GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC

THE SCALPEL, 18TH FLOOR, 52 LIME STREET, LONDON, EC3M 7AF

Previous name: HAZEL RENEWABLE ENERGY VCT1 PLC (changed on 07-Mar-2019)

Company Number: 07378392
Incorporation date: 16-Sep-2010
Status: Active
Entity type: Public Limited Company

SIC codes:
64303 Activities of venture and development capital companies





SUMMARY

This company is 13.5 years old and is currently active. The company has positive equity (net assets) of GBP 27.3 million which has decreased from the previous year's figure of GBP 29.9 million. The latest reported revenue figure is GBP 256 thousand which is up 200% on previous year's figure of GBP 86 thousand. Retained earnings is negative (GBP -538 thousand), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 3 active officers (directors or partners) who are or were officers of 24 other companies, 7 (29.2%) 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 Operating profit Interest Received Interest Paid Tax Net Profit GBP
30-Sep-2020 GBP 256,000
30-Sep-2019 GBP 86,000
30-Sep-2018 GBP 766


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
30-Sep-2020 GBP 57,000 287,000 367,000 3,081,000 4,000 954,000 -538,000 27,267,000
30-Sep-2019 GBP 1,046,000 1,319,000 147,000 822,000 44,000 9,541,000 -178,000 29,922,000
30-Sep-2018 GBP 2,497 2,739 130 2,832 39 8,187 233 30,230

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
30-Sep-2020 GBP -1,000.00% -8,627,000 9,489,700 862,700 6,576,200
30-Sep-2019 GBP 99.91% 9,576,774 8,496 9,585,270 4,685,051
* 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 JTC (UK) LIMITED 30 Oct 2019 29 Mar 2024 237 - 168
Resigned Grant Leslie WHITEHOUSE 28 Sep 2010 30 Oct 2019 British 0 - 1
Resigned Alan Lawrence BANES 16 Sep 2010 28 Sep 2010 0 - 1
Resigned ATERLOW SECRETARIES LIMITED 16 Sep 2010 16 Sep 2010 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Giles Anthony CLARK 30 Sep 2022 Non - Executive Director British 4 - 10 (0.0%)
Active David Edgar HUNTER 18 Sep 2019 Director British 3 - 188 (38.1%)
Resigned John Duncan GRIERSON 16 Jul 2018 30 Sep 2022 Director British 0 - 10 (0.0%)
Active Gillian NOTT 01 May 2018 Director British 1 - 00 (0.0%)
Resigned Stuart James KNIGHT 31 Jan 2017 30 Sep 2022 Financial Advisor British 4 - 136 (35.3%)
Resigned Benjamin James Ernest GUEST 28 Sep 2010 07 Mar 2016 Company Director British 25 - 6217 (19.5%)
Resigned Stephen John HAY 28 Sep 2010 30 Apr 2018 None British 5 - 71 (8.3%)
Resigned Harold Michael Clunie, Mr CUNNINGHAM 28 Sep 2010 04 Jul 2017 Director British 2 - 168 (44.4%)
Resigned Anthony Jonathan HUNT 16 Sep 2010 28 Sep 2010 Solicitor British 4 - 4025 (56.8%)
Resigned Alan Lawrence BANES 16 Sep 2010 28 Sep 2010 Solicitor British 6 - 10868 (59.6%)
Resigned Dunstana Adeshola DAVIES 16 Sep 2010 16 Sep 2010 None British 0 - 1124508 (45.2%)
Resigned WATERLOW NOMINEES LIMITED 16 Sep 2010 16 Sep 2010 0 - 10 (0.0%)
Number of active directors: 3
Average tenure of active directors: 4.0 years
Average tenure of resigned directors: 3.3 years
Average active director Dissolution Rate: 12.7%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
3I PLC (00397156) - Active
SHIP MORTGAGE FINANCE COMPANY PUBLIC LIMITED COMPANY (00493234) - Dissolved
3I JAPAN GP LIMITED (00894864) - Dissolved
AGE UK TRADING CIC (01102972) - Active
3I ASSET MANAGEMENT LIMITED (01629911) - Dissolved
UCL BUSINESS LTD (02776963) - Active
DRAPERS NOMINEES LIMITED (02913394) - Dissolved
3I GENERAL PARTNER LIMITED (02913422) - Dissolved
3I NOMINEES LIMITED (02916955) - Active
3I 96 PARTNERS NOMINEES LIMITED (03172468) - Active
3I GENERAL PARTNER NO 1 LIMITED (03238605) - Active
3I SMALLER MBO NOMINEES LIMITED (03329885) - Dissolved
MEDIA METRICA LTD (04614230) - Liquidation
EXTREME COOL LIMITED (05330117) - Active
BARONSMEAD VCT 5 PLC (05689280) - Liquidation
NESTA PARTNERS LIMITED (06618114) - Active
AGE UK (06825798) - Active
GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC (07378392) - Active
GRESHAM HOUSE RENEWABLE ENERGY VCT 2 PLC (07378395) - Active
BIG SOCIETY CAPITAL LIMITED (07599565) - Active
PARAGON TREASURY PLC (09288564) - Active
NATIONAL ENERGY HOLDINGS LIMITED (11703451) - Active
TELKES CLEAN ENERGY LIMITED (14911396) - Active
TELKES LIMITED (14911397) - Active
ETOURISM LIMITED (SC226890) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2020-12-28
GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLCORDINARY711
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



