BLACKROCK FRONTIERS INVESTMENT TRUST PLC

12 THROGMORTON AVENUE, LONDON, EC2N 2DL

Company Number: 07409667
Incorporation date: 15-Oct-2010
Status: Active
Entity type: Public Limited Company

SIC codes:
64301 Activities of investment trusts

SUMMARY

This company is 13.5 years old and is currently active. The company has positive equity (net assets) of USD 306 million which has decreased from the previous year's figure of USD 400.8 million. The latest reported revenue figure is USD 15.6 million which is down -30% on the previous year. The company has 5 active officers (directors or partners) who are or were officers of 40 other companies, 13 (32.5%) 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	Tax	Net Profit GBP
30-Sep-2020	USD	15,631,000	4,000	1,814,000	12,200,000
30-Sep-2019	USD	22,643,000	5,000	1,202,000	19,328,000
30-Sep-2018	USD	22,643,000			19,328,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Share Capital	Premium Reserve	Retained Earnings	Net Assets
30-Sep-2020	USD	1,678,000	7,907,000	7,001,000	2,418,000	165,984,000	10,261,000	305,984,000
30-Sep-2019	USD	6,020,000	17,234,000	9,977,000	2,407,000	164,007,000	16,183,000	400,820,000
30-Sep-2018	USD				2,006,000	95,095,000	15,566,000	356,495,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
30-Sep-2020	USD	0.45%	1,988,000	435,010,545	436,998,545	432,155,545
30-Sep-2019	USD	16.66%	69,313,000	346,737,850	416,050,850	378,384,350

* 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	BLACKROCK INVESTMENT MANAGEMENT (UK) LIMITED	23 Nov 2010	16 Apr 2024			1 - 0
Resigned	John REED	15 Oct 2010	23 Nov 2010			0 - 1

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Hatem Mohamed Galal DOWIDAR	07 Feb 2024		Director	Egyptian	1 - 0	0 (0.0%)
Active	Lucy TAYLOR-SMITH	10 Dec 2021		Director	British	1 - 0	0 (0.0%)
Active	Elisabeth Patricia AIREY	10 Dec 2021		Director	British	3 - 24	13 (48.1%)
Active	Katrina Harriet HART	01 Oct 2019		Director	British	6 - 4	0 (0.0%)
Active	Stephen Frank WHITE	13 Jul 2016		Director	British	4 - 6	3 (30.0%)
Resigned	John Hyde MURRAY	12 Jul 2011	04 Feb 2020	Investment Director	American	2 - 10	5 (41.7%)
Resigned	Sarmad ZOK	08 Feb 2011	06 Feb 2024	Chief Executive Officer	British	0 - 1	0 (0.0%)
Resigned	Lynn Christine RUDDICK	23 Nov 2010	22 Nov 2016	Company Director	British	0 - 2	0 (0.0%)
Resigned	Nicholas Andrew PITTS-TUCKER	23 Nov 2010	02 Feb 2021	Banker	British	0 - 1	0 (0.0%)
Resigned	Audley William TWISTON-DAVIES	23 Nov 2010	06 Feb 2024	Investment Fund Manager	British	0 - 9	0 (0.0%)
Resigned	John Charles REED	15 Oct 2010	23 Nov 2010	Solicitor	British	1 - 7	2 (25.0%)
Resigned	Nicholas HEATHER	15 Oct 2010	23 Nov 2010	Solicitor	British	0 - 1	0 (0.0%)

