Crown Place VCT PLC Interim Management Statement

Crown Place VCT PLC Interim Management Statement

Introduction
I  am pleased to present Crown Place  VCT PLC's interim management statement for
the  period  from  1 July  to  9 November  2011 as  required  by  the UK Listing
Authority's Disclosure and Transparency Rule 4.3.

Performance and dividends
The  Group's  Ordinary  shares'  unaudited  net  asset  value  (NAV),  based  on
management  accounts, as at  30 September 2011 was £24,151,000  million or 31.7
pence  per share (excluding treasury shares), after accounting for a dividend of
1.25 pence  per share which will be paid on 30 November  2011 to shareholders on
the register on 4 November  2011.

The  NAV  as  at  30 June  was  33.65p (before  accounting  for  the forthcoming
dividend).

After  taking account of the forthcoming dividend, the Company's net asset value
has  fallen by 0.7 pence per share or 2 per cent. since 30 June 2011 as a result
of a decrease in investment valuations.

Portfolio
The  following investments have been made  during the period from 1 July 2011 to
9 November 2011:

+----------------------------------+------+------------------------------------+
|Name                              |£000's|                                    |
+----------------------------------+------+------------------------------------+
|                                  |      |                                    |
+----------------------------------+------+------------------------------------+
|Oakland Care Centre Limited       | 294  |Residential care home               |
|(further investment)              |      |                                    |
+----------------------------------+------+------------------------------------+
|Alto Prodotto Wind Limited (new   | 141  |Installs and operates commercial    |
|investment)                       |      |scale wind installations            |
+----------------------------------+------+------------------------------------+
|Regenerco Renewable Energy Limited|  95  |Photo-voltaic installations on      |
|(further investment)              |      |commercial buildings                |
+----------------------------------+------+------------------------------------+
|Helveta Limited (further          |  54  |Timber and food tracing software    |
|investment)                       |      |                                    |
+----------------------------------+------+------------------------------------+
|The Stanwell Hotel Limited        |  44  |Hotel near Heathrow                 |
|(further investment)              |      |                                    |
|                                  |      |                                    |
+----------------------------------+------+------------------------------------+
|Rostima Holdings Limited (further |  28  |Provider of labour management       |
|investment)                       |      |software for the marine and aviation|
|                                  |      |industries                          |
+----------------------------------+------+------------------------------------+
|Orchard Portman Hospital Limited  |  21  |Psychiatric Hospital in Taunton,    |
|(further investment)              |      |Somerset                            |
+----------------------------------+------+------------------------------------+
|Mi-Pay Limited (further           |  19  |Provider of an outsourced payment   |
|investment)                       |      |processing service to mobile network|
|                                  |      |operators                           |
+----------------------------------+------+------------------------------------+

Disposals
During  the period from 1 July 2011 to 9 November 2011, the Company's investment
in  Evolutions Television Limited was sold for  £7,000 cash and loan notes.  The
loan  notes are expected  to be repaid  in full by  31 March 2012.  The disposal
proceeds represent an uplift on the carrying value at 30 June 2011 of £4,000.

The  following loan stock repayments were made by portfolio companies during the
period from 1 July 2011 to 9 November 2011:

+----------------------------------------------+--------+
| Name                                         | £000's |
+----------------------------------------------+--------+
| Green Energy Property Services Group Limited |   35   |
+----------------------------------------------+--------+
| House of Dorchester Limited                  |   41   |
+----------------------------------------------+--------+
| Tower Bridge Health Clubs Limited            |   19   |
+----------------------------------------------+--------+
| Radnor House School Holdings Limited         |   37   |
+----------------------------------------------+--------+








Top ten holdings as at 30 September 2011:

+----------------------------------------+----------------+
|               Investment               | Carrying value |
|                                        |     £000's     |
+----------------------------------------+----------------+
| ELE Advanced Technologies Limited      |     2,263      |
+----------------------------------------+----------------+
| The Crown Hotel Harrogate Limited      |     2,173      |
+----------------------------------------+----------------+
| Radnor House School (Holdings) Limited |     1,599      |
+----------------------------------------+----------------+
| Oakland Care Centre Limited            |     1,364      |
+----------------------------------------+----------------+
| Kensington Health Club Limited         |     1,240      |
+----------------------------------------+----------------+
| The Stanwell Hotel Limited             |     1,041      |
+----------------------------------------+----------------+
| The Charnwood Pub Company Limited      |     1,023      |
+----------------------------------------+----------------+
| Kew Green (Stansted) VCT Limited       |      964       |
+----------------------------------------+----------------+
| Orchard Portman Hospital Limited       |      735       |
+----------------------------------------+----------------+
| Tower Bridge Health Club Limited       |      647       |
+----------------------------------------+----------------+

Albion VCTs Linked Top Up Offer 2011/2012
On  1 November 2011 the Company  announced the launch  of the Albion VCTs Linked
Top  Up Offer 2011/2012.  In aggregate, the Albion  VCTs will be aiming to raise
up  to £15 million across  seven of the VCTs  managed by Albion Ventures LLP, of
which  Crown Place VCT  PLC's Ordinary shares'  proportion will be approximately
£2.25 million.  The maximum amount raised by each of the Albion VCTs will be 10
per  cent.  of  its  issued  share  capital  (over  any one 12 month period, and
including  any  shares  issued  under  Dividend Reinvestment Schemes), being the
amount that they may issue under the Prospectus Rules without the publication of
a full prospectus.

The  proceeds of  the Offer  will be  used to  provide further  resources to the
Albion  VCTs at a time when a  number of attractive new investment opportunities
are being seen.

An  Investor Guide and Offer Document has been sent to shareholders and can also
be found on the websitewww.albion-ventures.co.uk.


Material Events and Transactions
The  Company has not purchased any  Ordinary shares for treasury or cancellation
between 1 July 2011 and 9 November 2011.

The  Company  continues  to  offer  a  Dividend  Reinvestment Scheme to existing
shareholders.    Details   of   this   Scheme   can   be   found   atwww.albion-
ventures.co.uk/Our Funds/Crown Place VCT PLC.

There  have been no further significant events or transactions that the Board is
aware  of which would  have a material  impact on the  financial position of the
Company between 1 July 2011 and 9 November 2011.

Further  information regarding  historic and  current financial  performance and
other  useful  shareholder  information  can  be  found  on  the  Fund's website
underwww.albion-ventures.co.uk/Our Funds/Crown Place VCT PLC.

Patrick Crosthwaite, Chairman
9 November 2011
For further information please contact:
Patrick Reeve, Albion Ventures LLP - tel: [phone]






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Source: Crown Place VCT PLC via Thomson Reuters ONE

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