STS GLOBAL INCOME & GROWTH TRUST PLC

28 WALKER STREET, EDINBURGH, EH3 7HR

Previous name: SECURITIES TRUST OF SCOTLAND PLC (changed on 05-Jun-2023)
Previous name: NEW SECURITIES TRUST OF SCOTLAND PLC (changed on 23-Jun-2005)

Company Number: SC283272
Incorporation date: 15-Apr-2005
Status: Active
Entity type: Public Limited Company

SIC codes:
64301 Activities of investment trusts

SUMMARY

This company is 19 years old and is currently active. The company has positive equity (net assets) of GBP 170.5 million which has decreased from the previous year's figure of GBP 212.6 million. The latest reported revenue figure is GBP 8.7 million which is up 60% on previous year's figure of GBP 5.5 million. The company has 8 active officers (directors or partners) who are or were officers of 40 other companies, 11 (27.5%) 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: 30-Sep-2024
Accounts Filed: FULL (31-Mar-2023)

P&L Financials:

Year end	Currency	Revenue	Interest Paid	Tax
31-Mar-2020	GBP	8,700,000	205,000	7,807,000
30-Sep-2019	GBP	5,459,000	104,000
31-Mar-2019	GBP	8,539,000	196,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Mar-2020	GBP	5,101,000	8,509,000	11,948,000	1,223,000	30,401,000	2,321,000	170,465,000
30-Sep-2019	GBP	5,486,000	5,975,000	10,429,000		30,040,000	4,609,000	212,620,000
31-Mar-2019	GBP	5,084,000	5,964,000	12,036,000		30,040,000	2,108,000	191,444,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Mar-2020	GBP	100.00%	1,584,000	0	1,584,000	-4,501,500

* 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	Occupation	Nationality	All apointments (active/resigned)
Active	JUNIPER PARTNERS LIMITED	12 Nov 2020	18 Apr 2024			14 - 1
Resigned	MARTIN CURRIE INVESTMENT MANAGEMENT LTD	11 May 2005	12 Nov 2020			0 - 11

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Brigid Ann SUTCLIFFE	28 Mar 2024		Non-Executive Director	British	6 - 5	1 (9.1%)
Active	Bridget Elisabeth GUERIN	28 Mar 2024		Non-Executive Director	British	5 - 12	6 (35.3%)
Active	Gillian Denise ELCOCK	21 Sep 2023		Finance	British	1 - 0	0 (0.0%)
Active	Alexandra Winifred Louise INNES	04 Apr 2022		Non Executive Director And Board Adviser	British,American	4 - 0	0 (0.0%)
Active	Angus George COCKBURN	01 May 2021		Company Director	British	1 - 0	0 (0.0%)
Active	Sarah Louise HARVEY	01 Oct 2018		Company Director	British	2 - 1	1 (33.3%)
Active	John Martin EVANS	01 Feb 2016		Director	British	1 - 9	4 (40.0%)
Active	Mark Jonathan LITTLE	01 Oct 2014		Director	British	4 - 2	1 (16.7%)
Resigned	Angus Gordon LENNOX	01 Nov 2013	04 Jul 2022	None	British	0 - 1	0 (0.0%)
Resigned	Rachel Anne BEAGLES	20 Jul 2010	17 Sep 2019	Director	British	3 - 13	2 (12.5%)
Resigned	Edward Davidson MURRAY	11 May 2005	31 Jul 2015	Chartered Accountant	British	0 - 27	10 (37.0%)
Resigned	Andrew Robertson IRVINE	11 May 2005	21 Jul 2017	Chartered Surveyor	British	2 - 23	10 (40.0%)
Resigned	Michael Neil DONALDSON	11 May 2005	27 Jul 2016	Chief Executive	British	3 - 28	3 (9.7%)
Resigned	Charles Andrew BERRY	11 May 2005	16 Jul 2013	Company Director	British	0 - 61	39 (63.9%)
Resigned	Anita Margaret FREW	11 May 2005	20 Jul 2010	Company Director	British	2 - 26	2 (7.1%)
Resigned	D.W. COMPANY SERVICES LIMITED	15 Apr 2005	11 May 2005			2 - 586	276 (46.9%)
Resigned	D.W. DIRECTOR 1 LIMITED	15 Apr 2005	11 May 2005			0 - 257	134 (52.1%)
Resigned	Michael Buchanan POLSON	15 Apr 2005	11 May 2005	Solicitor	British	0 - 102	56 (54.9%)

