Our funds
- Baronsmead Venture Trust
- Baronsmead Second Venture Trust
- Baronsmead VCT 5
- Baronsmead VCT
- Baronsmead VCT 4
We confirm the shares of Baronsmead Venture Trust and Baronsmead Second Venture Trust are 'excluded securities' in accordance with the Financial Conduct Authority's Rules and are not, therefore, subject to the restrictions applicable to the promotion of non mainstream pooled investments.
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This website is maintained by Livingbridge VC LLP, which is the manager of the Baronsmead VCTs. It is a financial promotion which has been made and approved for the purposes of section 21 Financial Services and Markets Act 2000 by Livingbridge VC LLP
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Baronsmead Venture Trust and Baronsmead Second
Venture Trust (the 'VCTs') invest primarily in unquoted, AIM-traded and other
listed companies. Prospective investors should refer to the detailed risk
warnings in the relevant prospectus, but key risks are set out below.
This website is not intended to constitute, and
should not be construed as, investment advice, an investment recommendation or
investment research. All information contained on this website has been
provided to you for information purposes only, may not be relied on for any
purpose and should not be assumed to be complete, accurate, up to date or fit
for a particular purpose.
Certain information contained on this website
may from time to time include information that relates to specified investments
or regulated activity ('Regulated Information'). Where appropriate, such
Regulated Information will be approved as a financial promotion by Gresham
House Asset Management Limited ('Gresham House'), which is authorised and
regulated by the Financial Conduct Authority with financial services register
reference number 682776. Access to, and reliance on, such Regulated Information
is subject to the terms and statements regarding risk contained therein. Unless
explicitly stated to the contrary, no information on this website is intended
as, or should be taken to be, an offer or solicitation with respect to the
purchase or sale of any security or interest or other in any jurisdiction. Any
decision to purchase securities or interests must be based solely on the
information contained in the documents relating thereto, which must be received
and reviewed in full, prior to making any investment decision. Prospective
investors are reminded that the actual performance realised will depend on
numerous factors and circumstances some of which will be specific to the
investor.
In addition to any other risk factors contained
within Regulated Information available on this website, investors should note
that investments referred to on this website place investors’ capital at risk
and could result in a total loss of capital.
To the greatest extent permitted by law,
Gresham House and the members of the Gresham House Group and their affiliates,
agents, service providers and professional advisers assume no liability or
responsibility and owe no duty of care for any consequences of any person
acting or refraining to act in reliance on the information or documents
contained on this website or for any decision based on it.
VCTs are a particular type of investment
company. They were established by the UK Government with the intention of
encouraging investment in smaller, or 'venture', UK companies.
Investment in VCTs is high-risk and for the long-term. Prospective investors
should refer to the detailed risk warnings in the relevant prospectus, but key
risks are set out below.
The past performance of the VCTs is not a guide
to their future performance. The value of a VCT depends on the performance of
the underlying assets. The value of the investment and dividend stream from the
Baronsmead VCTs can rise and fall. Shareholders may get back less than
originally invested, even taking the tax reliefs into account. There can be no
guarantee that investment objectives of any of the VCTs will be achieved.
Investment in smaller companies which are
unquoted, or traded on AIM or ISDX Markets, by its nature, involves a higher
degree of risk than investment in larger companies, including those traded on
the main market. In particular, smaller companies often have limited product
lines, markets or financial resources and may be dependent for their management
on a smaller number of key individuals. In addition, the market for shares in
smaller companies is often less liquid than that for shares in larger
companies, bringing with it potential difficulties in acquiring, valuing and
disposing of such shares.
Investments held by the VCTs may be difficult
to realise. The fact that a share is traded on AIM or PLUS-Markets does not
guarantee its liquidity. The spread between the buying and selling price of
such shares may be wide and thus the price used for valuation may not be
achievable. Any change of governmental, economic, fiscal, monetary or political
policy could materially affect, directly or indirectly, the operation of the
VCTs and/or their ability to achieve or maintain VCT status.
An investment in a VCT is for the long term.
VCT shares are not likely to be easy to sell at full value. Trading in VCT
shares is not particularly active, so shares tend to be valued at a discount to
their net asset value. In other words, if you seek to sell, you may be offered
a price which is less than the full value of the underlying assets. Mechanisms
for the buy-back of shares are explained in the annual reports for the VCTs,
but you should have no expectation that there will be any buy-back or other
opportunity to redeem your interest.
The information on this web site is based on
existing legislation, including taxation legislation. The tax reliefs described
are those currently available. The tax rules or their interpretation in
relation to an investment in the VCTs and/or rates of tax may change during the
life of the VCTs and any such changes can be retrospective. Changes in
legislation concerning VCTs in general, and qualifying holdings and qualifying
trades in particular, may limit the number of new qualifying investment
opportunities and/or reduce the level of returns that would otherwise have been
achievable. The value of tax reliefs depends on the personal circumstances of
the holders of the share in the VCTs, who should consult their own tax advisers
before making any investment.
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