Looking to raise capital
Whether as a minority or majority investor, Macaulay’s model is geared to being a supportive partner for the operational management team. We are focused on delivering value growth for all stakeholders over the medium to long term and are equally comfortable with an organic &/or acquisition-led growth strategy.
The team at Macaulay have many years’ experience working alongside managers in smaller companies and, through our Board representation, would expect to provide strategic challenge and input, whilst letting the management team manage the business without undue interference on a day to day basis. We will not impose our vision for the business, but look to provide the support that enables that of the operational stakeholders to be realised.
Investment criteria
Acquisition, Equity Release, Buy-Out / Buy-In
- We look for businesses with well-established track records of profitable growth and cash generation.
- We’re keen to establish that would-be investee companies enjoy clear defensible characteristics, through having a distinct and sustainable competitive advantage in their chosen markets, a niche proposition with robust barriers to entry, long-term contracts or similar.
- We’re a supportive partner, looking to work with businesses and management teams with strong underlying fundamentals, to create value over the medium to long-term through organic and / or acquisitive growth.
- Target companies will typically be generating underlying operating profits of between £250,000 to £2,000,000
Growth Capital
- We look to work with ambitious business owners to develop their companies and exploit the identified market opportunities
- We tend to look for businesses that have been established a number of years, have demonstrated the commercial traction for their products or services and with an established operating model.
- Whilst existing profitability is not required, we typically expect to be able to identify the path to become cash-positive within 12-18 months.
- We look to work with companies seeking growth capital that are likely to meet the Enterprise Investment Scheme (“EIS”) qualification criteria.
Case studies
ICA Group
“Macaulay’s support has been instrumental in ICA’s success story. Their patient and nurturing approach allowed us to focus on building a stronger business for the long term, rather than chasing short-term milestones. Over the years, they have been trusted partners, providing valuable guidance while empowering the management team to lead and grow the business. As a result, ICA has transformed into a business that is almost unrecognisable from where it started, and we are proud of what has been achieved through this partnership. We thank the Macaulay team for their commitment, belief and support throughout our time working together.”
— Matt Brown, James Cook and Janet Pryke, ICA Group Ltd
Qualification Check
” Having got Qualification Check up and running, we identified the team now at Macaulay as equity partners for the next stage of the company’s development. As a ‘first-time’ founder within a small business, I’ve found their input and experience invaluable. As well as identifying a Finance Director, to complement an earlier non-executive Board appointment, the Chelverton Investor Club shareholders backed us in a follow-on funding round and we’re now really well placed to capitalise on the exciting developments in our market place. ”
Ed Hall
Contact Richard
Richard Bucknell
Chief Investment Officer