Press releaseFriday 12th February 2016
Winners of EIS Association Awards announced
The winners of the Enterprise Investment Scheme Association Awards for 2015 were announced at the House of Lords last night (Thursday 11th February 2016).
The Awards, which attracted a record number of entrants this year, are made to companies, organisations and individuals that have achieved outstanding performance in the context of Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) investments during 2015.
The winners were:
Best EIS Fund Manager/Sponsor: Calculus Capital
Best SEIS Fund Manager/Sponsor: Symvan
Best EIS/SEIS Tax Adviser: Philip Hare & Associates
Best EIS/SEIS Legal or Regulatory Adviser: Charles Russell Speechlys
Best EIS Investment Exit: Oakfield Capital Partners for Coryton Advanced Fuels
Best Innovation, Newcomer or Rising Star in EIS/SEIS (Company) – Intelligent Crowd TV (for ‘The Seed & EIS Hour’)
Best Innovation, Newcomer or Rising Star in EIS/SEIS (Individual) – Boyd Carson, Sapphire Capital
Sarah Wadham, Director General of the EIS Association, said: “The record number and high calibre of entrants for our Awards demonstrate the growing importance of EIS and SEIS investment in funding exciting early stage companies that are so vital in creating jobs and growth in the UK economy.
“Since the launch of EIS in 1993-94, more than 22,900 companies have received investment through the scheme and over £12.3bn has been raised to fund that investment. The SEIS is a much more recent initiative, launching in 2012-13, and since then more than 2,900 companies have received investment through the scheme, with £250m raised from investors.”
For a full list of winners, highly commended entrants and the judges’ comments please see Notes to Editors.
The members of the independent judging panel for the awards were:
- Lord Taylor of Warwick – former Special Adviser to the Home Secretary
- Mark Brownridge – Mazars, Head of Financial Planning Research & Development
- Declan McAndrew CFA – Foster Denovo, Head of Investment Research
- Lee Moran – Baigrie Davies, Chair of the Investment Committee & Head of Research
- Neeta Patel – New Entrepreneurs Foundation, CEO
- Dr Norman Price OBE – former DTI Innovation Adviser on Finance & Investment
- Martin Fox – Bulletin Marketing, Managing Director
- Sarah Wadham – The EIS Association, Director General
For media enquiries please contact Malcolm Jones at Bulletin PR on 0115 907 8412 or email@example.com.
The EIS Association (EISA) is the official trade body for the Enterprise Investment Scheme. EISA is a highly effective not-for-profit organisation, which exists to aid the provision of capital to UK small and medium-sized enterprises (SMEs) through the Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS). Follow the links for further information about EIS or SEIS.
EISA works closely with HM Treasury, HM Revenue and Customs, Government Ministers, MPs and the FCA to enhance the EIS and promote the benefits of the scheme to investors and companies using EIS/SEIS and their respective advisers.
For further information, visit www.eisa.org.uk.
Notes to Editors:
Full list of winners, highly commended entrants and the judges’ comments
Best EIS Fund Manager/Sponsor – sponsored by Edwin Coe
Winner: Calculus Capital
Judges’ comment: “Calculus Capital is a shining example of a company engaging with the industry and promoting the sector in an innovative and thoughtful way. Clarity of communication to both adviser and the end investor is outstanding. Through its investments hundreds of jobs have been created and genuine growth created. Calculus continues to be the benchmark for the EIS industry to meet and beat.”
Highly Commended: MMC Ventures
Highly commended: Parkwalk Advisors
Best SEIS Manager/Sponsor – sponsored by Kuber Ventures
Judges’ comment: “The level of due diligence and research they undertake on potential investee companies is impressive and gives advisers and investors alike great confidence in their investment. Investor communication also appears to be excellent with regular investor meetings and updates, all of which offer a glimpse into the inner workings of the SEIS which few funds can match.”
Highly Commended: Daedalus
Best EIS/SEIS Tax Adviser – sponsored by Oxford Capital
Winner: Philip Hare & Associates
Judges’ comment: “A great submission which demonstrates how a relatively small firm can still advise a broad range of clients. The quality of their work was demonstrated clearly and the judges particularly liked the use of examples, which showed the impact of their work.”
Highly Commended: Chiene & Tait
Highly Commended: PwC
Best EIS/SEIS Legal or Regulatory Adviser – sponsored by Calculus Capital
Winner: Charles Russell Speechlys
Judges’ comment: “The judges liked the creation of a cross-departmental EIS Group within the firm, with the goal of promoting EIS within the firm and to clients. This has led to the firm actively promoting EIS to their clients and highlighting the benefits of doing so. They have also been very active in providing speakers to help promote the EIS industry. One of the judges wrote: ‘They epitomise the ethos needed to help continue to grow awareness of the EIS industry.’ ”
Highly Commended: Bovill
Highly Commended: Blears
Best EIS Investment Exit – sponsored by Downing
Winner: Oakfield Capital Partners for Coryton Advanced Fuels
Judges’ comment: “An impressive return of 8.4x over a relatively short holding period of five years. This is a true EIS good news story, bringing back into use a site and employing 26 people at a business that had been mothballed and left for dead, using money from EIS that would not otherwise have been available.”
Highly commended: Acceleris for Redx Pharma
Highly commended: Parkwalk for Xeros
Best Innovation, Newcomer or Rising Star in EIS/SEIS – Company – sponsored by Mainspring
Winner: Intelligent Crowd TV, for ‘The Seed & EIS Hour’.
Judges’ comment: “A genuinely new concept, designed to make EIS and Seed EIS more accessible to a wider audience. Since they launched in October last year, they have already showcased 16 companies, and also aim to educate their audience.”
Highly Commended: Crowdrating from Wheatfromchaff
Highly Commended: MICAP
Best Innovation, Newcomer or Rising Star in EIS/SEIS – Individual – sponsored by Deal Partners
Winner: Boyd Carson, Sapphire Capital
Judges’ comment: “The winner has had a busy year, pushing the boundaries with new products, writing and publishing books on EIS, regularly speaking at events, and even promoting EIS in America. The winner seems to have EIS in his DNA.”
Highly commended: David Newman, Compare Investments Dot Guru
Highly commended: Patricia Reynolds, Arterial Capital Management