Description

Albion Development VCT PLC operates as a venture capital trust, specializing in providing both equity and debt financing to privately-held, growing enterprises spanning numerous sectors. The trust deliberately excludes investments in specific industries, including property and securities dealing, insurance, banking, agriculture, and the operation or management of hotels or residential care facilities. Instead, it directs capital towards technology-focused businesses, particularly those in software, computer services, and medical technology. Its portfolio also includes service-based and asset-backed companies, as well as leisure sector firms that own their freehold properties, such as pubs and health clubs. Further investment areas extend to business services, renewable energy, education, and healthcare. The fund's geographic scope is limited to the United Kingdom. Investments are made via shares or other securities, encompassing loans with a minimum maturity period of five years. It's important to note that the trust typically does not acquire a controlling interest in its investee companies. Additionally, an enterprise considered for investment must possess gross assets no greater than £15 million ($17.39 million) immediately prior to funding, and these assets must not exceed £16 million ($18.55 million) directly following the investment.