Number of active directors: 5
Average tenure of active directors: 3.4 years
Average tenure of resigned directors: 7.3 years
Average active director Dissolution Rate: 15.6%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Hatem Mohamed Galal DOWIDAR	Lucy TAYLOR-SMITH	Elisabeth Patricia AIREY	Katrina Harriet HART	Stephen Frank WHITE
TATE & LYLE PUBLIC LIMITED COMPANY (00076535) - Active			✔
ENI ENERGY LIMITED (00176270) - Dissolved			✔
ENI MEP LIMITED (00231611) - Dissolved			✔
COLUMBIA THREADNEEDLE MANAGEMENT LIMITED (00517895) - Active					✔
KEYSTONE POSITIVE CHANGE INVESTMENT TRUST PLC (00538179) - Active				✔
BAILLIE GIFFORD EUROPEAN GROWTH TRUST PLC (01055384) - Active					✔
DIODES ZETEX LIMITED (01378777) - Active			✔
AMEC FOSTER WHEELER LIMITED (01675285) - Active			✔
ENI MHH LIMITED (01820901) - Dissolved			✔
AMEC EXECUTIVE PENSIONS TRUSTEE LIMITED (01889551) - Dissolved			✔
WOOD PENSIONS TRUSTEE LIMITED (01889899) - Active			✔
ENI RESOURCES LIMITED (02161862) - Dissolved			✔
CRUSAID (ENTERPRISES) LIMITED (02293506) - Dissolved			✔
JPMORGAN EUROPEAN DISCOVERY TRUST PLC (02431143) - Active			✔		✔
JPMORGAN UK SMALL CAP GROWTH & INCOME PLC (02515996) - Active				✔
APACHE UK LIMITED (02586435) - Active			✔
CRUSAID (02693725) - Active			✔
HENDERSON EUROTRUST PLC (02718241) - Active - Proposal to Strike off					✔
BROWN ADVISORY US SMALLER COMPANIES PLC (02781968) - Active					✔
ABRDN NEW INDIA INVESTMENT TRUST PLC (02902424) - Active					✔
ENI MOG LIMITED (03211318) - Liquidation			✔
POLAR CAPITAL TECHNOLOGY TRUST PLC (03224867) - Active					✔
MONTANARO ASSET MANAGEMENT LIMITED (03246931) - Active				✔
HARRISON LOVEGROVE & CO. LIMITED (03839485) - Dissolved			✔
UNILEVER UK PENSION FUND TRUSTEES LIMITED (03888847) - Active			✔
GLOBAL SPECIAL OPPORTUNITIES TRUST PLC (04180516) - Dissolved					✔
HLC (US) LIMITED (04400781) - Dissolved			✔
MITON GROUP LIMITED (05160210) - Active				✔
STANDARD CHARTERED CORPORATE FINANCE (CANADA) LIMITED (05306028) - Liquidation			✔
HALSEY INVESTMENT PARTNERS LIMITED (05401679) - Dissolved					✔
STANDARD CHARTERED CORPORATE FINANCE (EURASIA) LIMITED (05543611) - Liquidation			✔
JUPITER FUND MANAGEMENT PLC (06150195) - Active			✔
PREMIER MITON GROUP PLC (06306664) - Active				✔
BLACKROCK FRONTIERS INVESTMENT TRUST PLC (07409667) - Active	✔	✔	✔	✔	✔
POLAR CAPITAL GLOBAL FINANCIALS TRUST PLC (08534332) - Active				✔
AEW UK REIT PLC (09522515) - Active				✔
AEW UK REIT 2015 LIMITED (09524699) - Active				✔
GUINNESS OIL & GAS EXPLORATION TRUST PLC (10583949) - Active				✔
KIRK LOVEGROVE & COMPANY LIMITED (11592953) - Active			✔
DUNEDIN ENTERPRISE INVESTMENT TRUST PLC (SC052844) - Active			✔
ABRDN UK SMALLER COMPANIES GROWTH TRUST PLC (SC145455) - Active			✔

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

no controlling companies

BLACKROCK FRONTIERS 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
BLACKROCK FRONTIERS INVESTMENT 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%	1.7%	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 2024-03-31

	Market Cap GBP	Enterprise Value GBP	PE	EV/Revenue	EV/EBITDA
BLACKROCK FRONTIERS INVESTMENT TRUST PLC	289,200,000		4.9
Closed End Investments ( 204 companies)	121,868,450,000	121,944,345,720	14.9 (median)	13.6 (median)	N/A