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.
Maven shareholders and new investors have the opportunity to invest in joint Offers from two established Maven VCTs. The Offers provide immediate access to an existing portfolio of private and AIM quoted companies, whilst allowing investors to benefit from generous tax incentives. Early investment incentives are currently available.
As at 31 August 2021
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 in 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).
Ordinary Shares in Issue
(total voting rights)
176,361,696 at 26 November 2021
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
27 April 2021
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 45.65
Year Ended November
|26 November||Second 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. Ideagen PLC
Supplier of information management solutions to the aviation, life sciences, healthcare and banking and finance industries
Cost £131,000 | Valuation £4,589,000
% of net asset by value 6.8
2. Water Intelligence PLC
Provider of water monitoring products and leak detection and remediation services
Cost £202,000 | Valuation £2,449,000
% of net asset by value 3.6
3. Life's Great Group Limited (trading as Mojo Mortgages)
Online mortgage broker
Cost £820,000 | Valuation £1,380,000
% of net asset by value 2.1
4. Relative Insight Limited
Linguistic analysis software platform
Cost £600,000 | Valuation £1,080,000
% of net asset by value 1.7
5. Rockar 2016 Limited (trading as Rockar)
Innovative car retailer
Cost £980,000 | Valuation £1,072,000
% of net asset by value 1.7
6. Horizon Ceremonies Limited (formerly Horizon Cremation Limited)
Develops, operates and owns purpose built crematoria across the UK
Cost £660,000 | Valuation £990,000
% of net asset by value 1.6
7. 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 £971,000
% of net asset by value 1.5
8. The GP Service (UK) Limited
Online services for general medical consultations and prescriptions
Cost £860,000 | Valuation £892,000
% of net asset by value 1.4
9. 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 £500,000 | Valuation £805,000
% of net asset by value 1.2
10. Horizon Technologies Consultants Limited
Signals intelligence company providing airborne satellite phone monitoring systems for Intelligence, Surveillance and Reconnaissance applications
Cost £796,000 | Valuation £796,000
% of net asset by value 1.2
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 currently chairs Westfield Medical Limited. He 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 director of Foresight VCT plc and JPMorgan Smaller Companies Investment Trust plc, and was previously a Member of the Institute of Chartered Accountants of Scotland Audit and Assurance Committee for the period 2005 to 2015.
Charles is chief executive of E G Thomson (Holdings) Limited, a private investment company. He is also a non-executive director of Ben Line Agencies Limited, and his former directorships include Exakt Precision Tools Limited and Minoan Group Plc. 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
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