NIPPON ACTIVE VALUE FUND 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

  +24.7%

  £9,132,000 → £11,389,000

• Cash

  -50%

  £19,889,000 → £9,947,000

• Net assets

  +17.8%

  £365,442,000 → £430,619,000

• Employees

  —

  Not reported

• Operating profit

  +31.9%

  £7,103,000 → £9,370,000

• Profit before tax

  +31.2%

  £7,103,000 → £9,319,000

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. NIPPON ACTIVE VALUE FUND PLC 2019-11-15 → present
2. NAVF PLC 2019-10-22 → 2019-11-15

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have adopted the going concern basis in preparing the financial statements. The Directors do not foresee any immediate material risk to the Company's investment portfolio, however, a prolonged and deep market decline could lead to falling values in the underlying business or interruptions to cash flow. The following is a summary of the Directors' assessment of the going concern status of the Company.”

Significant events

• “During the year, the Board approved an interim dividend of 3.25p per Ordinary Share, which was paid to shareholders on 23 May 2025.”
• “At the Company's Annual General Meeting ("AGM") held in June 2025, shareholders voted overwhelmingly in favour of the continuation of the Company, with 99.99% of votes cast supporting the resolution.”
• “Mr Noel Lamb resigned from the Board on 5 June 2025, reducing the Board's size to six.”
• “On 10 September 2025, the Company's block listing application for 15,000,000 Ordinary Shares with a par value of 1p each was approved. During the year to 31 December 2025, 3,373,282 Ordinary Shares were issued with aggregate proceeds of £7,256,000.”
• “On 17 December 2025, the Company announced participation in a successful tender offer for Hogy Medical, led by Carlyle as outlined further on page 25. NAVF and co-investors agreed to tender their 27.58% stake, including NAVF's 8.58% holding.”
• “On 5 February 2026, a General Meeting was held at which shareholders approved the cancellation of the Company's share premium account, which stood at £239,056,149 as at 16 January 2026. The resolution was passed with 99.98% of votes cast in favour and the cancellation became effective on 12 March 2026.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

15

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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