Baronsmead Venture Trust plc is a tax-efficient venture capital trust, investing in and working alongside some of the very best early stage and growth businesses in the UK, across all market cycles.
Benefits of investing in VCTs with Baronsmead
Baronsmead Venture Trust plc invests in the future of British business while aiming to deliver attractive long-term performance and dividend income for shareholders. Our VCT investment team looks for pioneering businesses that will be at the heart of the future UK economy.
Our broad and diversified portfolio – including a range of technology, healthcare and hospitality businesses – is consistently reviewed and refined, as we seek to find and develop success stories, and support their journeys.
The Baronsmead VCTs have the advantage of access to the experience of the Gresham House network, providing investee businesses with the opportunity to benefit both financially and practically throughout their development.
As a leading specialist alternative asset manager, Gresham House evaluates and manages investments on Baronsmead Venture Trust plc’s behalf, in line with the strategy agreed by the Board.
Our dedicated early stage venture team has extensive expertise in both listed and unquoted investing and they often perform Board or Advisory roles for our larger holdings. The Baronsmead VCTs also significantly benefit from access to the wider Gresham House network, from the sourcing of deals through to operational support and transformative human capital necessary at each stage of growth.
Focusing on sectors, markets and companies with long term structural growth trends, the Baronsmead VCT team utilise their specialist skills and connections to provide both capital and support to take exciting businesses to the next level.
Drawing on our VCT investment team’s extensive entrepreneurial relationships and specialist skills, we inject capital at pivotal times in order to support exciting businesses on their journey.
We have consistently high levels of new deal opportunities being received and this is in no small part down to our extensive early-stage network, which supports both investment appraisal and post-deal value creation.
How to invest
Prospective and current investors can invest in the Baronsmead VCTs by subscribing for shares when the Companies raise VCT funds through new share issuance.
The Baronsmead VCTs have raised over £500m since 1995, with £43m of new shares issued in the last tax year. The minimum subscription amount under the last offer was £3,000. Investors may also buy shares in the VCTs on the secondary market, but without the same VCT tax relief benefits.
Investors can also access more information about the VCT share price and the company through the listed company (ticker: BVT)
To receive information about share offers please sign up using the form below:
Prospective investors should carefully consider the risks associated with this form of investment and seek advice from a qualified financial adviser. Investment in smaller unquoted companies involves a higher degree of risk than investment in larger companies. VCT shares are infrequently traded, so shares are often valued at a discount to their Net Asset Value and may be difficult to realise. Shareholders may be offered a price which is less than the full value of the underlying assets.
Warning to Shareholders
Many companies are aware that their shareholders have received unsolicited phone calls or correspondence concerning investment matters. These are typically from “brokers” based overseas who target UK shareholders offering to sell them what often turn out to be worthless or high risk shares in US or UK investments. They can be very persistent and extremely persuasive. Shareholders are therefore advised to be very wary of any unsolicited advice, offers to buy shares at a discount or offers for free company reports.
Please note that it is very unlikely that either the Company or the Company Registrar, Computershare, would make unsolicited telephone calls to shareholders and that any such calls would relate only to official documentation already circulated to shareholders and never in respect of investment “advice”.
If you are in any doubt about the veracity of an unsolicited phone call, please call either the Company or the Registrar at the
numbers provided below.
If you are offered unsolicited investment advice, discounted shares, a premium price for shares you own, or free company or
research reports, you should take these steps before handing over any money or share certificates:
- Get the name of the person and organisation contacting you.
- Check the FCA Register at www.fca.org.uk/register to ensure they are authorised (or www.fca.org.uk/publication/systems-information/aifmd-small-register.pdf).
- Use the details on the FCA Register to contact the firm.
- Call the FCA Consumer Helpline on 0800 111 6768 (freephone) from 8am to 6pm, Monday to Friday (except public
holidays) and 9am to 1pm, Saturday (from abroad call +44 20 7066 1000) if there are no contact details on the
Register or you are told they are out of date.
- Search the FCA’s list of unauthorised firms and individuals to avoid doing business with.
- REMEMBER: if it sounds too good to be true, it probably is!
If you use an unauthorised firm to buy or sell shares or other investments, you will not have access to the Financial
Ombudsman Service (https://www.financial-ombudsman.org.uk/) or Financial Services Compensation Scheme
(https://www.fscs.org.uk/) if things go wrong.
Report a Scam
If you are approached about a share scam you should tell the FCA using the Share Fraud Reporting Form
(www.fca.org.uk/consumers/report-scam-unauthorised-firm), where you can find out about the latest investment scams.
You can also call the FCA Consumer Helpline on 0800 111 6768.
If you have already paid money (or otherwise dealt with share fraudsters) you should contact ActionFraud on 0300 123 2040 or use the ActionFraud (https://www.actionfraudalert.co.uk/) Online Reporting Tool.
More detailed information on this or similar activity can be found on the FCA website.
Investor Relations queries
Annual General Meeting (AGM)
The Baronsmead Venture Trust plc AGM was held on 16 February 2022 at Saddlers’ Hall, 40 Gutter Lane, London EC2V 6BR.
The Results of AGM announcement has been released on 17 February 2022. The results are listed below.
% of Issued Share Capital voted
To receive and adopt the accounts for the year ended 30 September 2021
To declare a final dividend of 3.5 pence per share
To approve Directors’ Remuneration Report for the year ended 30 September 2021
Re-election of Peter Lawrence
Re-election of Les Gabb
Re-election of Susannah Nicklin
Election of Michael Probin
Election of Fiona Miller Smith
To appoint BDO LLP as the Auditor
Authorise Audit Committee to determine auditor remuneration
Authority to allot shares
Resolution 12 (special resolution)
Disapplication of pre-emption rights
Resolution 13 (special resolution)
Market purchases of own shares
Resolution 14 (special resolution)
General meeting called on not less than 14 clear days’ notice
Resolution 15 (special resolution)
Approval of the Articles of Association
Resolution 16 (special resolution)
Reduction of Company’s share capital by cancelling the entire amount standing to the credit of the Company’s share premium account if such an order is made by the High Court