HERALD INVESTMENT TRUST PLC

10-11 CHARTERHOUSE SQUARE, LONDON, EC1M 6EE

Company Number: 02879728
Incorporation date: 10-Dec-1993
Status: Active
Entity type: Public Limited Company

SIC codes:
64301 Activities of investment trusts





SUMMARY

This company is 30.3 years old and is currently active. The company has positive equity (net assets) of GBP 1.1 billion which has increased from GBP 901.2 million in the previous year. The latest reported revenue figure is GBP 11.7 million which is similar to the previous year's figure of GBP 11.3 million. The company has 6 active officers (directors or partners) who are or were officers of 44 other companies, 11 (25.0%) 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: 30-Jun-2024
Accounts Filed: FULL (30-Jun-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 11,735,000
31-Dec-2018 GBP 11,250,000 -267,000
31-Dec-2017 GBP 10,799,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 88,843,000 90,838,000 1,215,000 16,828,000 73,738,000 1,250,000 1,122,849,000
31-Dec-2018 GBP 68,860,000 961,000 17,225,000 73,738,000 1,219,000 901,154,000
31-Dec-2017 GBP 41,870,000 43,552,000 2,443,000 17,577,000 73,738,000 1,161,000 966,650,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2019 GBP -2.36% -397,000 17,225,000 16,828,000 -61,825,000
31-Dec-2018 GBP -2.04% -352,000 17,577,000 17,225,000 -37,964,000
* 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 Occupation Nationality All apointments
(active/resigned)
Active APEX LISTED COMPANIES SERVICES (UK) LIMITED 01 Dec 2020 29 Mar 2024 20 - 91
Resigned LAW DEBENTURE CORPORATE SERVICES LIMITED 01 Nov 2013 01 Dec 2020 142 - 164
Resigned BAILLIE GIFFORD & CO 01 Sep 2000 01 Nov 2013 4 - 20
Resigned FIRST STATE INVESTMENT MANAGEMENT (UK) LIMITED 01 May 1997 01 Sep 2000 0 - 7
Resigned CAVENDISH ADMINISTRATION LIMITED 10 Dec 1993 01 May 1997 0 - 42

