BAILLIE GIFFORD EUROPEAN GROWTH TRUST PLC

GRIMALDI HOUSE 28 ST JAMES'S SQUARE, ST JAMES'S, LONDON, SW1Y 4JH

Previous name: THE EUROPEAN INVESTMENT TRUST PLC (changed on 02-Dec-2019)
Previous name: FOREIGN & COLONIAL EUROTRUST PLC (changed on 01-Feb-2010)

Company Number: 01055384
Incorporation date: 22-May-1972
Status: Active
Entity type: Public Limited Company

SIC codes:
64301 Activities of investment trusts

SUMMARY

This company is 51.9 years old and is currently active. The company has positive equity (net assets) of GBP 452.6 million which has increased from GBP 373.9 million in the previous year. The latest reported revenue figure is GBP 2.6 million which is down -80% on the previous year. The company has 4 active officers (directors or partners) who are or were officers of 55 other companies, 10 (18.2%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 31-Mar-2025
Accounts Filed: FULL (30-Sep-2023)

P&L Financials:

Year end	Currency	Revenue	Interest Paid
30-Sep-2020	GBP	2,597,000	45,000
30-Sep-2019	GBP	14,523,000	24,000
30-Sep-2018	GBP	13,775,000	11,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Share Capital	Premium Reserve	Retained Earnings	Net Assets
30-Sep-2020	GBP	57,000	2,526,000		10,061,000	123,749,000	6,228,000	452,648,000
30-Sep-2019	GBP	2,301,000	5,030,000	237,000	10,061,000	123,749,000	13,312,000	373,857,000
30-Sep-2018	GBP	63,000	2,240,000	13,414,000	10,314,000	123,749,000	11,917,000	414,319,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
30-Sep-2019	GBP	-2.51%	-253,000	10,314,000	10,061,000	9,005,500

* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Nationality	All apointments (active/resigned)
Active	BAILLIE GIFFORD & CO LIMITED	29 Nov 2019	16 Apr 2024		11 - 0
Resigned	Kenneth John GREIG	01 Feb 2010	29 Nov 2019	British	0 - 1
Resigned	F & C MANAGEMENT LIMITED	01 May 1996	01 Feb 2010		0 - 38
Resigned	F & C MANAGEMENT LIMITED		01 Feb 2010		0 - 38

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	David James BARRON	01 Oct 2023		Director	British	4 - 15	4 (21.1%)
Active	Emma Catherine DAVIES	01 Jan 2021		Investor	English	6 - 13	3 (15.8%)
Resigned	Susan Patricia INGLIS	01 Jan 2019	29 Nov 2019	Director	British	2 - 1	0 (0.0%)
Active	Andrew Keith WATKINS	01 Jan 2019		Director	British	6 - 6	3 (25.0%)
Active	Michael William Miller Reid MACPHEE	01 Jan 2016		Investment. Self Employed	British	6 - 7	4 (30.8%)
Resigned	Michael Trevor, Dr WOODWARD	01 Aug 2013	18 Jan 2024	Director	British	1 - 2	1 (33.3%)
Resigned	William Duncan EASON	16 May 2007	22 Jan 2019	Investment Director	British	3 - 8	2 (18.2%)
Resigned	Michael Bruce MOULE	23 Jan 2004	21 Jan 2021	Company Director	British	0 - 10	3 (30.0%)
Resigned	Philippe Alain SARASIN	10 Nov 2000	16 Dec 2003	Investment Banker	Swiss	0 - 5	4 (80.0%)
Resigned	Douglas Christopher Patrick MCDOUGALL	22 Feb 1999	24 Jan 2017	Investment Manager	British	0 - 19	6 (31.6%)
Resigned	Clemens August Heinrich BORSIG	18 Sep 1998	13 Dec 2007	Business Executive	German	0 - 2	0 (0.0%)
Resigned	David Paget THOMSON	16 Jun 1998	18 Dec 2001	Director Of Companies	British	0 - 12	4 (33.3%)
Resigned	Raphael KANZA	19 Sep 1997	30 Jul 2013	Investment Manager/Analyst	French	3 - 3	1 (16.7%)
Resigned	Pedro SCHWARTZ	22 Feb 1993	15 Dec 2005	University Professor	Spanish	0 - 1	0 (0.0%)
Resigned	Detlef Fritz Ewald BIERBAUM	22 Feb 1993	13 Dec 2007	Banker	German	1 - 2	1 (33.3%)
Resigned	Claude Rene DOUMIC		22 Jun 1996	Retired Head Of Research	French	0 - 1	0 (0.0%)
Resigned	Stephen Frank WHITE		15 Dec 1998	Investment Manager	British	4 - 6	3 (30.0%)
Resigned	Timothy George ABELL		07 May 1999	Company Director	British	0 - 11	3 (27.3%)
Resigned	Wolfgang Otto MEISSNER		31 Dec 1992	Executive Director	British	0 - 1	0 (0.0%)
Resigned	Jean Albert BONNA		10 Nov 2000	Banker	Swiss	0 - 2	1 (50.0%)
Resigned	Eric Carl ELSTOB		28 Oct 2003	Non Executive Director	British	1 - 14	5 (33.3%)
Resigned	Zweder Otto Hubertus Maria VAN HOVELL TOT WESTERFLIER		16 Dec 2004	Retired	Dutch	0 - 1	0 (0.0%)
Resigned	John Antony DICK		16 Dec 2004	Investment Manager	British	1 - 3	2 (50.0%)

