Proven track record
Maven is one of the most active VCT investors, with 45 new private equity investments completed across the UK regions since April 2017, including 17 since March 2020. Our team has considerable expertise in SME investment, built up over 20 years of backing dynamic private and AIM quoted companies which offer the potential to generate capital gains and support a programme of Shareholder dividends.
History of delivering profitable exits and shareholder returns
We have a track record of working closely with management teams in entrepreneurial businesses to help drive growth and create shareholder value. Since January 2017 we have achieved 15 profitable realisations* of private company investments, delivering total returns of up to 4.5x original cost, including the 2.9x exit from Symphonic Software in November 2020, after an investment period of less than two years.
Creating shareholder value
That track record of realisations has helped the VCTs to deliver positive Shareholder returns over the long term, including dividend payments* – full details of the recent dividend history can be found on each VCT's webpage at www.mavencp.com/migvct3 and www.mavencp.com/migvct4.
*Companies in which one or more of the Maven VCTs were invested. It should be noted that historical returns and dividends are no indication or forecast of likely future realisation activity or investor returns. Not all realisations are profitable, and the quantum and timing of dividend payments from VCTs in general is likely to be less predictable in future, and more closely linked to portfolio realisations to ensure ongoing compliance with the VCT rules – however the Boards of both VCTs recognise the continuing importance of tax-free distributions to Shareholders and remain committed to making dividend payments whenever possible.
Investor tax reliefs
Investment in a VCT offers a number of tax incentives on subscriptions of up to £200,000 by qualifying investors in each tax year:
- Initial tax relief of up to 30%* of the amount invested
- Tax-free dividends
- Exemption from capital gains tax on the disposal of VCT shares.
*Please note that new VCT shares should be held for a minimum of five years in order to retain the upfront income tax relief.