23.00% 0.24x $316.46
Abrdn Asia Focus PLC (AAS) $46.34 Million 0.00% 0.14x $410.40
Albion Technology & General VCT PLC (AATG) $11.90 Million 2.76% 0.01x $80.94
Aberdeen Diversified Income and Growth Trust PLC (ADIG) $418.35 Million 13.37% 0.26x $13.80
Aquila Energy Efficiency Trust PLC (AEET) $97.38 Million -0.64% 0.00x $2.38K
Aquila European Renewables Income PLC (AERI) $417.44 Million 6.38% 0.01x $2.29K
Artemis UK Future Leaders plc (AFL) $195.75 Million 23.96% 0.02x $361.62
AVI Global Trust PLC (AGT) $815.12 Million 15.06% 0.05x $2.92 Million