There are always exceptions to these criteria, but generally we look at the following themes when considering a new investment.

Start-up businesses in high-growth segments

We like to become involved at an early stage in the development of the business, with start-ups whose business model and market have the potential for rapid growth.

Market discontinuities

We look for areas where sudden changes have occured, due to regulatory change, technological innovation or changes in consumer behaviour. For example, TDX developed as a result of increasing consumer debt in the UK and creation of The Rights Company was driven by the introduction of the Communications Act in 2003.

Technology-enabled or related

Our investments do not necessarily rely on cutting-edge technology, but almost all use technology as a central part of their operations. Through our founding & ownership of Agilisys, an innovative IT and business process service provider, we are often in a position to provide help and mentorship on technical issues.

Generally business-to-business companies (B2B), although not exclusively

Many of our investments are business-to-business models. Our experience and contacts tend to lend themselves to this model more easily, but we have also helped build highly successful consumer businesses, such as Clear Start.

India-related

The Founders have spent significant time in Asia throughout their careers, and India in particular has always been prominent in their investment strategies. We have several active investments in the Indian market and we often look for synergies between our UK and Indian businesses.

Team

We look for good, competent leadership, but where we can add value as active investors, through technology, contacts or leadership experience.