Thames Ventures VCT 1 plc
TV1.L
London Stock Exchange95.50
GBp
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Thames Ventures VCT 1 plc
TV1.L
(London Stock Exchange)
Recent
price
95.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
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- Thames Ventures VCT 1 plc Thames Ventures VCT 1 plc, now operating as Foresight Ventures VCT plc following its name change in November 2024, manages a diversified portfolio of VCT qualifying investments in unquoted growth companies, quoted growth companies on AIM, and yield-focused unquoted holdings; its core offerings include equity investments in deep tech, enterprise software, healthcare, consumer, and fintech sectors such as Cambridge Touch Technologies Ltd for pressure-sensitive touch technology, Inoviv for precision biomarker drug discovery tools, TidalSense Limited for AI-driven respiratory diagnostics, Carbice Corporation Inc for thermal management solutions, and FundingXchange Limited for SME lending insights, alongside quoted positions in companies like Craneware plc and Cohort plc, and yield assets like secured loans via Doneloans Limited and property developments. The company, founded in 1996 and headquartered at The Shard, 32 London Bridge Street, London SE1 9SG, primarily targets early-stage UK and international growth businesses from late seed to Series A, with a portfolio of approximately 90 companies generating returns through capital appreciation, dividends targeting at least 4% of net assets annually, and tax-efficient VCT exemptions for private investors. Foresight Group LLP serves as investment adviser since acquiring Downing's technology ventures division in July 2022, with Downing LLP subcontracting on non-venture portfolios; operations span the UK, US, Israel, and UAE via venture partners. Recent developments include the completion of a merger with Thames Ventures VCT 2 plc on 15 November 2024 via scheme of reconstruction, creating an enlarged entity with net assets of about £121 million, share redesignation, and renewed fundraising authorities up to £10 million offer; a prospectus-supported name change to Foresight Ventures VCT plc; new investments totaling £4.5 million such as £1.4 million in EM Scientific Limited and follow-ons in Maestro Media Limited; exits generating £3.4 million including Imagen Ltd yielding £884,000 realized gain; resolution of custodian IBP Capital Markets special administration with 80% asset return by July 2024 and £0.88 million provision; reinstatement of share buybacks at 5% NAV discount; and portfolio realignments emphasizing deep tech and enterprise software at 75% valuation.