The Company's largest investments at 31 March 2017 were:

Company Geography Sector Book Value £'000 % of Net Asset Value
Quoted investments
Weatherford international US Energy 3.5 5.2%
Gresham House UK Financial 2.7 4%
Unquoted investments
Medhost Inc US Technology 9.7 14.4%
365iTMS logo UK Technology 4.2 6.2%
Elateral UK Technology 3.9 5.8%
Entuity UK Technology 3.0 4.4%
Fund investments
San Francisco Equity Partners
Penguin Computing US Technology 10 14.8%
Yes To, Inc US Consumer 8.3 12.3%
Others
Brockton Capital UK Property 6.0 8.9%
Opus Capital Venture Partners US Technology 4.3 6.4%
Eden Venture Partners UK Technology 2.2 4.4%
*Holding sold in April 2017  

Basis of valuation

  • Quoted investments - bid price of security quoted on relevant securities exchange;
  • Unquoted investments - multiple of revenues or earnings of comparable quoted companies with appropriate discounts for marketability;
  • Fund investments - based on amounts reported by the general partner unless the reported value is not in line with the Company's valuation policy.