Number of active directors: 4
Average tenure of active directors: 4.4 years
Average tenure of resigned directors: 6.2 years
Average active director Dissolution Rate: 23.2%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	David James BARRON	Emma Catherine DAVIES	Andrew Keith WATKINS	Michael William Miller Reid MACPHEE
ARTEMIS ALPHA TRUST PLC (00253644) - Active	✔
BAILLIE GIFFORD EUROPEAN GROWTH TRUST PLC (01055384) - Active	✔	✔	✔	✔
JPMORGAN ASSET MANAGEMENT (UK) LIMITED (01161446) - Active			✔
MITON ASSET MANAGEMENT LIMITED (01949322) - Active	✔
JUPITER ASSET MANAGEMENT LIMITED (02036243) - Active			✔
CONSISTENT UNIT TRUST MANAGEMENT COMPANY LIMITED (02145528) - Active			✔
J.P. MORGAN CORPORATE SERVICES LIMITED (02566991) - Dissolved			✔
FIDELITY JAPAN TRUST PLC (02885584) - Active	✔
SAUNIERE LIMITED (02992408) - Liquidation			✔
ITIT SECURITIES LIMITED (02995360) - Dissolved			✔
PREMIER ASSET MANAGEMENT LIMITED (03104343) - Active			✔
MITON ESOP TRUSTEE LIMITED (03400984) - Active	✔
CHELVERTON UK DIVIDEND TRUST PLC (03749536) - Active			✔
ALPHA SECURITIES TRADING LIMITED (03759568) - Active	✔
10 STANLEY GARDENS LIMITED (03830953) - Active		✔
MITON TRUST MANAGERS LIMITED (04569694) - Active	✔
THE ASSOCIATION OF INVESTMENT COMPANIES (04818187) - Active	✔
MITON GROUP LIMITED (05160210) - Active	✔
PSIGMA ASSET MANAGEMENT LIMITED (05375371) - Dissolved	✔
HENSON NO. 1 LIMITED (05556582) - Dissolved		✔
IQ (SHAREHOLDER GP) LIMITED (05835382) - Active		✔
WELLCOME TRUST RESIDENTIAL 1 LIMITED (06262798) - Active		✔
WELLCOME TRUST RESIDENTIAL 2 LIMITED (06262846) - Active - Proposal to Strike off		✔
PREMIER MITON GROUP PLC (06306664) - Active	✔
SOCIAL STOCK EXCHANGE LIMITED (06312190) - Active		✔
STREET KIDS INTERNATIONAL UK (06617629) - Active		✔
GSTC HEALTH INNOVATIONS LIMITED (06852696) - Active		✔
GSTC PROPERTY INVESTMENTS LIMITED (07369879) - Active		✔
QMK MANAGEMENT LIMITED (07576397) - Active		✔
THE WORK FOUNDATION ALLIANCE LIMITED (07746776) - Active	✔
TRIODOS NEW HORIZONS LIMITED (07829170) - Active		✔
CAR CONNECT LIMITED (08062225) - Dissolved		✔
BLACKROCK SUSTAINABLE AMERICAN INCOME TRUST PLC (08196493) - Active	✔
THE COVENT GARDEN PHYSIOTHERAPY CLINIC LIMITED (08471627) - Active	✔
GOWER PLACE INVESTMENTS LIMITED (08594660) - Active		✔
MITON GROUP SERVICE COMPANY LIMITED (08732051) - Active	✔
FARMCARE TRADING LIMITED (09152445) - Active		✔
IQSA GROUP LIMITED (09889851) - Active		✔
FERNBANK INVESTMENTS UK LIMITED (10471634) - Active				✔
SDV 2025 ZDP PLC (11031268) - Active			✔
ASHOKA INDIA EQUITY INVESTMENT TRUST PLC (11356069) - Active			✔
RIVERSTONE CREDIT OPPORTUNITIES INCOME PLC (11874946) - Active		✔
OCTOPUS FUTURE GENERATIONS VCT PLC (13750143) - Active		✔
DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC (SC000881) - Active	✔
BAILLIE GIFFORD & CO LIMITED (SC069524) - Active				✔
BAILLIE GIFFORD OVERSEAS LIMITED (SC084807) - Active				✔
INTELLI INVESTMENTS LIMITED (SC174605) - Dissolved	✔
INTELLI DEALING COMPANY LIMITED (SC186086) - Dissolved	✔
ARCHANGEL INVESTORS LIMITED (SC209206) - Active				✔
DMWS 504 LIMITED (SC219287) - Dissolved	✔
CT UK HIGH INCOME TRUST PLC (SC314671) - Active			✔
THE HONOURABLE COMPANY OF EDINBURGH GOLFERS (MANAGEMENT) LIMITED (SC317067) - Active				✔
DIDASKO EDUCATION COMPANY LIMITED (SC352872) - Active				✔
FERNBANK INVESTMENTS LIMITED (SC393685) - Active				✔
CARBON RECYCLED ENERGY LIMITED (SC455926) - Active				✔
ARCHANGELS INVESTMENTS LLP (SO305086) - Dissolved				✔

