Baronsmead VCT 4 reports good progress as it moves towards £30m

Baronsmead VCT 4 plc, managed by ISIS Equity Partners, has announced its results for the year ended 30 November 2003 with a total return for the year increasing by 5.3 per cent based on total dividends for the year of 2.2p per share and an increase in the net asset value per share increasing from 94.1p to 96.7p per share. It says the pace of new investment has quickened and the portfolio has grown to 20 qualifying companies, after 2 recent realisations.

Baronsmead VCT 4 chairman Philip Dunne says: “Our growing portfolio is in good shape following an acceleration of investment into established and profitable companies since summer 2003. Fund raising has continued throughout the year and we have now raised over £24m gross proceeds making good progress as it moves towards the original target of £30m. This new capital is to be invested into a number of fast growth businesses over the next three years.”