Maven Income and Growth VCT 5 PLC
Maven Income and Growth VCT 5 aims to achieve long-term capital appreciation and generate income for Shareholders by investing in a diversified portfolio of unquoted UK and AIM companies with growth potential.
Important Information regarding investing in VCTs. Please take the time to read this before proceeding.
Taxation rules and legislation may be subject to change. The value of tax relief depends on personal circumstances.
Past performance of Maven VCTs is not an indication of future performance. The price of VCT shares can fall and rise in value and may be difficult to sell.
Maven VCTs invest in smaller, early stage companies, which can be difficult to value and dispose of.
Maven VCTs aim to pay regular dividends to shareholders but these are not guaranteed.
Maven VCTs are intended for UK taxpayers aged 18 or over with an investment horizon of five or more years and who are able to bear 100% capital loss and with a medium to high risk tolerance. Investors in Maven VCTs will generally be informed investors with either experience in investing in VCTs or with a knowledge and understanding of the risks involved. If you are unsure about the risks of investing in VCTs you should always seek the advice of a regulated financial adviser.
As at 31 August 2022
Net Asset Value
NAV per Ordinary Share
NAV Total Return per Ordinary Share
Dividends paid to date per Ordinary Share
Unlisted and quoted investments
Tax free yield
*The NAV per share shown above will be reduced by the payment of any subsequent dividends (see table below)
**Based on average dividends paid or declared in respect of the past five full financial years (including any exceptional payments) and current NAV, for an assumed investment in new shares benefitting from the current 30% initial tax relief available on investment in new VCT shares (ignoring any initial offer costs).
Current VCT Offers
For the first time in eight years, investors have the opportunity to subscribe for New Shares in all four Maven Income and Growth VCTs, each with a long term track record of delivering positive shareholder returns.
An Early Investment Incentive discount is currently available and applies for valid applications received until 31 January 2023.
Ordinary Shares in Issue
(total voting rights)
176,391,734 at 4 November 2022
Launched - 4 December 2000.
Maven Income and Growth VCT 5 PLC was formerly known as Bluehone AiM VCT2 PLC and AiM VCT2 PLC, and incorporates Bluehone AiM VCT PLC (formerly known as AiM VCT PLC).
Fifth Floor, 1-2 Royal Exchange Buildings, London, EC3V 3LF
26 April 2022
Next Continuation Vote
Live Share Price
NAV Total Return per share
Decisions on distributions take into consideration the availability of surplus revenue, the realisation of capital gains, the adequacy of distributable reserves and the VCT qualifying level, all of which are kept under close and regular review by the Board and the Manager. As the portfolio continues to expand and a greater proportion of holdings are invested in young companies, future distributions will be more closely linked to realisation activity, whilst also reflecting the Company’s requirement to maintain its VCT qualifying level. If larger distributions are required as a consequence of exits, this could result in a corresponding reduction in NAV per share.