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

no controlling companies

BAILLIE GIFFORD EUROPEAN GROWTH TRUST PLC

no controlled companies

LATE PAYMENTS REPORT

This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 64301 Activities of investment trusts)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
ALLIANCE TRUST PLC	RIVER COURT, 5 WEST VICTORIA DOCK ROAD, DUNDEE, SCOTLAND, DD1 3JT	SC001731	2017-12-31	490,552,000	471,807,000
ELECTRA PRIVATE EQUITY PLC	C/O DWF COMPANY SECRETARIAL SERVICES LIMITED 1 SCOTT PLACE, 2 HARDMAN STREET, MANCHESTER, UNITED KINGDOM, M3 3AA	00303062	2018-09-30	26,000,000	24,000,000
WALSINGHAM CAPITAL LIMITED	66 ST. JAMES'S, 4TH FLOOR, LONDON, ENGLAND, SW1A 1NE	09392397	2017-03-31	8,357,785	0
ANCHORHOLDS LIMITED	118 COLUMBIA AVENUE, LIVINGSTON, WEST LOTHIAN, EH54 6PT	SC468481	2018-03-31	86,377	0	64302-Activities of unit trusts 64304-Activities of open-ended investment companies 69201-Accounting and auditing activities
AURELIUS FINANCE COMPANY LIMITED	6TH FLOOR, 33 GLASSHOUSE STREET, LONDON, ENGLAND, W1B 5DG	10773394	2018-12-31	63,000	0
EDDLESTON INVESTMENT MANAGEMENT LIMITED	5 HOOKFIELD, EPSOM, SURREY, ENGLAND, KT19 8JQ	02100053	2018-12-31	40,124	0
LIFE TENANCY INVESTMENTS LIMITED	18 UPPER MALL, LONDON, UNITED KINGDOM, W6 9TA	10744662	2018-04-30	0	0	64304-Activities of open-ended investment companies 64306-Activities of real estate investment trusts 66300-Fund management activities
SPORT CAPITAL INVESTMENT LIMITED	11 ROSEMONT ROAD, HAMPSTEAD, LONDON, ENGLAND, NW3 6NG	09916500	2018-12-31	0	0
AXLE TOPCO LIMITED	SUITE 11, STONE CROSS PLACE STONE CROSS LANE NORTH, LOWTON, WARRINGTON, ENGLAND, WA3 2SH	10223517	0000-00-00	0	0
BTL FAMILY COMPANY LIMITED	MARLOW WINERY, PUMP LANE NORTH, MARLOW, ENGLAND, SL7 3RD	07875961	0000-00-00	0	0
CALEDONIA INVESTMENTS PLC	CAYZER HOUSE, 30 BUCKINGHAM GATE, LONDON, ENGLAND, SW1E 6NN	00235481	0000-00-00	0	0
