NORTHERN 2 VCT PLC
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Cash
£39m
+3.3% vs 2025
Net assets
£138m
+7.6% highest in 3 filed years
Employees
—
Average over period
Profit before tax
-£1.5m
-118.4% lowest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | £8,366,000 | -£1,536,000 | -118.4% | |
| Profit before tax | £2,848,000 | £8,366,000 | -£1,536,000 | -118.4% | |
| Net profit | — | — | — | — | |
| Cash | £42,999,000 | £38,062,000 | £39,316,000 | +3.3% | |
| Total assets less current liabilities | £119,526,000 | £128,078,000 | £137,797,000 | +7.6% | |
| Net assets | £119,526,000 | £128,078,000 | £137,797,000 | +7.6% | |
| Equity | £119,526,000 | £128,078,000 | £137,797,000 | +7.6% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £114,000 | £140,000 | £134,000 | -4.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Return on capital employed | — | 6.5% | -1.1% | |
| Gearing (liabilities / total assets) | 0.1% | 0.4% | 0.1% | |
| Current ratio | — | 75.01x | — |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Directors performed an assessment of the Company's ability to meet its liabilities as they fall due.”
Significant events
- “During the year the Company purchased for cancellation 11,694,979 of its own shares, representing 5.3% of the called-up share capital at the beginning of the year, for a total consideration of £6,398,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MERCIA COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2022-09-30 | — | — |
| CHAMBERS, Thomas William | Director | 2024-06-19 | Jun 1961 | British |
| GRAVELLS, David Peter Anthony | Director | 2007-07-04 | Aug 1949 | British |
| RAMPARIA, Ranjan Keshavji | Director | 2022-05-27 | Jun 1971 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRYCE, James Kirk | Secretary | 2018-03-31 | 2022-01-01 |
| MELLOR, Christopher David | Secretary | 1999-01-08 | 2018-03-31 |
| VENABLES, Graham | Secretary | 2022-01-01 | 2022-09-30 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1999-01-08 | 1999-01-08 |
| CONN, Alastair Macbeth | Director | 1999-01-08 | 2022-08-10 |
| DENNY, Edward Michael Patrick | Director | 1999-01-08 | 2015-07-14 |
| DEVONSHIRE, Simon | Director | 2017-01-03 | 2026-09-10 |
| FLETCHER, Christopher George Alvan | Director | 1999-01-19 | 2017-07-12 |
| HOLLIDAY, Frederick George Thomas, Professor Sir | Director | 1999-01-19 | 2011-07-19 |
| MCANULTY, Cecilia Ann | Director | 2014-09-18 | 2025-08-06 |
| NEALE, Frank Leslie George | Director | 1999-01-19 | 2023-07-28 |
| WHITE RIDLEY, Matthew, Doctor | Director | 1999-01-19 | 2008-04-30 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1999-01-08 | 1999-01-08 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Director | 1999-01-08 | 1999-01-08 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 610 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-14 RESOLUTIONS Resolution
- 2026-08-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-22 | AA | accounts | Accounts with accounts type full | |
| 2026-09-15 | SH01 | capital | Capital allotment shares | |
| 2026-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-04 | SH07 | capital | Capital cancellation shares by plc | |
| 2026-09-04 | SH03 | capital | Capital return purchase own shares | |
| 2026-09-04 | SH03 | capital | Capital return purchase own shares | |
| 2026-08-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-08-14 | MA | incorporation | Memorandum articles | |
| 2026-07-02 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-07-02 | CERT21 | capital | Certificate capital cancellation share premium account | |
| 2026-07-02 | OC138 | capital | Legacy | |
| 2026-05-13 | SH01 | capital | Capital allotment shares | |
| 2026-04-30 | SH07 | capital | Capital cancellation shares by plc | |
| 2026-04-30 | SH03 | capital | Capital return purchase own shares | |
| 2026-02-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-21 | SH01 | capital | Capital allotment shares | |
| 2026-01-20 | SH07 | capital | Capital cancellation shares by plc | |
| 2026-01-20 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-26 | SH07 | capital | Capital cancellation shares by plc |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 15
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.