Chief Executive Officer
Richard has been Chief Executive Officer since 2009 and has been
involved in the structuring and management of tax-efficient investment
assets for over eleven years. He has overseen the growth and expansion
of the company within the UK retail market and has evolved the
company to where it is today. Previously, Richard has worked in senior
banking roles within Merrill Lynch and the Bank of New York.
Richard has 12 years senior experience in financial services, specialising
in asset backed fund management. Richard has extensive project,
corporate finance and fund management experience across multiple
asset classes such as property, renewable energy, asset backed lending
and capital protected insurance investments. Richard holds a Masters
Degree from the London School of Economics, the Certificate in
Discretionary Investment Management and the Diploma in Financial Planning.
Chief Investment Officer
Stefan has been with Blackfinch since 2009 and is involved in the analysis
and valuation of potential new investment opportunities for the
company’s portfolios, as well as overseeing its back-end investment
management systems and processes. He has over a decade of experience
in similar roles in the financial services industry and holds a Master’s
Degree in Physics from the University of Manchester.
Paul has over twenty five years of experience in the energy and
commodity sector, working in senior executive positions for various
international banks and trading houses. These include Mercuria
Energy Trading S.A., BNP Paribas, Deutsche Bank and Crédit Agricole
Indosuez. Paul also worked on the wave of government utility
privatisations from the late eighties, in the electricity and gas sectors,
as well as working on upstream oil and gas financing and renewable energy.
Asset Specialist (Renewable Energy)
As well being a member of the Blackfinch Investment Committee,
Andrew is owner and manager of a successful and Chartered
Surveying business where he has gained substantial experience in all
elements of Chartered Surveying, working predominantly on
valuations, tenancy work, compensation claims, planning and
development. Andrew is a member of the Royal Institution of
Chartered Surveyors and a RICS registered valuer. He is also a Fellow
of the Central Association of Agricultural Valuers (CAAV). As a CAAV
member, Andrew provides advice and valuation expertise on issues
affecting the countryside from tenancy matters to sale and purchase
of farms and land, from taxation and compulsory purchase to auctioneering.
Asset Specialist (Property)
Terry is the former Partner-in-Charge of Grant Thornton’s Media and
Entertainment group which he started in 1994. From 2000–2014 he
was variously a member of the Grant Thornton UK non-exec board,
member of Grant Thornton International non-exec board and Global
Head of Industries, Grant Thornton International. Having stepped
down from his full time role at GT, he remains a consultant to GTUK
and GT International and is a consultant to the media industry.
Asset Specialist (Media)
Steph has been working within the Blackfinch Group for over 8 years
and her main role is to oversee the activities undertaken by the
Blackfinch trading companies, ensuring that all lending is within the
agreed credit policies and reporting to the Investment Committee on a
regular basis. She also works closely with the accountants in order to
prepare the monthly NAVs for sign off and provides support to the
technical team and accounts department. Steph is currently studying
towards the AAT Accounting qualification with a view to progress to a
Chartered Accountant after her studies.
Guy brings in-depth knowledge of corporate finance gained through a
number of structured finance (debt and equity investment) roles with
Lloyds Banking Group. His role at Blackfinch is to lead the origination
and execution of new investment opportunities. Prior to joining the
company, he was sales and marketing and divisional statutory company
director for a FTSE listed outsourced services provider. He subsequently
joined the Wind Prospect Group, where he led the project financing / sale
of renewable energy assets. Guy has a Masters’ degree from Cambridge
University and is a Fellow of the Royal Geographical Society. In his spare
time, he is a keen sailor and is currently trying to encourage his two
young sons to take up the sport
David joined Blackﬁnch in April 2017 as an Investment Manager. His
previous role was as Manager in the Transaction Services team at PwC
London where his focus was performing ﬁnancial due diligence on deals
across a range of sectors. David holds a degree in Economics from the
University of York, is an ICAEW qualiﬁed chartered accountant, and is
studying for the Investment Management Certiﬁcate. In his spare time,
he enjoys playing cricket, hiking and investing in property.
