Draper Esprit VCT plc (“the Company”)
LEI: 2138003I9Q1QPDSQ9Z97
Net Asset Value and portfolio
26 September 2019

The Company announces that its unaudited Net Asset Value (NAV) as at 31 August 2019 was 56.2p per Ordinary Share.

The investment portfolio and net assets of the Company, as at 31 August 2019, were as follows:

  Cost Valuation
31 August 2019
(unaudited)		 Valuation
movement in since
31 March 2019		 % of portfolio
by value
  £’000 £’000 £’000  
Ten largest venture capital investments (by value)        
Fords Packaging Topco Limited 2,433 6,979 - 15.42%
Access Intelligence plc 2,886 4,539 (166) 10.03%
Lyalvale Express Limited 1,915 2,570 - 5.68%
StreetTeam Software Limited 1,286 1,964 - 4.34%
IESO Digital Health Limited 1,900 1,900 - 4.20%
Pod Point Holding Limited 860 1,745 - 3.86%
Push Dr Limited 1,556 1,556 - 3.44%
Endomagnetics Limited 912 912 - 2.02%
Fulcrum Utility Services Limited 386 853 (257) 1.89%
Resolving Limited 799 799 - 1.77%
  14,933 23,817 (423) 52.64%
Other venture capital investments        
Evonetix Limited 793 793 - 1.75%
IXL PremFina Limited 756 756 - 1.67%
Crowdcube Limited 400 713 - 1.58%
Back Office Technology Limited 700 700 - 1.55%
Roomex UK Limited 616 616 - 1.36%
Cashfac plc 260 525 - 1.16%
Apperio Limited 500 500 - 1.11%
Hadean Supercomputing Limited 400 400 - 0.88%
AppUx Limited 326 326 - 0.72%
Light Blue Optics Limited 311 311 - 0.69%
Macranet Limited 1,037 259 - 0.57%
Servoca plc 333 120 - 0.27%
Sift Limited 125 42 - 0.09%
Location Sciences Group plc (formerly Proxama plc) 860 9 2 0.02%
Kellan Group plc 657 2 - -
Baldwin & Francis Limited 1,534 - - -
AngloINFO Limited 3,527 - - -
Uvenco UK plc 1,326 - - -
The National Solicitors Network Limited 501 - - -
Ridee Limited 499 - - -
The QSS Group Limited 268 - - -
RB Sport & Leisure Holdings plc 188 - - -
Infoserve Group plc 128 - - -
EDO Consulting Limited (formerly Sift Digital Limited) 125 - - -
  16,170 6,072 2 13.42%
         
  31,103 29,889 (421) 66.06%
         
Cash at bank and in hand   15,356   33.94%
         
Total investments   45,245   100.00%


Unaudited Balance Sheet
As at 31 August 2019

        31 Aug
2019		     31 Mar
2019
    £’000 £’000   £’000 £’000
Fixed assets              
Investments       29,889     28,678
               
Current assets              
Debtors     143     48  
Cash at bank and in hand     15,356     10,455  
      15,499     10,503  
               
Creditors: amounts falling due within one year     (209)     (212)  
               
Net current assets       15,290     10,291
               
Net assets       45,179     38,969
               
Capital and reserves              
Called up share capital       4,022     3,436
Capital redemption reserve       608     599
Share premium account       6,388     -
Merger reserve       1,828     1,828
Special reserve       22,020     22,545
Capital reserve – unrealised       7,981     8,403
Capital reserve – realised       2,175     2,174
Revenue reserve       157     (16)
               
Total equity shareholders’ funds       45,179     38,969
               
Basic and diluted net asset value per share       56.2p     56.7p