This VENTURE (ON 124620) was the third of three small tugs of that name built by Philip & Son Ltd 1902-1909, registered in the names of members of the Philip family and used as yard tugs until sold. The first two went to Spain and Argentina, but this third (Yd 367) stayed with the family off-and-on for many years (a fourth VENTURE was purchased second-hand, and was Dutch-built):

1909 completed for London shipbroker Joseph Constant
3/3/1910 registered at Dartmouth to George Nowell Philip and his three married sisters (Alice Sautter, Laura Arscott and Sarah Williams)
9/1915 sold to Joseph Crosfield & Sons Ltd, Warrington, though registration not moved to Liverpool until 1920.
4/1924 repurchased by G N Philip
10/1924 sold to the City of Exeter, and registered there 1/1925
7/1928 repurchased by G N Philip
1934 on his death, transferred to his younger brother John Nowell Philip (who was, though, by then not active in the running of the company - so may have been used more as a family yacht).
1948 sold to Douglas Barton Perry, an engineer of East Molesey, Surrey.
Then the trail goes cold - no further transactions were recorded in the Exeter register book and the registration expired in the 1980s.