ProVen VCT

PVN.L

Investment - Banking & Investment Services · Financial Services

Exchange

London Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Feb 28, 2026

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Weak

Dividends

Good

Track this stock — start free trial

Winston Score History

The full picture

ProVen VCT plc is a Venture Capital Trust based in the United Kingdom. It pools money from individual investors and uses that money to buy stakes in small, early-stage British companies that are trying to grow. The fund is managed by Beringea, a transatlantic investment firm, and focuses on backing businesses in sectors like technology, media, and consumer brands.

The company makes money by charging management fees on the assets it oversees and by earning a share of the profits when investments are sold. Because it is structured as a Venture Capital Trust, investors in ProVen VCT receive tax benefits under UK government rules, which helps attract and retain capital. The main risk the business faces is that early-stage companies often fail, meaning the value of the portfolio can fall sharply if several investments perform poorly at the same time.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-94.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-146.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

0.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~7 years

£37M cash & investments

£37M cash & investments at current burn rate

Revenue declining

ProVen VCT's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

100.0%

Premium pricing power — 100.0% gross margin

Profit after running costs

Operating Margin

-501.9%

Losing money on operations — -501.9%

Return on the money invested

ROCE

1.3%

Weak — 1.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-4.2%

Shrinking sales (-4.2% YoY)

Profit growth

EPS YoY

+2.5%

Flat earnings

Single-digit earnings growth — steady but not exciting.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

-97%

Weak — only -97% of profit becomes cash

Spare cash per sale

FCF Margin

-33.7%

Burning cash (-33.7%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

68.7x

no trend

Expensive — P/E 68.7

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

5.44%

no trend

Healthy income — 5.44% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

-9.3%

no trend

Dividend cut (-9.3% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial