Richard Crow, Professional Private Investor
Also known as @RebelHQ (Cockney Rebel) After starting life as a milkman and ending up paralysed after a motorbike accident at 19 years old, Richard started investing in 1982. Mainly punting penny shares and buying unit trusts all went quite well until the 1987 Black Monday Crash where he lost a third of his investments. Undeterred he returned to investing several years later and had good success in the tech boom, selling out early before most of the tech rout. Thereafter, he started investing and trading, mainly in small caps finding many multi-baggers and much greater success. He now runs a very restricted private chatroom 270 or so members where members discuss the stock news of the day and stock merits and opinions, together with chat and banter re life, gardening, photography and more.

Time Finance's purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities. It offers a multi-product range for SMEs primarily concentrating on Asset Finance and Invoice Finance. While focussed on being an 'own-book' lender, the Group does retain the ability to broke-on deals where appropriate, enabling it to optimize business levels through market and economic cycles.

More information is available on the Company website: www.timefinance.com.

Eagle Eye is a leading SaaS and AI company, enabling retail, travel and hospitality brands to earn lasting customer loyalty through harnessing the power of real-time, omnichannel and personalized marketing. Our powerful technology combines the world's most flexible and scalable loyalty and promotions capability with cutting edge, built-for-purpose AI to deliver 1:1 personalization at scale for enterprise businesses, globally.  

Our growing customer base includes Loblaws, Southeastern Grocers, Giant Eagle, Asda, Tesco, Morrisons, JD Sports, E.Leclerc, Carrefour, the Woolworths Group and many more. Each week, more than 1 billion personalized offers are seamlessly executed via our platform, and over 700 million loyalty member wallets are managed worldwide. 

AI-powered, API-based and cloud-native, Eagle Eye's enterprise-grade technology is fully certified by the MACH Alliance and has received recognition from leading industry bodies, including Gartner, Forrester, IDC and QKS. 

Tim Mason, CEO

Tim has over 25 years' leadership experience in the grocery and retail industries, with a strong background in strategic marketing and customer loyalty. He was the Deputy CEO of Tesco from 2010 to 2012 and has held a number of senior roles in the Tesco Group including CMO, where he was responsible for the launch of Clubcard and Tesco.com. He is currently CEO of Eagle Eye, a SaaS technology company focused on delivering omnichannel personalization at scale for the world’s leading retailers.

Lucy Sharman-Munday, CFO

Lucy joined the Group in 2014, her prior experience being in the technology sector. Her core role encompasses finance, governance and strategic growth. In addition she set up and is an ambassador of the 'Purple Women' initiative. She is also currently Non-executive Director at Microlise Group Plc. Prior to joining Eagle Eye, she was the CFO of the 5one group, helping retailers achieve a customer centric strategy through analytics and software. She also worked for Adapt Group Ltd, a managed services company, and in 2006 iSOFT plc was an integral part of the turnaround team that successfully sold the business to IBA Health Group at the end of 2007. Lucy began her career at KPMG in 1999 and is a member of the Institute of Chartered Accountants in England and Wales.

Ildar Davletshin, CFA, is a former equity research analyst. He is currently focused on managing his own portfolio. He prefers two types of investments: quality businesses at a discounted price or severely undervalued stocks (‘deep value’). In addition to that, he publishes the Hidden Value Gems newsletter where he discusses some of his investment ideas. He has two children and lives in London, UK.

Social Housing REIT Plc ("SOHO") primarily invests in residential properties providing social housing in the UK, with a particular focus on specialised supported housing (“SSH”). SSH provides homes for vulnerable adults requiring support to live independently, including those with learning difficulties, mental health problems and physical disabilities. These homes are specially designed or adapted to meet residents' needs and are managed by Approved Providers who are predominantly regulated by the Regulator of Social Housing. Approved Providers consist of Housing Associations and Local Authorities, or other regulated organisations in receipt of direct rental payments from local Government. These operational residential properties deliver sustainable, long-term, growing income for shareholders, improved outcomes for residents and savings to the taxpayer. SOHO is listed on the Closed-ended investment funds category of the FCA's Official List and its Ordinary Shares are traded on the LSE's Main Market. Atrato Partners Limited is the Company's Investment Manager.

Adrian D’Enrico, Fund Manager

Adrian has 15 years’ experience in real estate fund management, having acquired, developed and managed over £2 billion of real estate across traditional commercial, alternative and social strategies including the acquisition, development and management of over 1,250 affordable homes. Before joining Atrato, Adrian was the fund manager of Funding Affordable Homes at Edmond de Rothschild, Head of Social Real Estate at Alpha Real Capital and deployed Henley’s £410 million specialised supported housing fund. Adrian has also held Fund Manager roles at AXA IM Alts and research and strategy roles at both AXA IM Alts and Savills IM.

Michael Carey, Managing Director

Michael joined the Atrato Group in May 2022 and is responsible for investment across Atrato’s social housing strategy. Prior to Atrato, Michael co-founded Social Income and Iken Group, both focused on social housing investment. Michael has 15 years of real estate experience and previously worked at Henley Investment Management and Artisan Real Estate

PCI Pal is a global leader in secure payment and data protection solutions for business communications, including contact centres, conversational AI, voice, and digital channels. Delivered via a global cloud-native platform, PCI Pal enables organisations to take payments securely, ensuring compliance and reducing data risk.

The Company operates a partner-first sales strategy, with an extensive reseller network of global Contact Centre as a Service (CCaaS) providers including Genesys, Zoom, Amazon, Talkdesk, and 8x8.  These partnerships give PCI Pal access to c.75% of the global contact centre communications market, with 75–80% of sales generated via this partner ecosystem.

