GRESHAM HOUSE RENEWABLE ENERGY VCT 2 PLC

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

Previous name: HAZEL RENEWABLE ENERGY VCT2 PLC (changed on 07-Mar-2019)

Company Number: 07378395
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 27.6 million which has decreased from the previous year's figure of GBP 30.3 million. The latest reported revenue figure is GBP 264 thousand which is up 180% on previous year's figure of GBP 94 thousand. Retained earnings is negative (GBP -639 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 59 other companies, 9 (15.3%) 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 264,000 -338,000
30-Sep-2019 GBP 94,000
30-Sep-2018 GBP 771


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
30-Sep-2020 GBP 54,000 343,000 233,000 3,087,000 42,000 9,734,000 -639,000 27,616,000
30-Sep-2019 GBP 1,336,000 1,641,000 163,000 895,000 42,000 9,734,000 -301,000 30,290,000
30-Sep-2018 GBP 3,038 3,312 113 3,107 40 7,531 118 30,680

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
30-Sep-2019 GBP 99.90% 9,768,429 9,312 9,777,741 4,673,061
* 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 ATERLOW SECRETARIES LIMITED 16 Sep 2010 16 Sep 2010 0 - 1
Resigned Alan Lawrence BANES 16 Sep 2010 28 Sep 2010 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Andrew Peter Harry DONOVAN 07 Dec 2020 Director Irish 3 - 142 (11.8%)
Resigned Giles Anthony CLARK 07 Nov 2017 30 Sep 2022 Non-Executive Director British 4 - 10 (0.0%)
Active Matthew Benedict EVANS 31 Jan 2017 Company Director British 5 - 2612 (38.7%)
Resigned Bozkurt AYDINOGLU 15 Dec 2014 07 Mar 2016 Company Director British 4 - 536 (10.5%)
Resigned Gareth Edward OWEN 31 May 2012 15 Dec 2014 Director British 37 - 5711 (11.7%)
Resigned Alexander Robert HAMBRO 28 Sep 2010 07 Mar 2016 Company Director British 12 - 3111 (25.6%)
Active Christian James Kurt YATES 28 Sep 2010 Director/Investment Manager British 18 - 154 (12.1%)
Resigned Peter Saville WISHER 28 Sep 2010 28 Jul 2017 Consultant British 0 - 163 (18.8%)
Resigned Dunstana Adeshola DAVIES 16 Sep 2010 16 Sep 2010 None British 0 - 1124508 (45.2%)
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 ATERLOW NOMINEES LIMITED 16 Sep 2010 16 Sep 2010 0 - 10 (0.0%)
Number of active directors: 3
Average tenure of active directors: 8.0 years
Average tenure of resigned directors: 2.3 years
Average active director Dissolution Rate: 20.9%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
JL STRATEGIES LIMITED (03076822) - Active
LEXICON PARTNERS LIMITED (03970046) - Dissolved
WELDON CONTRACTS LIMITED (05161803) - Active
ECHO ENERGY PLC (05483127) - Active
HAZEL CAPITAL SERVICES COMPANY LIMITED (06343627) - Liquidation
JOHN LAMB STRATEGIES LIMITED (06451878) - Active
LGT WEALTH MANAGEMENT US LIMITED (06455240) - Active
REMOUNT T/A FUTURE FOR HEROES LTD (06724674) - Active
ROMANGATE LIMITED (06755734) - Active
J L STRATEGIC SOLUTIONS LIMITED (06838201) - Dissolved
DENPROF LIMITED (07076615) - Dissolved