Total Dividends Paid or Declared 49.65
Year Ended November
|26 August 2022||Interim||
|4 May 2022||Final||
||26 November||Second Interim||
||10 September||First Interim||
|7 May 2021||Final||
|28 August 2020||Interim||
|1 May 2020||Final||
|30 August 2019||Interim||
|13 April 2018||Interim||
|30 November 2017||Second Interim||
|15 September 2017||First Interim||
2001 - 2016
Top 10 Investments
1. Water Intelligence PLC
Provider of water monitoring products and leak detection and remediation solutions services
Cost £163,000 | Valuation £1,688,000
% of net asset by value 2.6
2. Bright Network (UK) Limited
Media technology platform designed to enable leading employers to reach, identify and recruit good quality graduates and young professionals
Cost £940,000 | Valuation £1,655,000
% of net asset by value 2.5
3. Rockar 2016 Limited (trading as Rockar)
Innovative car retailer
Cost £980,000 | Valuation £1,464,000
% of net asset by value 2.3
4. Relative Insight Limited
Linguistic analysis software platform
Cost £600,000 | Valuation £1,290,000
% of net asset by value 1.9
5. Delio Limited
Designs and builds digital private asset infrastructure for global financial institutions
Cost £648,000 | Valuation £1,276,000
% of net asset by value 1.9
6. Cardinality Limited
Provides high-volume data ingestion, handling and analytics software
Cost £796,000 | Valuation £1,188,000
% of net asset by value 1.8
7. e.fundamentals (Group) Limited
e-commerce analytics software service that provides a platform for tactical and strategic daily use by the internal sales and marketing teams of consumer goods producers
Cost £625,000 | Valuation £1,176,000
% of net asset by value 1.8
8. MirrorWeb Limited
Developer of a cloud-based web and social media archiving solution
Cost £1,000,000 | Valuation £1,176,000
% of net asset by value 1.8
9. Nano Interactive Group Limited
Advertising technology business
Cost £625,000 | Valuation £1,126,000
% of net asset by value 1.7
10. Precursive Limited
Provider of a B2B SaaS platform for automating client on-boarding and workforce capacity management for technology and service businesses
Cost £1,000,000 | Valuation £1,000,000
% of net asset by value 1.5
Board of Directors
Chairman and Independent Director
Graham began his business career with Murray Johnstone Private Equity in 1987, becoming a Director in 1994. He was Corporate Development Director for Avon Rubber PLC from 1998-2001, before returning to private equity with 3i plc. Since 2008, he has operated as an Independent Director and private investor. Graham is a non-executive Director of AIM listed Sutton Harbour Group PLC where he also chairs the Audit Committee and a non-executive Director of Fidelius Financial Holdings Limited.
Gordon has over 30 years’ experience in financial services, particularly with regard to investment trusts. He was an investment director and the head of investment companies at Standard Life Investments, and prior to that joint head of investment trusts at F&C Asset Management. Gordon has an MA (Hons) in Economics and Accountancy from the University of Edinburgh and he joined Ivory & Sime plc in 1988 after qualifying as a chartered accountant with Deloitte Haskins & Sells (now PwC). He is currently a non-executive director of Foresight VCT plc and JPMorgan UK Smaller Companies Investment Trust plc, and has recently been appointed to the Board of the Association of Investment Companies (AIC). He was previously a Member of the Institute of Chartered Accountants of Scotland Audit and Assurance Committee for the period 2005 to 2015.
Charles is chairman of E G Thomson (Holdings) Limited, a private investment company and a non-executive director of Ben Line Agencies Limited. Charles is a Bachelor of Laws and is a member of the Institute of Chartered Accountants of Scotland, having trained with Arthur Young McClelland Moores & Co (now part of EY). He was employed by The British Linen Bank Limited between 1979 and 1997, serving as a main board director from 1991 until 1997, as a director of its corporate finance division from 1986 to 1992 and as managing director of its private equity operations from 1992 to 1997.
Recommendations of non-mainstream investment products
The Company currently conducts its affairs so that the shares issued by it can be recommended by independent financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company’s shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in a venture capital trust and the returns to investors are predominantly based on investments in private companies or publicly quoted securities.
For enquiries about your shareholding please contact the registrar The City Partnership:
Call: 01484 240 910
Lines are open 0900 to 1730, Monday to Friday, excluding public holidays in England and Wales. Calls are charged at the standard geographic rate and will vary by provider. Calls from outside the UK will be charged at the applicable international rate.
The City Partnership
The Mending Rooms
Park Valley Mills
Huddersfield, HD4 7BH
Accessing your Shareholding information online
Alternatively, you can register with City’s online Investor Hub to view your shareholding, including indicative valuation, share certificate details and dividends, as well as changing your personal details and selecting how to receive Shareholder communications. To ‘Register’ a shareholding and create your account you will need to enter your Investor Access Token (found on your welcome email or letter from City, or contact City if you don’t have a token). Once you are registered, simply ‘Login’ each time using the email address and password you provided on registration. If you have shareholdings in multiple Maven VCTs, you will initially need to register each VCT holding as above - however, once you set up a Hub account for one Maven VCT, you can use the ‘Register Access’ option to view all of your Maven VCT shareholdings together.