Number of active directors: 8
Average tenure of active directors: 3.6 years
Average tenure of resigned directors: 6.5 years
Average active director Dissolution Rate: 16.8%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Brigid Ann SUTCLIFFE	Bridget Elisabeth GUERIN	Gillian Denise ELCOCK	Alexandra Winifred Louise INNES	Angus George COCKBURN	Sarah Louise HARVEY	John Martin EVANS	Mark Jonathan LITTLE
RAYMOND JAMES WEALTH MANAGEMENT LIMITED (00048796) - Active		✔
BEVERLEY RACE COMPANY LIMITED(THE) (00078277) - Active		✔
MAJEDIE INVESTMENTS PLC (00109305) - Active								✔
MUSCULAR DYSTROPHY GROUP OF GREAT BRITAIN AND NORTHERN IRELAND (00705357) - Active	✔
CHARLES STANLEY & CO. LIMITED (01903304) - Active		✔
SCHRODER INVESTMENTS LIMITED (02015527) - Active		✔
WAVERTON INVESTMENT MANAGEMENT LIMITED (02042285) - Active				✔
MATRIX-SECURITIES LIMITED (02083169) - Liquidation		✔
INVESCO PERPETUAL UK SMALLER COMPANIES INVESTMENT TRUST PLC (02129187) - Active		✔
ABRDN EQUITY INCOME TRUST PLC (02648152) - Active								✔
BRE GROUP LIMITED (02704081) - Active	✔
NPL MANAGEMENT LIMITED (02937881) - Active	✔
SCHRODER INCOME GROWTH FUND PLC (03008494) - Active		✔
MATRIX GROUP LIMITED (03309770) - Liquidation		✔
MATRIX MONEY MANAGEMENT LIMITED (03641363) - Liquidation		✔
FORBES KEMLO LTD (03679641) - Active	✔
MOBEUS INCOME & GROWTH VCT PLC (05153931) - Active		✔
STRATEGIC EQUITY CAPITAL PLC (05448627) - Active	✔
MATRIX INCOME & GROWTH 3 VCT PLC (05537979) - Dissolved		✔
CANTAB CAPITAL LTIP LIMITED (07462888) - Active		✔
MEAUJO (764) LIMITED (07466347) - Dissolved		✔
MEAUJO (765) LIMITED (07466395) - Dissolved		✔
WAVERTON INVESTMENT MANAGEMENT GROUP LIMITED (08440808) - Active				✔
SANDITON INVESTMENT TRUST PLC (09040176) - Liquidation								✔
MITON UK MICROCAP TRUST PLC (09511015) - Active		✔
CUSTODIAN REAL ESTATE (DROP HOLDINGS) LIMITED (09511797) - Liquidation							✔
CUSTODIAN REAL ESTATE (DROP) LIMITED (09515513) - Liquidation							✔
THAMES REACH CHARITY (10098652) - Active	✔
VEYFI LTD (11504370) - Dissolved						✔
S L HARVEY CONSULTING LTD (13886113) - Active						✔
DOWLAIS GROUP PLC (14591224) - Active				✔
BLACKROCK SMALLER COMPANIES TRUST PLC (SC006176) - Active								✔
TROY INCOME & GROWTH TRUST PLC (SC111955) - Active	✔	✔
ABERFORTH UNIT TRUST MANAGERS LIMITED (SC124771) - Active							✔
ABERFORTH SGP IA LIMITED (SC214414) - Dissolved							✔
ABERFORTH LGP IA LIMITED (SC214415) - Active							✔
ABERFORTH SGP IB LIMITED (SC215034) - Dissolved							✔
ABERFORTH LGP IB LIMITED (SC215035) - Active							✔
STS GLOBAL INCOME & GROWTH TRUST PLC (SC283272) - Active	✔	✔	✔	✔	✔	✔	✔	✔
CT UK HIGH INCOME TRUST PLC (SC314671) - Active							✔
FULLARTON ML LIMITED (SC486188) - Active								✔

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

no controlling companies

STS GLOBAL INCOME & 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
STS GLOBAL INCOME & GROWTH TRUST PLC	0.9%	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	0.5%	1.8%	3.9%	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
STS GLOBAL INCOME & GROWTH TRUST PLC	309,470,000		9.3
Closed End Investments ( 204 companies)	121,868,450,000	121,944,345,720	14.9 (median)	13.6 (median)	N/A