Northern 2 Vct Plc

LSE:NTV UK Asset Management
Market Cap
$1.66 Million
GBX13.63 Billion GBX
Market Cap Rank
#50303 Global
#1515 in UK
Share Price
GBX53.50
Change (1 day)
+0.00%
52-Week Range
GBX53.50 - GBX57.00
All Time High
GBX57.00
Categories
Companies in UK Asset Management Banking & Financial
About

Northern 2 VCT PLC is a venture capital trust specializing in direct and fund of funds investments. It prefer to invest in growth capital investments. Within direct, the fund seeks to invest in middle market, later stage, buyout, mature, and early stage investments. Within fund of funds, it makes private equity fund investments. The fund prefers to invest in unquoted and AIM-quoted companies in t… Read more

Northern 2 Vct Plc (NTV) - Net Assets

Latest net assets as of September 2025: GBX138.41 Million GBX

Based on the latest financial reports, Northern 2 Vct Plc (NTV) has net assets worth GBX138.41 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 (GBX138.59 Million) and total liabilities (GBX185.00K). 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 GBX138.41 Million
% of Total Assets 99.87%
Annual Growth Rate 7.55%
5-Year Change 10.89%
10-Year Change 79.54%
Growth Volatility 19.87

Northern 2 Vct Plc - Net Assets Trend (2000–2025)

This chart illustrates how Northern 2 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 Northern 2 Vct Plc (2000–2025)

The table below shows the annual net assets of Northern 2 Vct Plc from 2000 to 2025.

Year Net Assets Change
2025-03-31 GBX128.08 Million +7.15%
2024-03-31 GBX119.53 Million +9.08%
2023-03-31 GBX109.58 Million +4.50%
2022-03-31 GBX104.85 Million -9.22%
2021-03-31 GBX115.50 Million +55.33%
2020-03-31 GBX74.36 Million -11.60%
2019-03-31 GBX84.11 Million -3.37%
2018-03-31 GBX87.04 Million +21.49%
2017-03-31 GBX71.65 Million +0.43%
2016-03-31 GBX71.34 Million -9.33%
2015-03-31 GBX78.68 Million +2.73%
2014-03-31 GBX76.59 Million +21.87%
2013-03-31 GBX62.84 Million +14.00%
2012-03-31 GBX55.13 Million +20.60%
2011-03-31 GBX45.71 Million +3.08%
2010-01-31 GBX44.35 Million +11.70%
2009-01-31 GBX39.70 Million -9.26%
2008-01-31 GBX43.75 Million +1.97%
2007-01-31 GBX42.91 Million +10.95%
2006-01-31 GBX38.67 Million -3.97%
2005-01-31 GBX40.27 Million -6.85%
2004-01-31 GBX43.23 Million +3.54%
2003-01-31 GBX41.75 Million +2.18%
2002-01-31 GBX40.86 Million +79.23%
2001-01-31 GBX22.80 Million +11.09%
2000-01-31 GBX20.52 Million --

Equity Component Analysis

This analysis shows how different components contribute to Northern 2 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 GBX10.99 Million 8.58%
Other Components GBX117.08 Million 91.42%
Total Equity GBX128.08 Million 100.00%

Northern 2 Vct Plc Competitors by Market Cap

The table below lists competitors of Northern 2 Vct Plc ranked by their market capitalization.

Company Market Cap
Agriterra Limited
LSE:AGTA
 		$61.18
FIRST MUTUAL HOLDINGS LIMITED
XZIM:FML
 		$61.56
Speed Medical
EGX:SPMD
 		$61.62
Stemsation International Inc
PINK:STSN
 		$61.70
NEIMETH INTERNATIONAL PHARMACEUTICAL PLC
XNSA:NEIMETH
 		$60.99
NexTech FAS Technologies Inc
PINK:NXSL
 		$60.81
ALCHEMY RES (45A.SG)
STU:45A
 		$60.68
O.A.T. Inc
PINK:OATN
 		$60.57

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 119,526,000 to 128,078,000, a change of 8,552,000 (7.2%).
  • Net income of 8,366,000 contributed positively to equity growth.
  • Dividend payments of 6,447,000 reduced retained earnings.
  • Share repurchases of 4,211,000 reduced equity.
  • New share issuances of 11,309,000 increased equity.
  • Other comprehensive income decreased equity by 55,199,000.
  • Other factors increased equity by 54,734,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX8.37 Million +6.53%
Dividends Paid GBX6.45 Million -5.03%
Share Repurchases GBX4.21 Million -3.29%
Share Issuances GBX11.31 Million +8.83%
Other Comprehensive Income GBX-55.20 Million -43.1%
Other Changes GBX54.73 Million +42.73%
Total Change GBX- 7.15%

