BGF SMALLER COMPANIES IMPACT FUND LIMITED

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

  +67.6%

  £139,000 → £233,000

• Cash

  -96.3%

  £3,919,000 → £146,000

• Net assets

  -6.8%

  £19,513,000 → £18,187,000

• Employees

  —

  Not reported

• Operating profit

  +104.9%

  £103,000 → £211,000

• Profit before tax

  -340.8%

  £547,000 → -£1,317,000

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. The Company has received funding of £20m from BGF Group Plc. As at the date of signing these financial statements the Company has net assets of £16.3m with £0.1m available in cash to meet the future funding needs of the business. The Company's operational costs are met by other members of the BGF Group, and the Directors can manage the level of investment activity in line with the cash available to the Company. Additionally, the nature of the Company's investments is that they are listed securities, and are therefore liquid and realisable if required. These factors will enable the Company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due. Thus, the Directors continue to adopt the going concern basis of accounting in preparing the Annual report and financial statements.”

Significant events

• “The Company did not make any charitable donations or contributions to political parties during the period.”
• “In April 2025 the US government announced tariffs on all goods imported into the US. An initial review of the exposure to US exports was conducted and determined that the current portfolio should not be significantly impacted by the tariffs. As a result, the Board considers any impact on the fair value of investments as at 31 December 2024 to be immaterial. There is still significant uncertainty around how these tariffs will be implemented and what their longer-term impact may be and thus the Board continues to monitor the situation.”

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

Filings

2

last 12 months

Capital events

0

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.