BRITISH SMALLER COMPANIES VCT2 PLC

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +20.2%

  £53,127,000 → £63,840,000

• Net assets

  +11.2%

  £160,451,000 → £178,399,000

• Employees

  —

  Not reported

• Operating profit

  +69.4%

  £2,610,000 → £4,422,000

• Profit before tax

  +69.4%

  £2,610,000 → £4,422,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. 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.

1. BRITISH SMALLER COMPANIES VCT2 PLC 2010-10-22 → present
2. BRITISH SMALLER TECHNOLOGY COMPANIES VCT 2 PLC 2000-10-04 → 2010-10-22

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

1. BRITISH SMALLER COMPANIES VCT2 PLC · parent
   1. AutomatePro Limited 0.12% · Cloud & DevOps
   2. EL Support Services Limited 0.5% · Investment Company
   3. Force24 Ltd 0.13% · Application Software
   4. Fuuse Limited 0.1% · Application Software
   5. Immunobiology Limited 0.27% · Lifesciences
   6. Integrum ESG Limited 0.09% · Data
   7. KeTech Technology Holdings Limited 0.12% · Tech-enabled Services
   8. NB Technology Services Limited 0.5% · Investment Company
   9. OC Engineering Services Limited 0.5% · Investment Company
   10. Outpost VFX Limited 0.12% · New Media
   11. Panintelligence (via Paninsight Limited) 0.09% · Data
   12. Plandek Limited 0.12% · Cloud & DevOps
   13. Quality Clouds Limited 0.11% · Cloud & DevOps
   14. Relative Insight Limited 0.12% · Tech-enabled Services
   15. SH Healthcare Services Limited 0.5% · Investment Company
   16. Sipsynergy (via Hosted Network Services Limited) 0.2% · Cloud & DevOps
   17. Summize Limited 0.08% · Application Software
   18. Tonkotsu Limited 0.12% · Retail & Brands
   19. Unbiased EC1 Limited 0.13% · Tech-enabled Services
   20. Vuealta Holdings Limited 0.19% · Tech-enabled Services
   21. Vypr Validation Technologies Limited 0.15% · Tech-enabled Services
   22. Wooshii Limited 0.15% · New Media
   23. Workbuzz Analytics Limited 0.09% · Application Software
   24. Xapien (via Digital Insight Technologies Limited) 0.11% · Application Software

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

Filings

13

last 12 months

Capital events

14

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.