no controlling companies

GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC

Controlled companies below

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: 64303 Activities of venture and development capital companies)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
IK INVESTMENT PARTNERS LIMITED 80 STRAND, LONDON, ENGLAND, WC2R 0DT 02763049 2017-12-31 63,830,449 16,095,258
COMMITTED CAPITAL FINANCIAL SERVICES LIMITED 148-150 BUCKINGHAM PALACE ROAD, LONDON, ENGLAND, SW1W 9TR 03810820 2017-06-30 669,165 0 66300-Fund management activities
CONDUIT VENTURES GENERAL PARTNER II LIMITED 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW 06028941 2017-12-31 440,931 0
CONDUIT VENTURES LIMITED 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW 04293385 2017-12-31 440,931 0
CONDUIT VENTURES (GENERAL PARTNER) LIMITED 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW 04577544 2017-12-31 424,954 0
EEP ADVISERS LIMITED CITY POINT, 1 ROPEMAKER STREET, LONDON, EC2Y 9HT 03628367 2017-12-31 295,000 0
ADT CAPITAL LTD 33 ST. JAMES'S STREET, C/O ARLINGTON CAPITAL, 4TH FLOOR, LONDON, ENGLAND, SW1A 1HD 08632356 2018-07-31 204,945 0
SPRINGHILL MANAGEMENT LIMITED 12 CHANTRY QUARRY, GUILDFORD, ENGLAND, GU1 3AF 04344472 2018-12-31 72,179 0
ZENRON CAPITAL LTD 7 WHITECHAPEL ROAD, OFFICE 410, LONDON, ENGLAND, E1 1DU 08440118 2018-03-31 66,135 0 70221-Financial management
70229-Management consultancy activities other than financial management
3DI GROUP LTD 17 SHALLOCH PARK, AYR, SCOTLAND, KA7 4HL SC400945 2018-06-30 32,020 0
BIG BEN VENTURE PARTNERS LTD. 58 GUIBAL ROAD, LONDON, ENGLAND, SE12 9LZ 10397249 2018-09-30 26,229 0 64999-Financial intermediation not elsewhere classified
ANGELS NOMINEES LIMITED IVY COTTAGE FARM, LYNDHURST ROAD MINSTEAD, LYNDHURST, HAMPSHIRE, SO43 7FY 04198772 2018-04-30 17,068 0
CHORLTON CAPITAL LIMITED THE GEORGIAN HOUSE, NIZELS LANE, HILDENBOROUGH, KENT, TN11 8NU 04486244 2018-06-30 14,800 0
NEWFLEX INVESTMENTS LIMITED 7 BELL YARD, LONDON, ENGLAND, UNITED KINGDOM, WC2A 2JR 08791193 2016-11-30 14,215 0
ELIXIUM SOCIAL MARKETING LTD 15 EDWARDS WAY, MARPLE, STOCKPORT, UNITED KINGDOM, SK6 7PX 09529313 2019-04-30 11,470 0
MARTTILA LIMITED 69 GREAT HAMPTON STREET, BIRMINGHAM, B18 6EW 05945153 2018-12-31 10,720 0 70229-Management consultancy activities other than financial management
74909-Other professional, scientific and technical activities not elsewhere classified
DECACORN CAPITAL LIMITED 18 PANORAMIC, 152 GROSVENOR ROAD, LONDON, SW1V 3JL 09737195 2018-08-31 3,600 0
