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Wright Reports > Company Profile Report > N > New Century Aim VCT PLC

New Century Aim VCT PLC - Company Profile Snapshot

Company Profile: New Century Aim VCT PLC
Ticker: NCA
Exchanges: LON
2009 Sales: 206,000
Major Industry: Financial
Sub Industry: Investment Companies
Country: UNITED KINGDOM
Employees:

Business Description
New Century Aim VCT PLC. The Company's principal activity is that of a Venture Capital Trust. The objective of the company is to achieve long term capital growth through investment in a diversified portfolio of Qualifying Companies primarily quoted on AIM. The Company has been approved by the Inland Revenue as a Venture Capital Trust for the purposes of Section 842AA of the Income and Corporation Taxes Act 1988.Investment management services are provided by M D Barnard & Company Ltd for a fee calculated at 1% per annum (exclusive of VAT) of the net assets of the Company. The agreement is for a minimum period of three years from 24-Mar-2005 terminable by either party at any time thereafter by one year's prior written notice.

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