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Downing Protected VCT III PLC - Company Profile Snapshot
| Company Profile: |
Downing Protected VCT III PLC |
| Ticker: |
DPV3 |
| Exchanges: |
LON |
| 2009 Sales: |
412,000 |
| Major Industry: |
Financial |
| Sub Industry: |
Investment Companies |
| Country: |
UNITED KINGDOM |
| Employees: |
0 |
Business Description
Downing Protected VCT III PLC. The Company's principal activity is that of a Venture Capital Trust. The objectives of the Company are to maintain VCT status to enable shareholders to benefit from 40% income tax relief on investment; reduce the risks normally associated with VCT investments; and target the payment of tax-free cash proceeds of approximately 1 per 60p invested (being 1 less 40p income tax relief) and to put a resolution to the shareholders within six years proposing a winding-up. The Company is an Investment Company within the meaning of Section 266 of the Companies Act 1985. The Company has been approved by the HM Revenue and Customs 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 Downing Protected Managers II Ltd for an annual fee of 1.0% of net assets.
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The following information is available to subscribers or can be accessed by purchasing the Company Profile Report:
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- Address (mailing), Phone Number, Web Address
- Earnings/Dividends
- Employees
- Exchanges Listed
- Financial Ratio Analysis |
- Recent Stock Performance
- Sales (recent year)
- Senior Officers
- Shareholder Information
- Stock Analysis Summary |
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