DOWNING ONE VCT PLC	THE SHARD, C/O FORESIGHT GROUP, 32 LONDON BRIDGE STREET, LONDON, ENGLAND, SE1 9SG	03150868	0000-00-00	0	0
DUNEDIN ENTERPRISE INVESTMENT TRUST PLC	2ND FLOOR EASTER DALRY HOUSE, 3 DISTILLERY LANE, EDINBURGH, UNITED KINGDOM, EH11 2BD	SC052844	0000-00-00	0	0
FORESIGHT SOLAR & TECHNOLOGY VCT PLC	FORESIGHT GROUP LLP, THE SHARD, 32 LONDON BRIDGE STREET, LONDON, SE1 9SG	07289280	0000-00-00	0	0
HORIZON CAPITAL 2013 GENERAL PARTNER LIMITED	50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, EH3 9WJ	SC426395	0000-00-00	0	0
LAST MILE INFRASTRUCTURE (HOLDINGS) LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11626661	0000-00-00	0	0
LAST MILE INFRASTRUCTURE GROUP LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11534385	0000-00-00	0	0
LAST MILE INFRASTRUCTURE HOLDCO1 LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11614308	0000-00-00	0	0
LAST MILE INFRASTRUCTURE HOLDCO2 LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11616387	0000-00-00	0	0
MIDWINTER CAPITAL LIMITED	1 KING WILLIAM STREET, LONDON, UNITED KINGDOM, EC4N 7AR	11574427	0000-00-00	0	0
SHARVILLE INVESTMENTS LTD	ARGYLE HOUSE 3RD FLOOR, NORTHSIDE, JOEL STREET, NORTHWOOD HILLS, MIDDLESEX, ENGLAND, HA6 1NW	11478733	0000-00-00	0	0	64304-Activities of open-ended investment companies
ST JAMES PARK LIMITED	3 HAWTHORN AVENUE, WILMSLOW, CHESHIRE, ENGLAND, SK9 5BR	11988938	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
BAILLIE GIFFORD EUROPEAN GROWTH TRUST PLC	1.0%	3.6%	7.1%	Medium
Other companies Active in the same sector	1.5%	6.7%	18.5%	Medium


Age	0.4%	1.4%	2.7%	Medium
Company Type	1.7%	4.0%	5.9%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.7%	4.4%	10.6%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium

VALUATION (BETA)

Valuation ratios as at 2024-03-31

	Market Cap GBP	Enterprise Value GBP	PE	EV/Revenue	EV/EBITDA
BAILLIE GIFFORD EUROPEAN GROWTH TRUST PLC	350,980,000		12.7
Closed End Investments ( 204 companies)	121,868,450,000	121,944,345,720	14.9 (median)	13.6 (median)	N/A