Book Value vs Market Value Analysis

This analysis compares Northern 2 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: 93.24x
  • 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 42.43x to 93.24x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2000-01-31 GBX1.26 GBX53.50 x
2001-01-31 GBX0.96 GBX53.50 x
2002-01-31 GBX1.13 GBX53.50 x
2003-01-31 GBX0.95 GBX53.50 x
2004-01-31 GBX0.96 GBX53.50 x
2005-01-31 GBX0.91 GBX53.50 x
2006-01-31 GBX0.90 GBX53.50 x
2007-01-31 GBX0.89 GBX53.50 x
2008-01-31 GBX0.89 GBX53.50 x
2009-01-31 GBX0.70 GBX53.50 x
2010-01-31 GBX0.78 GBX53.50 x
2011-03-31 GBX0.67 GBX53.50 x
2012-03-31 GBX0.80 GBX53.50 x
2013-03-31 GBX0.89 GBX53.50 x
2014-03-31 GBX0.93 GBX53.50 x
2015-03-31 GBX0.85 GBX53.50 x
2016-03-31 GBX0.77 GBX53.50 x
2017-03-31 GBX0.77 GBX53.50 x
2018-03-31 GBX0.78 GBX53.50 x
2019-03-31 GBX0.64 GBX53.50 x
2020-03-31 GBX0.53 GBX53.50 x
2021-03-31 GBX0.71 GBX53.50 x
2022-03-31 GBX0.65 GBX53.50 x
2023-03-31 GBX0.60 GBX53.50 x
2024-03-31 GBX0.60 GBX53.50 x
2025-03-31 GBX0.57 GBX53.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Northern 2 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): 6.53%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 92.53%
  • • Asset Turnover: 0.07x
  • • Equity Multiplier: 1.00x
  • Recent ROE (6.53%) is above the historical average (4.41%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 2.37% 55.93% 0.04x 1.03x GBX-1.57 Million
2001 3.04% 55.62% 0.05x 1.04x GBX-1.59 Million
2002 2.72% 58.26% 0.05x 1.02x GBX-2.98 Million
2003 2.50% 55.67% 0.04x 1.00x GBX-3.20 Million
2004 2.59% 62.56% 0.04x 1.04x GBX-3.20 Million
2005 2.82% 35.08% 0.08x 1.01x GBX-2.89 Million
2006 3.31% 60.91% 0.05x 1.01x GBX-2.59 Million
2007 2.85% 38.66% 0.07x 1.01x GBX-3.07 Million
2008 2.69% 25.17% 0.10x 1.02x GBX-3.20 Million
2009 3.71% 0.00% 0.00x 1.01x GBX-2.50 Million
2010 2.23% 11.14% 0.20x 1.00x GBX-3.45 Million
2012 2.02% 18.99% 0.10x 1.03x GBX-4.40 Million
2013 11.59% 95.97% 0.12x 1.02x GBX999.60K
2014 9.19% 94.48% 0.10x 1.01x GBX-621.80K
2015 3.97% 87.89% 0.05x 1.00x GBX-4.75 Million
2016 10.31% 95.45% 0.11x 1.01x GBX222.30K
2017 12.02% 95.95% 0.12x 1.07x GBX1.45 Million
2018 1.21% 74.51% 0.02x 1.00x GBX-7.65 Million
2019 5.04% 91.51% 0.05x 1.08x GBX-4.17 Million
2020 -13.21% 0.00% -0.13x 1.00x GBX-17.25 Million
2021 30.66% 98.76% 0.31x 1.02x GBX23.87 Million
2022 0.88% 66.98% 0.01x 1.00x GBX-9.56 Million
2023 -3.16% 0.00% -0.03x 1.00x GBX-14.42 Million
2024 2.38% 51.69% 0.05x 1.00x GBX-9.10 Million
2025 6.53% 92.53% 0.07x 1.00x GBX-4.44 Million

Industry Comparison

This section compares Northern 2 Vct Plc's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $381,578,830
  • Average return on equity (ROE) among peers: 2.08%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Northern 2 Vct Plc (NTV) GBX138.41 Million 2.37% 0.00x $61.03
3I Infrastructure PLC (3IN) $1.25 Billion 6.43% 0.14x $396.99K
450 PLC (450) $5.16 Million -13.53% 0.02x $1.71K
abrdn Asian Income Fund Limited (AAIF) $398.87 Million 2.19% 0.09x $340.47
Abrdn Asia Focus PLC (AAS) $109.83 Million -14.86% 0.05x $438.52
Albion Technology & General VCT PLC (AATG) $72.65 Million 5.77% 0.01x $73.82
Aberdeen Diversified Income and Growth Trust PLC (ADIG) $343.29 Million -4.87% 0.24x $16.84
Aquila Energy Efficiency Trust PLC (AEET) $97.38 Million -0.64% 0.00x $2.38K
Aquila European Renewables Income PLC (AERI) $316.90 Million -0.37% 0.13x $2.47K
Artemis UK Future Leaders plc (AFL) $111.28 Million 27.82% 0.00x $409.33
AVI Global Trust PLC (AGT) $1.11 Billion 12.82% 0.15x $2.81 Million