A private, family-owned business built on the foundations of a financial services group established in 1903.

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Like people, businesses have finite lives. Family business ownership permits greater endurance as generational transfer injects a new lease of life or a change in direction. In some cases, the legacy of the family continues to make a positive impact that extends beyond the lifespan of the original firm.

Applerigg Founder, Alex Scott

We actively invest in and nurture valuable and growing businesses using patient capital, drawing on our heritage and values.

Purposeful Stewardship is at the core of our approach to business. It requires us to focus on preservation and growth whilst giving us the responsibility to reinvent and innovate so as to be relevant for the future. Leveraging both financial and human assets, we continue to grow robust business enterprises which deliver a positive impact for our communities, our shareholders and society in general.

Our history

Applerigg’s journey began over a century ago with the pioneering approach of the Provincial Insurance Company.

A path that four generations and a number of spirited personalities later – has led to the formation of Applerigg.

Provincial Agricultural Show

Our approach and focus

We have a long history of investing in service-led businesses , guided by societal or market demand.

Our approach is long-term, focusing on industries where macro trends could create opportunities.

The businesses that we look for are those that are well positioned in sectors undergoing societal, demographic or market change. Our focus is simple, to work in partnership with management teams, leveraging both financial and human capital to grow robust enterprises that have impact now, and in the future.

Our companies & collaborations

Yealand Group is a fund administration house dedicated to delivering the highest quality service and administrative support.

www.yealand.com

 

 

Horizons is a social enterprise to develop responsible leadership in the Next Generation. Horizons helps individuals in exceptional circumstances discover their purpose, and inspires them to shape a better future for themselves, their family and the world.

www.horizons.org

 

 

Xenia Venues identifies, invests in and develops the best wedding venues in areas where they will leave a positive commercial, societal and environmental impact. Using a data backed approach, the business ensures the success of each venue, preserving and protecting these heritage sites for future generations.

www.xeniavenues.co.uk

Glenburnie Lodge is a luxurious care community in the heart of the Vale of Glamorgan. Due to open to residents in Summer 2023, the home will comprise of 70 beautifully furnished ensuite rooms, as well as offer a range of exceptional facilities. Quality care and support will be on hand 24 hours a day including nursing and dementia care.

www.glenburnielodge.co.uk

Yealand Fund Services

Yealand Fund Services is an independent Authorised Fund Manager and Administrator. Yealand has a reputation for excellent client service, a demonstrable collaborative approach, and a track record for delivery.

www.yealand.com

Horizons

Horizons is a social enterprise to develop responsible leadership in the Next Generation. Horizons helps individuals in exceptional circumstances discover their purpose, and inspires them to shape a better future for themselves, their family and the world.

www.horizons.org

Glenburnie Lodge

Glenburnie Lodge is a luxurious care community in the heart of the Vale of Glamorgan. Due to open to residents in Summer 2023, the home will comprise of 70 beautifully furnished ensuite rooms, as well as offer a range of exceptional facilities. Quality care and support will be on hand 24 hours a day including nursing and dementia care.

www.glenburnielodge.co.uk

Xenia Venues

Xenia Venues identifies, invests in and develops the best wedding venues in areas where they will leave a positive commercial, societal and environmental impact. Using a data backed approach, the business ensures the success of each venue, preserving and protecting these heritage sites for future generations.

www.xeniavenues.co.uk

 

Our board

Click the thumbnails to find out more about our board. Our board is made up of leading experts from a range of industries. The board works together to ensure that Applerigg and its holdings uphold the core values of the Scott family.

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Oliver Sargent

– Non-Executive Chairman, Applerigg

A fifth-generation member of the Scott family, Oliver Sargent became Chairman of Applerigg in June 2020, having served on the Board of the Multi-Family Office, Sandaire (a former subsidiary of Applerigg), from 2018 to the sale in 2020.

Oliver has been a serial entrepreneur in healthcare, backed by venture capital investors. As Founder and CEO, he acquired, built, staffed and operated psychiatric hospitals and specialist care homes before exits in 2012, 2014 and 2018. He remains a non-executive director of Albion Care Communities, a group of high-end, new-build care homes, which he co-founded in 2014 and ran as CEO until 2018. Oliver began his career as a doctor, working in Guy’s and St Thomas’s Hospitals in London and the Royal Perth Hospital in Western Australia.

Oliver has a BSc in Psychology from Kings University College, London and an MBBS from Kings Medical School, London.

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Christopher Scott

– Non-Executive Director, Applerigg

Christopher Scott is a former director of his family’s Provincial Group businesses and of Sand Aire Limited, and is a non-executive director of Applerigg.