AVENALL LIMITED (07107969) - Active
GRESHAM HOUSE RENEWABLE ENERGY VCT 2 PLC (07378395) - Active
AEE RENEWABLES UK 16 LIMITED (07453123) - Active
AEE RENEWABLES UK 26 LIMITED (07485975) - Active
OSPREY SOLAR LIMITED (08215492) - Liquidation
AEE RENEWABLES UK 37 LIMITED (08273172) - Active
LONGHEDGE RENEWABLES LIMITED (08666213) - Liquidation
CHERIF INVESTMENT PROPERTIES LTD. (08670879) - Dissolved
CHERIF BARNES DEVELOPMENTS LIMITED (08697007) - Active
BOWMORE ASSET MANAGEMENT LIMITED (09051799) - Active
JHG SOLAR LIMITED (09423117) - Dissolved
ARC X-MEDIA LIMITED (09633403) - Active
CHERIF HAMPTON ROW HOLDCO LTD (09857881) - Active
HAMPTON ROW (BARNES) MANAGEMENT LIMITED (10043947) - Active
DONOVAN CAPITAL ADVISORY LIMITED (10078531) - Active
ELM SOLAR ENERGY LIMITED (10283362) - Active
SUNSTONE SOUTH LIMITED (10287409) - Active
MANAGED STORAGE SERVICES (1) LIMITED (10498712) - Active
ECHO ENERGY HOLDINGS (UK) LTD (10756541) - Active
ECHO ENERGY BOLIVIA (HOLD CO 1) UK LTD (10760859) - Active
ECHO ENERGY BOLIVIA (OP CO 1) UK LTD (10761861) - Active
ECHO ENERGY BOLIVIA (HOLD CO 2) UK LTD (10762120) - Active
ECHO ENERGY BOLIVIA (OP CO 2) UK LTD (10763803) - Active
LEYTON CROSS HOLDINGS LIMITED (10819077) - Active
ECHO ENERGY ARGENTINA HOLDINGS LIMITED (11023721) - Active
CAPBAL MALDON LIMITED (11024938) - Active
ECHO ENERGY TAPI AIKE LTD (11029574) - Active
ECHO ENERGY C D AND LLC LTD (11029613) - Active
ECO ENERGY TA OP LTD (11031381) - Active
ECO ENERGY CDL OP LTD (11031406) - Active
AMBERSIDE ALP LIMITED (11041038) - Active
MBE & JE LIMITED (11830537) - Active
WEIRS DROVE DEVELOPMENT LIMITED (12213998) - Active
AWAY STORAGE LIVERPOOL LIMITED (12387966) - Active
CARN NICHOLAS SOLAR LIMITED (12534442) - Active
BICKER FEN SOLAR LIMITED (12620460) - Active
MEDEBRIDGE SOLAR LIMITED (13337825) - Active
EKU ENERGY FAUNE PROJECTS (UK) LIMITED (13361703) - Active
AWAY CHELTENHAM LIMITED (13398632) - Active
AURA SUSTAINABLE CAPITAL INVESTMENTS LTD (13438633) - Active - Proposal to Strike off
AURA RENEWABLES INFRASTRUCTURE TRUST PLC (13503962) - Active - Proposal to Strike off
AWAY HOLDINGS LIMITED (13598007) - Active
CAPBAL (FORFAR) LIMITED (13909630) - Active
CAPBAL (BRACO) LIMITED (13910927) - Active
UNIBAL ENERGY LIMITED (13950168) - Active
ISG RENEWABLES LIMITED (14209213) - Active
AWAY EVESHAM LIMITED (14699562) - Active
LAKE DISTRICT BIOGAS LIMITED (SC491828) - Active
CAPBAL LIMITED (SC519076) - 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 2 PLCORDINARY711
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



no controlling companies

GRESHAM HOUSE RENEWABLE ENERGY VCT 2 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 2 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 2020-05-31


Market Cap GBP Enterprise Value GBP PE EV/Revenue EV/EBITDA
GRESHAM HOUSE RENEWABLE ENERGY VCT 2 PLC 29,170,000
Closed End Investments
( 258 companies)
103,916,270,000 104,074,793,350 7.6
(median)
5.6
(median)
0.4
(median)
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