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British Smaller Cos VCT 2 PLC on Friday posted a drop in net asset value during the first half of 2025, but maintained confidence in its portfolio amid market uncertainty. The Leeds, England-based investment firm focuses on UK businesses and is managed by YFM Equity Partners. Its NAV per share was 55.05 pence at June 30, down 3.6% from 57.10p at December 31. The company declared a second interim dividend of 1.50p per share. This brings the total dividends paid in 2025 to 4.00p per share, up 3.3% from 3.00p the previous year. According to the investor, short-to-medium term expectations for the UK economy remain ‘uncertain’ through a combination of government budget pressures and sustained inflation. It noted an anticipation of more interest rate cuts by the Bank of England. Still, British Smaller Cos VCT 2 said its investees ‘are continuing to make good progress’ and have not suffered any direct hits related to US tariffs. ‘The manager also continues to identify attractive new opportunities for the company to invest into high-growth, tech-enabled businesses. As such, we remain optimistic for the company’s outlook as it moves through the second half of 2025 and into 2026,’ commented Chair Barbara Anderson. The firm’s shares were up 1.9% at 53.00 pence on Friday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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