BRITISH SMALLER COMPANIES VCT2 PLC
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Cash
£64M
+20.2% vs 2024
Net assets
£178M
+11.2% vs 2024
Employees
—
Average over period
Profit before tax
£4.4M
+69.4% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | £2,610,000 | £4,422,000 | +69.4% | |
| Profit before tax | £2,610,000 | £4,422,000 | +69.4% | |
| Net profit | £2,610,000 | — | — | |
| Cash | £53,127,000 | £63,840,000 | +20.2% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £160,451,000 | £178,399,000 | +11.2% | |
| Equity | £160,451,000 | £178,399,000 | +11.2% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | £119,000 | £136,000 | +14.3% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 0.7% | 0.5% | |
| Current ratio | 50.07x | 67.49x |
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.
Name history
Renamed 1 time since incorporation
- BRITISH SMALLER COMPANIES VCT2 PLC 2010-10-22 → present
- BRITISH SMALLER TECHNOLOGY COMPANIES VCT 2 PLC 2000-10-04 → 2010-10-22
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have carefully considered the issue of going concern and are satisfied that the Company has sufficient resources to meet its obligations as they fall due for a period of at least 12 months from the date of this report. As at 31 December 2025, the Company held cash balances and money market funds with a combined value of £63.8 million.”
Group structure
- BRITISH SMALLER COMPANIES VCT2 PLC · parent
- AutomatePro Limited 12%
- EL Support Services Limited 50%
- Force24 Ltd 13%
- Fuuse Limited 10%
- Immunobiology Limited 27%
- Integrum ESG Limited 9%
- KeTech Technology Holdings Limited 12%
- NB Technology Services Limited 50%
- OC Engineering Services Limited 50%
- Outpost VFX Limited 12%
- Panintelligence (via Paninsight Limited) 9%
- Plandek Limited 12%
- Quality Clouds Limited 11%
- Relative Insight Limited 12%
- SH Healthcare Services Limited 50%
- Sipsynergy (via Hosted Network Services Limited) 20%
- Summize Limited 8%
- Tonkotsu Limited 12%
- Unbiased EC1 Limited 13%
- Vuealta Holdings Limited 19%
- Vypr Validation Technologies Limited 15%
- Wooshii Limited 15%
- Workbuzz Analytics Limited 9%
- Xapien (via Digital Insight Technologies Limited) 11%
Significant events
- “In December 2025, portfolio company Teraview successfully completed an oversubscribed listing on the Korean Stock Exchange. The Company subsequently realised 34 per cent of its holding prior to 31 December 2025, receiving proceeds of £1.2 million. The balance of the Company's holding was realised post-year end, in January 2026, generating a further £1.8 million of proceeds.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THE CITY PARTNERSHIP (UK) LIMITED | Corporate Secretary | 2014-12-01 | — | — |
| AHMED, Arif | Director | 2024-06-13 | Aug 1976 | British |
| ANDERSON, Barbara Lawson | Director | 2020-10-01 | Feb 1968 | British |
| MCDOWELL, Roger Steven | Director | 2019-03-06 | May 1955 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GERVASIO, James Ernest Peter | Secretary | 2000-10-04 | 2011-04-01 |
| MACKINTOSH, Clare | Secretary | 2011-04-01 | 2011-08-23 |
| KHM SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2011-08-23 | 2014-11-30 |
| ASHCROFT, John Railton | Director | 2000-11-16 | 2003-10-29 |
| CAMMERMAN, Philip Simon | Director | 2000-10-04 | 2010-09-22 |
| GERVASIO, James Ernest Peter | Director | 2000-10-04 | 2000-11-16 |
| HUGH SMITH, Andrew Colin, Sir | Director | 2000-11-16 | 2007-12-31 |
| LAST, Richard | Director | 2000-11-16 | 2019-05-07 |
| NOAR, Stephen John | Director | 2000-11-16 | 2008-06-30 |
| PETTIGREW, Robert Martin | Director | 2000-11-16 | 2020-12-31 |
| WALLER, Peter Charles | Director | 2010-10-01 | 2024-06-13 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 367 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-09 MA Memorandum articles
- 2025-07-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | SH01 | capital | Capital allotment shares | |
| 2026-04-18 | AA | accounts | Accounts with accounts type full | |
| 2026-02-06 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-20 | SH01 | capital | Capital allotment shares | |
| 2026-01-13 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-18 | AA | accounts | Accounts with accounts type interim | |
| 2025-08-01 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-07-09 | MA | incorporation | Memorandum articles | |
| 2025-07-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-03 | SH01 | capital | Capital allotment shares | |
| 2025-06-09 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-04-03 | SH01 | capital | Capital allotment shares | |
| 2025-04-01 | AA | accounts | Accounts with accounts type full | |
| 2025-02-18 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-02-17 | SH01 | capital | Capital allotment shares | |
| 2025-02-12 | SH01 | capital | Capital allotment shares | |
| 2024-12-12 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-12-12 | CERT18 | capital | Certificate capital reduction issued capital cancellation share premium cancellation capital redemption reserve |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 14
- Officers appointed
- 0
- Officers resigned
- 0
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.