Today around 75-80% of PCI Pal sales are generated via its partner ecosystem. PCI Pal’s customer base spans over 700 customers covering breadth of market from the very largest contact centre environments to SMB.  Key customer segments include retail, insurance, government, pharmaceuticals, and healthcare. Core products (Key2Pay, Click2Pay, Speak2Pay) and new fraud management solutions expand the platform’s value, with the aim being to drive future growth via a combination of net new business as well as cross-sell and upsell.

PCI Pal serves over 700 customers worldwide, from enterprise customers to SMB.  Customers include DHL, HMRC, Cox, Easyjet, Ikea, and Lululemon, with strong representation across retail, insurance, government, healthcare, and travel. Its core solutions of Key2Pay, Click2Pay, and Speak2Pay are being expanded with a new fraud management suite, alongside further adjacent products on its roadmap, creating opportunities for both net new business and deeper cross-sell growth.

PCI Pal is one of the fastest growing companies on AIM, with ARR in FY25 increased by 25% organically and compound annual revenue growth for the last 5 years of 37%

James Barham, CEO

James was one of the founding members of the team that created PCI Pal.  Prior to taking on the role of CEO at PCI Pal, he was instrumental in establishing and leading the business’ sales, marketing, and operations functions. In 2018 he and his family relocated to the US temporarily to set up the company’s North American operation. Later that year he became Group CEO. He leads the continued development of the Group following a career spent almost entirely in the technology space.  James has a BSc (Honours) in Business Management & Communications.

Ryan Murray, CFO

Ryan has over 20 years’ finance experience in both public practice and industry, including in the technology sector. He joined PCI Pal from AIM quoted FD Technologies plc where he held a number of senior finance roles over the last 14 years. He was most recently Head of Corporate Finance at FD Technologies Plc, with previous roles including CFO of KX (FD Technologies software division) and Group Financial Controller.

He is a qualified Chartered Accountant, having worked at EY in the audit and corporate tax departments.

Who is Skillcast?

Skillcast enables businesses to build ethical and resilient workplaces and make compliance simple.

For over 20 years, Skillcast has been helping companies engage with their employees to transform their workplace cultures with our e-learning, Governance, Risk and Compliance (“GRC”) tools and compliance management system and platform.

Skillcast was founded in 2001 by Anthony Miller, Catriona Razic and Vivek Dodd who remain as executive directors. It has offices in London and Malta with over 120 employees and full-time associates across the EU.

What does Skillcast do?

The Group provides a cloud-based, software-as-a-service (SaaS) portal for managing GRC. It combines learning content, activity tracking, policy management, and a range of compliance declarations and submissions. Skillcast supports firms in simplifying their staff compliance and meeting complex regulatory obligations cost-effectively and to help them reduce risk from compliance breaches. The Group has grown entirely organically, building and maintaining all its technology and content IP in-house allowing it to deliver customisable solutions

Skillcast serves over 1,400 clients, including FTSE 100 companies, global financial institutions, and small to mid-sized businesses. The majority of its clients operate in regulated sectors such as financial services and insurance, both in the UK and internationally.

Over 90% of clients take Content and Learning Management System (LMS) to manage compliance with one of three fully managed plans:

Standard: plus one or more content libraries and/or GRC tools

Enhanced: to improve learner effectiveness and save time (Fast track and Aida)

Premium: all GRC tools (e.g. activity tracking, policy management, compliance declarations and submissions)

In 2024 the self-serve Core compliance e-commerce solution was launched for small businesses (<50 employees).

Why did Skillcast IPO in December 2021?

· Raise funds to allow for investment in sales, marketing and technology to accelerate growth.

· Provides access to further capital if needed.

· Increase brand awareness.

What are the core Financials?

Annual revenues c. £14m growing at 20%+ per annum. Doubled in 3 years since IPO with CAGR of 26%.

83% of revenues from core SaaS products, ARR key measure (+25% yoy at 31 December 2024.

Profitability increasing post investment phase.

£11.5m cash in bank and no debt

IP Group plc is the most active UK based, early-stage science investor, having formed more than 500 science-based businesses. Backing companies from start-up to scale-up, the Group develops and supports some of the world’s most exciting businesses in deeptech, life sciences and cleantech (led by Kiko Ventures).

IP Group pioneered the concept of systematically investing into university spin-outs more than two decades ago and, together with Parkwalk (the Group’s EIS fund management business), is the largest investor in UK university spinouts. The Group benefits from deep partnerships with leading research institutions, predominantly through Parkwalk, providing access to a pipeline of pioneering scientific research and high-potential intellectual property from institutions including the University of Oxford, the University of Cambridge, and Imperial College London.

IP Group’s specialist investment team combines sector expertise with an international approach and has a long track record of supporting standout companies such as Oxford Nanopore Technologies, Featurespace, Ceres Power, First Light Fusion, Hysata, and Oxa. The Group has performed strongly on cash realisations, recording its largest ever exit last year with the sale of Featurespace to Visa which generated £134m of cash for the Group, a return of 5.9x on the £22.9m invested.

 Combining university relationships with deep sector experience and networks provides highly differentiated dealflow while the Group’s access to capital provides a flexible approach to funding across all stages of company maturity, ensuring IP Group can support companies from inception through growth and scaling.

By starting and growing businesses driving improved health outcomes, the energy transition and the digital transformation, IP Group aims to have a significant impact on some of society’s biggest needs while delivering compelling financial returns.

 A constituent of the FTSE 250, IP Group is chaired by Sir Douglas Flint, who is also Chairman of aberdeen, chair of the UK’s Digitisation Taskforce and a key figure in the wider Mansion House reforms. IP Group is listed on the Main Market of the London Stock Exchange under the code IPO.

 For more information, please visit the IP Group website - www.ipgroupplc.com.