Criteria
- We look at businesses with a consistent track record of profitability and cash generation.
- Generally we invest £3m to £10m targeting businesses with EBIT above £1m.
- We only take majority investments and invest in predominantly UK based businesses.
- We have historically looked at businesses where service is an essential component in value creation; we have tended to prefer B2B niche businesses but are open minded about B2C, should the right opportunity arise.
- When we look at a business opportunity we score the business against a number of different criteria:
– The quality of the management team
– The strategy and vision for the business
– Historical financial performance and asset backing
– The customer base
– Sophistication of processes, systems and MI
– Key threats and challenges facing the business - The most important of all is finding management teams with whom we can build a successful long term working relationship.
- We do not generally invest in start-ups or early stage businesses.