Blackfinch Investments Limited
Blackfinch House, Chequers Close, Malvern, Worcestershire WR14 1GP
Blackfinch Investments Ltd is authorised and regulated by the Financial Conduct Authority.
Terms and Conditions | Cookies & Privacy | Important Information
F 020 7160 9319
Terms and Conditions
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Please remember that past performance is not a guide to future performance. The value of investments, and the income derived from them, may go down as well as up and you may not get back the amount originally invested.
The products referred to in this website may have tax consequences for which independent professional advice should be sought. Any reference to taxation in this website is based on our interpretation of current UK tax law and practice, which may change in the future.
An investment into any of our products or services may only be made on the basis of the information set out in the respective product brochure and terms and conditions.
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Blackfinch Investments Limited is authorised and regulated by the Financial Conduct Authority (“FCA”). Our FCA reference number is 153860. Registered address: Blackfinch House, Chequers Close, Malvern, Worcestershire WR14 1GP. Registered in England & Wales under No. 2705948.
Blackfinch Corporate Services is part of the Blackfinch Group of companies and is not authorised or regulated by the Financial Conduct Authority ("FCA"). Registered address: Blackfinch House, Chequers Close, Malvern, Worcestershire WR14 1GP. Registered in England & Wales under No. 06301320.
This website has been issued and approved for the purposes of section 21 of the Financial Services and Markets Act 2000 as a financial promotion under the Financial Services and Markets Act 2000 by Blackfinch Investments Limited. This website is not an offer or invitation to apply for investment into Blackfinch’s products and services. Any application for investment should be made solely on the basis of the relevant brochure, the terms and conditions and the application form relating to the Investments.
Risk Warnings (IHT Portfolios)
The investments referred to on this website may not be suitable for all investors and we recommend that you seek independent tax and financial advice before making a decision.
You should carefully consider all the risks relating to each investment. The following risk factors relate to the Blackfinch IHT Portfolios and you should carefully consider whether an investment in the Blackfinch IHT Portfolios is suitable for you in light of your personal circumstances.
Values and Returns: No representation is or can be made as to the future performance of the Blackfinch IHT Portfolios or that the Blackfinch IHT Portfolios will receive the level of returns contained in this Brochure. The assumptions are assumptions only and these may not be realised. Blackfinch IHT Portfolio invests in small, unquoted companies. Your capital is at risk and the investment return is not guaranteed. The value of your investment and the returns you receive are dependent on the value of the assets in the company or companies that Blackfinch IHT Portfolios invests your money into, and any income they earn.
Taxation: Any changes to the taxation environment or HMRC practice may affect investment returns. Accordingly, you will have your own tax position to consider and must take your own independent professional advice in this matter. You may be liable to make tax payments on any amounts you withdraw from the investment. Future Performance: Past performance does not imply that future trends will follow the same or a similar pattern. Forecasts made in this Brochure may not be achieved. There is a risk that you will not get back the full amount invested.
Liquidity: Blackfinch IHT Portfolios is a long term investment. Shares in qualifying companies have to be held for at least two years at the date of death in order to benefit from the IHT relief. Investments made by Blackfinch IHT Portfolios are in unquoted companies and therefore are not readily realisable, unlike companies listed on the London Stock Exchange. Any disposal of shares, whether regular or one off, will reduce the value of your portfolios and erode future returns and such disposals will cease to qualify for BPR.
Business Property Relief (BPR): We will invest in companies which we reasonably believe qualify for BPR, but we can give no commitment that any such investment will remain a qualifying investment at all times in the future. The relief is assessed by HMRC on a case-by-case basis at the time of death of the investor, as part of the probate process, and therefore cannot be guaranteed. The proportion of the investment that is deemed to qualify at that time, assuming it has been held for at least two years and is still held at time of death, can be passed to beneficiaries free of IHT. The two-year timeframe begins when HMRC deems the investment has become BPR qualifying, which may be later than the investment date.