WOODBURY CAPITAL LIMITED 20 GREAT SOUTHSEA STREET, GREAT SOUTHSEA STREET, SOUTHSEA, HAMPSHIRE, ENGLAND, PO5 3BY 08818767 2017-12-31 2,843 0
FOUNDATION CAPITAL LIMITED 114 BANKSIDE LOFTS, 65 HOPTON STREET, LONDON, ENGLAND, SE1 9JL 04879694 2018-08-31 0 0
ALVARIUM RE LIMITED LEVEL 5 NOVA NORTH, 11 BRESSENDEN PLACE, LONDON, ENGLAND, SW1E 5BY 06931299 0000-00-00 0 0
AUGUST EQUITY MANAGEMENT LIMITED 10 SLINGSBY PLACE, ST. MARTIN'S COURTYARD, LONDON, WC2E 9AB 04261261 0000-00-00 0 0
AUGUST EQUITY PARTNERS IV GP LIMITED 10 SLINGSBY PLACE, LONDON, UNITED KINGDOM, WC2E 9AB 10033090 0000-00-00 0 0
BGF NOMINEES LIMITED 13-15 YORK BUILDINGS, LONDON, ENGLAND, WC2N 6JU 10007355 0000-00-00 0 0
BRIDGES FUND MANAGEMENT LIMITED 38 SEYMOUR STREET, LONDON, UNITED KINGDOM, W1H 7BP 10401079 0000-00-00 0 0
BUSINESS GROWTH FUND LIMITED 13-15 YORK BUILDINGS, LONDON, ENGLAND, WC2N 6JU 07514847 0000-00-00 0 0
DRAPER ESPRIT PLC 20 GARRICK STREET, LONDON, ENGLAND, WC2E 9BT 09799594 0000-00-00 0 0
ENTERPRISE VENTURES GROUP LIMITED UNIT F26 PRESTON TECHNOLOGY, MANAGEMENT CENTRE, MARSH LANE PRESTON, LANCASHIRE, PR1 8UQ 04161494 0000-00-00 0 0
ENTERPRISE VENTURES LIMITED PRESTON TECHNOLOGY MANAGEMENT, CENTRE MARSH LANE, PRESTON, LANCASHIRE, PR1 8UQ 03249066 0000-00-00 0 0
MANAGEMENT OPPORTUNITIES LIMITED 50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, SCOTLAND, EH3 9WJ SC118578 0000-00-00 0 0
MERCIA ASSET MANAGEMENT PLC FORWARD HOUSE, 17 HIGH STREET, HENLEY IN ARDEN, WARWICKSHIRE, B95 5AA 09223445 0000-00-00 0 0
NORTHEDGE CAPITAL NOMINEE LIMITED 13TH FLOOR, NUMBER ONE SPINNINGFIELDS 1 HARDMAN SQUARE, SPINNINGFIELDS, MANCHESTER, ENGLAND, M3 3EB 10213372 0000-00-00 0 0
SEP EEF GENERAL PARTNER LIMITED 17 BLYTHSWOOD SQUARE, GLASGOW, LANARKSHIRE, G2 4AD SC412355 0000-00-00 0 0
SEP VENTURES LIMITED 17 BLYTHSWOOD SQUARE, GLASGOW, LANARKSHIRE, G2 4AD SC189451 0000-00-00 0 0
TARGET TOPCO LIMITED TARGET HOUSE, COWBRIDGE ROAD EAST, CARDIFF, S GLAMORGAN, CF11 9AU 07956530 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
GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC 1.3% 3.7% 7.4% Medium
Other companies Active in the same sector 1.6% 5.7% 11.5% Medium
Expanded sample1.0%3.6%4.6%Low
Age 0.4% 1.7% 3.3% 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 2023-09-30


Market Cap GBP Enterprise Value GBP PE EV/Revenue EV/EBITDA
GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC 19,810,000
Closed End Investments
( 218 companies)
114,421,030,000 114,458,805,020 10.8
(median)
8.4
(median)
0.7
(median)
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