Charles Tatnall, Executive Chairman
Charles Tatnall is primarily involved in advising and raising funds for small and medium sized enterprises with varying business activities ranging from advising investment and family wealth companies to reviewing investments and business opportunities together with the management of personal investments. Until 2005 he was consultant to Bolton Group PLC, a UK listed investment company, identifying and conducting due diligence on potential investment and acquisition opportunities from a broad range of industry sectors. These included natural resources, both exploration and production, electronic hardware and software, and biotechnology. Previously he held a number of positions with public companies in North America and Canada, he was a director and founder of several micro-cap North American listed companies being responsible for general corporate governance and all finance areas. Charles was a co-founder and principal of BioProgress Technology Ltd (“BioProgress”) which was quoted on the NASD regulated OTC market and later migrated to AIM. Charles held the licence for the North American business of BioProgress though a listed vehicle in North America. Earlier, Charles founded Maceworth Ltd in 1985, a large corporate entertainment company in the UK which operated in the areas of running sporting event tented corporate villages, marquee hire, corporate sponsorship and conferences.
Philip (Phil) Stephens, Chief Executive Officer
Mr Stephens has a strong track record in the electricity sector having held numerous senior roles in the energy and infrastructure marketplace. This includes a major UK generator, where he was responsible for the businesses transition from a national electricity generator to a premium low carbon energy supplier. As partner in global consulting firms, Phil’s background is in energy utilities, leading practices and projects in North America, Europe and Asia Pacific. He has worked with large and small organisations in roles as diverse as interim strategy director to commercial due diligence and post-acquisition value realisation for private equity investors. Mr Stephens is currently a director of a STOR business, building a 20MW plant in South West England, but has held numerous senior roles in the energy and infrastructure market, including listed entities:
• Head of commercial – British Energy Group plc. Phil led the development of British Energy Group plc’s low carbon product, including board & regulatory sign-off, first sales and independent third party verification regime. This product has gone on to form the basis of EDF’s Blue+ domestic product post acquisition of British Energy Group plc.
• Group commercial director – Mears Group plc. A listed social housing & domiciliary care business with revenues of £650 million. Phil signed an exclusive agreement with British Gas to provide energy and low carbon services to social housing, initially exploiting the fee-intariffs and moving to waste-to-power projects.
• Asia Pacific energy & utilities leader – PA Consulting Group. Phil led the development of the world’s first nodal electricity market, including development of a Financial Transmission Rights (FTR) regime as well as advising on asset management plans as part of regulatory representations.
Paul Lazarevic, Chief Operating Officer
Paul Lazarevic has a long track record in the electricity sector including most recently as the chief executive officer of Grid balancing technology company, RLtec. Prior to that he was head of corporate sales at RWE AG where he was responsible for a £1.5bn operation, which included sales and operations to the UK’s major industrial and commercial users such as J Sainsbury’s plc, BT Group plc and Lafarge cement. Prior to that, Paul spent eight years at Exxon Mobil where his experience varied from project managing the design and construction of embedded refinery power generation projects in the USA and Far East, to setting up a gas trading operation in the UK and running a risk management team.
James Longley, Chief Financial Officer and Company Secretary
Mr Longley is a chartered accountant whose career has been focussed on venture capital, private equity and building growth companies. His earlier career was with Arthur Andersen, Creditanstalt-Bankverein Merchant Banking and Touche Ross Corporate Finance. In 1990 he co-led the £10.5m management buy-in of The Wilcox Group, one of the UK’s leading aluminium alloy tipping trailer manufacturers. He was also co-founder, director and chief financial officer of BioProgress Technology International, Inc., a VMS and drug delivery system developer using proprietary films, processes and formulations. It was a NASD quoted and regulated company from 1997 to 2002 and was subsequently listed on AIM. Mr Longley was also a co-founder, director, chief financial officer of PhotoBox Limited from 2000 to 2006, a company that then merged with its French counterparts, Photoways to create Europe’s leading online photo-finishing business. The group now enjoys a turnover in excess of £175m and has over 25 million unique users. Private equity investors include Highland Capital Partners and Index Ventures. It acquired Moonpig.com in 2011 for circa £120m. Concurrently, for much of his career, Mr Longley has acted and continues to act for and invest in many small to medium businesses together with consultancy and non-executive director roles.
Tim Cottier, Non-Executive Director
Tim Cottier is a Chartered Accountant who has spent many years in the corporate finance, real estate and green energy sectors. He qualified with Thornton Baker (now Grant Thornton) in London and spent several years with Price Waterhouse Coopers in both the UK and the Bahamas.
He is currently CEO of Kinloch Corporate Finance, a corporate advisory company based in London and Leeds which specialises in capital raising, private equity, venture capital and M&A activities within the SME sector dealing with transaction sizes from £1 million to £50 million. He is involved with a number of sustainable energy projects as adviser and in particular, the waste to energy sector. Since 2015 he has raised over £50m of equity for client companies and arranged over £100m on debt transactions as well as advising on the sale of several businesses which have realised over £75m for the vendors.
From 2002 Tim was a partner in Buckle Barton, a leading firm of Chartered accountants in Leeds where he was involved in advising SME clients on acquisitions, sale of businesses , capital raising and due diligence work on behalf of Banks and Private Equity .
Tim has also been involved in a number of commercial property development schemes both as principal and adviser, finding sites for commercial schemes, helping with the planning aspects and raising the capital for the transactions. He was a partner in Marlin Properties until 2002 where he was responsible for raising in excess of £200m debt and equity to acquire a selection of significant commercial sites. He is an investor in several property projects in the North of England and is well connected in the Real Estate sector. He plays an active role in the City of London, he is a member of the Billingsgate Ward Club and a Freeman of the City of London.