He worked at Grindlays Bank from 1978 to 1988, mainly in the international corporate and sovereign financing departments. In 1988 he joined Sumitomo Bank (later The Sumitomo Mitsui Banking Corporation) in London, finishing there as General Manager of the London Structured Finance Department in 2006.

He read Natural Sciences at Trinity College, Cambridge, and has an MBA from INSEAD.

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Mark Fuller

– Non-Executive Director, Applerigg

Mark Fuller is currently the Chairman and CEO of Rosc Global.  Previously, he served as the founding Chairman and CEO of Monitor Group, a leading consulting and principal investment firm from 1983 to 2010.

Mark serves on the board of a number of venture investment firms including Four Rivers, IronGate, Miraki Innovation, and the Disruptive Innovation Fund. He has also been a member of the boards of Teach for All, the Asia Institute of Management, the Massachusetts Society for the Prevention of Cruelty to Animals (MSPCA), the Forum for Cities in Transition, Value Budget Housing Corporation (India), SKOLKOVO (Moscow Business School), the National Competitiveness Council of Saudi Arabia, and Harvard University’s Mahindra Institute.

Mark was an Assistant Professor of Business Administration at the Harvard Business School and guest lecturer at universities in the USA and UK.  He is the author of numerous books and articles, including Competition in Global Industries (1986), Business As War (2000), and Japan’s Business Renaissance (2005).

Mark graduated from Harvard College with a BA in History, and later received an MBA from Harvard Business School and a JD from Harvard Law School.

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Bruce Offergelt

– Executive Director, Applerigg

As Applerigg’s Chief Financial Officer, Bruce has responsibility for the group’s finances and, with his broad involvement across the group, helps define and nurture its strategy.

Bruce, who has over 35 years’ experience working in financial services, joined the Group in 2003.  He was a director of Sandaire from 2003 until the sale in 2020 and has served on other subsidiary boards. Prior to joining Applerigg, he was the joint Chief Executive of Sanwa Asset Management and before that he worked for the Hill Samuel Group in various roles including the Director of Finance of Hill Samuel Asset Management and a director of Hill Samuel Bank.

Bruce graduated from Trinity College, Oxford with a degree in Philosophy, Politics and Economics and is a Fellow of the Chartered Institute of Management Accountants.

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Edward Scott

– Non-Executive Director, Applerigg

Ed is a fifth-generation member of the Scott family and joined Applerigg in 2021 as a Non-Executive Director.

Ed began his career as a finance and tech lawyer at the London office of Paul Hastings before moving onto the investment side first on the private equity and venture capital team at Sandaire and then as an early-stage investor at Moonfire Ventures. Ed currently works in corporate strategy at Hadrian, a Dutch startup that provides offensive cybersecurity and red-teaming software for businesses.

Ed is a qualified solicitor and has a BA in History from Duke University and an MBA from London Business School, where he was co-president of the Family Business Club.

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Katrina Shenton

– Non-Executive Director, Applerigg

Kat is an independent consultant and board director, passionate about fighting climate change and ethical investment. She joined the Applerigg Board in June 2022 and is Chair of the Investment Committee.

Having spent 10 years at renewable energy company, Solarcentury, Kat joined Octopus Investments in 2010 where she invested and managed c£3Bn in renewable energy assets and, more recently, designed and embedded an ethical and positive impact framework for the £10Bn of funds managed by Octopus Investments. She has held board positions on several energy investment funds, including two Venture Capital Trusts, as well as a start-up and two charities.

Kat began her career at IBM before spending four years managing the finance and operations of a growing charity. She has completed the INSEAD Women Leadership Programme, was awarded an MBA with distinction from the London Business School and has a degree in Mathematical Statistics and Operational Research from Exeter University.

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David Gudgin

– Chief Executive Officer, Applerigg

David Gudgin, Applerigg’s Chief Executive Officer, has over two decades of experience in investing in high growth, early stage businesses.

After working at the BBC, David became an investor in 1999 when he joined 3i in London. He went on to become lead investor at Foursome, managing an environmental technology fund and a development capital fund. In 2005 David joined Albion Capital where, in 2009, he became Partner, as well as Head of Renewables. At Albion, David raised and invested three institutional Real Asset funds; Albion Care Communities, Albion Community Power and Albion Real Asset Fund.

David joined Applerigg in 2023 and is focused on building new asset-based businesses. David is on the board of Xenia Venues and Glenburnie Lodge.

David has a degree in Economics from Warwick University, and post-graduation he qualified as an ACMA. 

Applerigg Limited
New Kings Court, Tollgate
Chandler’s Ford, Eastleigh
SO53 3LG

Email:
applerigg.administration@applerigg.com

Company Registration No:  04265943