26 Sep 2019 16:55
Net Asset Value(s)
Draper Esprit VCT plc (“the Company”)LEI: 2138003I9Q1QPDSQ9Z97Net Asset Value and portfolio26 September 2019
The Company announces that its unaudited Net Asset Value (NAV) as at 31 August 2019 was 56.2p per Ordinary Share.
The investment portfolio and net assets of the Company, as at 31 August 2019, were as follows:
| Cost | Valuation31 August 2019(unaudited) | Valuationmovement in since31 March 2019 | % of portfolioby value | |
| £’000 | £’000 | £’000 | ||
| Ten largest venture capital investments (by value) | ||||
| Fords Packaging Topco Limited | 2,433 | 6,979 | - | 15.42% |
| Access Intelligence plc | 2,886 | 4,539 | (166) | 10.03% |
| Lyalvale Express Limited | 1,915 | 2,570 | - | 5.68% |
| StreetTeam Software Limited | 1,286 | 1,964 | - | 4.34% |
| IESO Digital Health Limited | 1,900 | 1,900 | - | 4.20% |
| Pod Point Holding Limited | 860 | 1,745 | - | 3.86% |
| Push Dr Limited | 1,556 | 1,556 | - | 3.44% |
| Endomagnetics Limited | 912 | 912 | - | 2.02% |
| Fulcrum Utility Services Limited | 386 | 853 | (257) | 1.89% |
| Resolving Limited | 799 | 799 | - | 1.77% |
| 14,933 | 23,817 | (423) | 52.64% | |
| Other venture capital investments | ||||
| Evonetix Limited | 793 | 793 | - | 1.75% |
| IXL PremFina Limited | 756 | 756 | - | 1.67% |
| Crowdcube Limited | 400 | 713 | - | 1.58% |
| Back Office Technology Limited | 700 | 700 | - | 1.55% |
| Roomex UK Limited | 616 | 616 | - | 1.36% |
| Cashfac plc | 260 | 525 | - | 1.16% |
| Apperio Limited | 500 | 500 | - | 1.11% |
| Hadean Supercomputing Limited | 400 | 400 | - | 0.88% |
| AppUx Limited | 326 | 326 | - | 0.72% |
| Light Blue Optics Limited | 311 | 311 | - | 0.69% |
| Macranet Limited | 1,037 | 259 | - | 0.57% |
| Servoca plc | 333 | 120 | - | 0.27% |
| Sift Limited | 125 | 42 | - | 0.09% |
| Location Sciences Group plc (formerly Proxama plc) | 860 | 9 | 2 | 0.02% |
| Kellan Group plc | 657 | 2 | - | - |
| Baldwin & Francis Limited | 1,534 | - | - | - |
| AngloINFO Limited | 3,527 | - | - | - |
| Uvenco UK plc | 1,326 | - | - | - |
| The National Solicitors Network Limited | 501 | - | - | - |
| Ridee Limited | 499 | - | - | - |
| The QSS Group Limited | 268 | - | - | - |
| RB Sport & Leisure Holdings plc | 188 | - | - | - |
| Infoserve Group plc | 128 | - | - | - |
| EDO Consulting Limited (formerly Sift Digital Limited) | 125 | - | - | - |
| 16,170 | 6,072 | 2 | 13.42% | |
| 31,103 | 29,889 | (421) | 66.06% | |
| Cash at bank and in hand | 15,356 | 33.94% | ||
| Total investments | 45,245 | 100.00% |
Unaudited Balance SheetAs at 31 August 2019
| 31 Aug2019 | 31 Mar2019 | ||||||
| £’000 | £’000 | £’000 | £’000 | ||||
| Fixed assets | |||||||
| Investments | 29,889 | 28,678 | |||||
| Current assets | |||||||
| Debtors | 143 | 48 | |||||
| Cash at bank and in hand | 15,356 | 10,455 | |||||
| 15,499 | 10,503 | ||||||
| Creditors: amounts falling due within one year | (209) | (212) | |||||
| Net current assets | 15,290 | 10,291 | |||||
| Net assets | 45,179 | 38,969 | |||||
| Capital and reserves | |||||||
| Called up share capital | 4,022 | 3,436 | |||||
| Capital redemption reserve | 608 | 599 | |||||
| Share premium account | 6,388 | - | |||||
| Merger reserve | 1,828 | 1,828 | |||||
| Special reserve | 22,020 | 22,545 | |||||
| Capital reserve – unrealised | 7,981 | 8,403 | |||||
| Capital reserve – realised | 2,175 | 2,174 | |||||
| Revenue reserve | 157 | (16) | |||||
| Total equity shareholders’ funds | 45,179 | 38,969 | |||||
| Basic and diluted net asset value per share | 56.2p | 56.7p | |||||