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Priya GUHA MBE 13 Dec 2023 Director British 1 - 00 (0.0%)
Active Andrew Neville JOY 01 Oct 2022 Director British 2 - 00 (0.0%)
Active Henrietta Elizabeth MARSH 01 Sep 2019 Director British 1 - 00 (0.0%)
Active Stephanie Mary EASTMENT 01 Dec 2018 Director British 4 - 11 (20.0%)
Resigned Ian Simon Macgregor RUSSELL 01 Aug 2018 01 Mar 2021 Director British 2 - 7044 (61.1%)
Active James Robert WILL 21 Apr 2015 Company Director British 1 - 217 (31.8%)
Active Karl Stephen STERNBERG 21 Apr 2015 Investment Manager British 5 - 249 (31.0%)
Resigned Thomas Joseph BLACK 01 May 2013 18 Apr 2023 Director British 1 - 2211 (47.8%)
Resigned Stewart Worth NEWTON 06 Jan 2012 21 Apr 2015 Director British 5 - 4128 (60.9%)
Resigned Charles Julian CAZALET 18 Jan 2008 16 Apr 2019 Company Director British 2 - 114 (30.8%)
Resigned Timothy Malise CURTIS 22 Jul 2004 22 Apr 2014 Director British 0 - 2712 (44.4%)
Resigned Douglas Christopher Patrick MCDOUGALL 13 Feb 2002 19 Apr 2016 Director British 0 - 196 (31.6%)
Resigned Clayton Mark BRENDISH 23 Jul 2001 17 Apr 2012 Consultant British 5 - 2710 (31.3%)
Resigned Colin Michael MCCARTHY 11 Jan 1994 14 Apr 2004 Finance Director British 0 - 4226 (61.9%)
Resigned Justin Paul DUKES 11 Jan 1994 13 Apr 2005 Business Consultant British 0 - 65 (83.3%)
Resigned Martin BOASE 10 Jan 1994 01 Sep 2009 Company Director British 0 - 3911 (28.2%)
Resigned Clive Anthony PARRITT 10 Dec 1993 13 Apr 2005 Chartered Accountant British 7 - 3313 (32.5%)
Resigned Timothy George ABELL 10 Dec 1993 17 Apr 2002 Company Director British 0 - 113 (27.3%)
Resigned INSTANT COMPANIES LIMITED 10 Dec 1993 10 Dec 1993 3 - 2792412632 (45.2%)
Resigned SWIFT INCORPORATIONS LIMITED 10 Dec 1993 10 Dec 1993 3 - 8027734119 (42.5%)
Number of active directors: 6
Average tenure of active directors: 4.9 years
Average tenure of resigned directors: 8.5 years
Average active director Dissolution Rate: 13.8%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
JPMORGAN FLEMING INCOME & GROWTH INVESTMENT TRUST PLC (00015740) - Dissolved
MONKS INVESTMENT TRUST PUBLIC LIMITED COMPANY(THE) (00236964) - Active
WHITBREAD PENSION TRUSTEES (00629992) - Active
LOWLAND INVESTMENT COMPANY P L C (00670489) - Active
RAILWAY PENSION INVESTMENTS LIMITED (01491097) - Active
DWS GROUP SERVICES UK LIMITED (01942565) - Active
ABERDEEN FUND MANAGEMENT LIMITED (01942566) - Converted / Closed
DEUTSCHE ALTERNATIVE ASSET MANAGEMENT (UK) LIMITED (02478500) - Active
HERALD INVESTMENT TRUST PLC (02879728) - Active
15 BOLTON GARDENS LIMITED (03631785) - Active
GR (GREENOCK) LIMITED (03822757) - Active - Proposal to Strike off
SIGMA CAPITAL GROUP LIMITED (03942129) - Active
ICOMMS MEDIA GROUP LIMITED (03967770) - Active
SELECTUSONLINE LIMITED (04077163) - Active
CULTURE 24 (04141911) - Active
IMPAX ENVIRONMENTAL MARKETS PLC (04348393) - Active
TOWERS WATSON INVESTMENT MANAGEMENT LIMITED (05534464) - Active
OXIP LIMITED (05775186) - Dissolved
JPMORGAN INCOME & GROWTH INVESTMENT TRUST PLC (05973571) - Liquidation
JUPITER FUND MANAGEMENT PLC (06150195) - Active
HOWARD DE WALDEN ESTATES HOLDINGS LIMITED (06439246) - Active
AVIVA WEALTH HOLDINGS UK LIMITED (06861305) - Active
FRIENDS LIFE HOLDINGS LIMITED (06986155) - Liquidation
WHITBREAD PENSION TRUSTEE DIRECTORS COMPANY LIMITED (07208592) - Active
CLIPSTONE INDUSTRIAL REIT PLC (09046897) - Active
CFE TRADING LTD (11047500) - Active
BUFFETTOLOGY SMALLER COMPANIES INVESTMENT TRUST PLC (12782935) - Active - Proposal to Strike off
HELMOND LIMITED (FC020341) - Active
FRIENDS LIFE GROUP LIMITED (FC031364) - Active
THE SCOTTISH INVESTMENT TRUST PLC (SC001651) - Liquidation
ALLIANCE TRUST PLC (SC001731) - Active
MURRAY INCOME TRUST PLC (SC012725) - Active
BELHAVEN HILL SCHOOL TRUST LIMITED (SC041034) - Active
RBS COLLECTIVE INVESTMENT FUNDS LIMITED (SC046694) - Active
SHEPHERD & WEDDERBURN (NOMINEES) LIMITED (SC093250) - Active
SHEPHERD & CO. LIMITED (SC100146) - Active
SHEPHERD AND WEDDERBURN (EDINBURGH) LIMITED (SC100147) - Active
SHEPHERD & WEDDERBURN (TRUSTEES) LIMITED (SC137531) - Active
CHARLOTTE SECRETARIES LIMITED (SC139876) - Active
FTD LIMITED (SC151261) - Liquidation
SW WEALTH LIMITED (SC258539) - Liquidation
OIP (SCOTLAND) LIMITED (SC298233) - Dissolved
SW WEALTH HOLDINGS LIMITED (SC313954) - Liquidation
NORTHERN LIGHTHOUSE HERITAGE TRUST (SC365775) - Active
MYRESIDE WILLOW LIMITED (SC442395) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



no controlling companies

HERALD INVESTMENT 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
HERALD INVESTMENT TRUST PLC 1.0% 3.9% 7.1% Medium
Other companies Active in the same sector 1.5% 6.7% 18.5% Medium
Age 0.3% 1.3% 2.4% Medium
Company Type 1.7% 4.0% 5.9% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.7% 5.7% 7.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium

VALUATION (BETA)




Valuation ratios as at 2024-02-28


Market Cap GBP Enterprise Value GBP PE EV/Revenue EV/EBITDA
HERALD INVESTMENT TRUST PLC 1,142,430,000 8.5
Closed End Investments
( 209 companies)
118,782,930,000 118,858,825,720 11.0
(median)
10.6
(median)
0.7
(median)
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