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Downing Protected VCT V PLC - Company Profile Snapshot
| Company Profile: |
Downing Protected VCT V PLC |
| Ticker: |
DPV5 |
| Exchanges: |
LON |
| 2008 Sales: |
1,235,000 |
| Major Industry: |
Financial |
| Sub Industry: |
Investment Companies |
| Country: |
UNITED KINGDOM |
| Employees: |
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Business Description
Downing Protected VCT V PLC. The Group's principal activity is that of a Venture Capital Trust . The objectives of the Group 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 a tax-free return to shareholders of 10% per annum (16.7% per annum gross equivalent to a 40% taxpayer) over approximately five years. 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 V Ltd for an annual fee of 1% weighted average per monthly net assets per annum with an annual fee of up to 40,000 (plus RPI) per annum. The agreement is for a minimum term of three years with a twelve month notice period.
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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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