Conflicts of Interest: Blackfinch IHT Portfolios investee companies may acquire shares in, or assets from, other companies managed by Blackfinch Investments Limited. They may also make loans to other entities which are managed by Blackfinch Investments Limited or in which Blackfinch Investments Limited has a financial interest. All loans and transactions will be on an arm’s length basis and will be ratified by the non executive directors of the Blackfinch IHT Portfolios investee companies.
Risk Warnings (EIS Portfolios)
You should carefully consider all the risks relating to each investment. The following risk factors relate to the Blackfinch EIS Portfolios and you should carefully consider whether an investment in the Blackfinch EIS Portfolios is suitable for you in light of your personal circumstances.
Values and Returns: The capital invested in the Blackfinch EIS Portfolios is at risk. The value of your investment may go down as well as up and you may not get back the full amount invested. There is no guarantee that the targeted return per annum will be achieved. No representation is made or can be made as to the future performance of the Blackfinch EIS Portfolios, or that the Blackfinch EIS Portfolios will receive the level of returns contained in this brochure. The assumptions are assumptions only and these may not be realised. The value of your investment and the returns you receive are dependent on the value of the assets in the investee company that Blackfinch EIS Portfolios invests your money into and any income it earns.
Taxation: Any changes to the taxation environment or HM Revenue & Customs (HMRC) practice may affect investment returns. Rates of tax, tax benefits and allowances described in this brochure are based on current legislation and HMRC practice and depend on personal circumstances. These may change from time to time and are not guaranteed. Accordingly, you will have your own tax position to consider and must take your own independent professional advice in this matter. You may be liable to make tax payments on any amounts you withdraw from the investment.
Qualifying Investments: We will invest in an investee company which we reasonably believe to be EIS qualifying at the time of investment, but please note there is no guarantee that the investee company will remain EIS qualifying at all times thereafter, or that EIS tax reliefs will be available to investors. A failure of the investee company to meet the qualifying requirements of EIS legislation could result in the withdrawal of EIS tax benefits that have already been obtained, and the requirement to repay any rebated tax. There is no guarantee as to the timing of the availability of the EIS3 certificates that are needed in order to claim EIS tax benefits. Your obtaining the EIS tax benefits is subject to you making the appropriate filings with HMRC. Please note that you will need to hold the investment for at least three years to retain the benefit from the EIS tax reliefs.
Business Relief: The nature of the activities undertaken by the investee company in which we invest in is such that the company will also qualify for Business Relief. Unlike the EIS tax benefits, it is not possible to obtain any assurance from HMRC that the investee company will qualify for this relief; it is assessed by HMRC on a case by case basis at time of death of the investor, as part of the probate process. The proportion of the investment that is deemed to qualify at that time, assuming it has been held for at least two years and is still held at time of death, can be passed to beneficiaries, free of inheritance tax. The two year time frame commences when HMRC deem the investment has become Business Relief qualifying, which may be later than the investment date.
Future Performance: Past performance does not imply that future trends will follow the same or a similar pattern. Forecasts made in this brochure may not be achieved. There is a risk that you will not get back the full amount invested.
Liquidity: Blackfinch EIS Portfolios is a long term investment. Investments made by Blackfinch EIS Portfolios is in an unquoted company and therefore are not readily realisable, unlike companies listed on the London Stock Exchange. You should be prepared to leave your money invested for at least three years from the commencement of trade. We will not be able to arrange liquidity in the underlying investments during the three year period.
Diversification: Blackfinch EIS Portfolios will invest in one sector. Therefore, there will be limited diversification, which could increase the risk for investors.
Conflicts of Interest: Blackfinch EIS Portfolios may be acquired by, or receive loans from, other companies managed by Blackfinch Investments Limited. All loans and transactions will be on an arm’s length basis and will be ratified by the non-executive directors of the Blackfinch EIS Portfolios investee company.
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Accuracy and update of Information
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The views expressed herein do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of Blackfinch Investments Limited or any part thereof and no assurances are made as to their accuracy.