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 invest in asset-based businesses which offer a social service.

We take a long-term approach, focusing on industries where macro trends could create opportunities.

We look for businesses that we believe are well positioned in sectors undergoing societal or demographic change and work in partnership with management teams to build the assets and businesses demanded by a changing society.

Our companies & collaborations

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




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.





Yealand Group

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




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.


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.

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.

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.

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.

Paolo Scalco

– Chief Executive Officer, Applerigg
– Non-Executive Director, Yealand Group

As Chief Executive Officer, Paolo is responsible for the group’s strategy and overall portfolio management. He works alongside senior directors within the business overseeing corporate entrepreneurial activities and portfolio development.

Having joined Applerigg in 2016, he has led and executed several strategic projects on behalf of the Group, interfacing between the various stakeholders and different entities, delivering boundary spanning work on a variety of projects both at a Group and portfolio company level.

Paolo has over 15 years’ cross functional experience in operational and strategic management in a variety of industries. He has an honours degree in Science from the University of the Witswatersrand, South Africa, holds an MBA from IMD, Lausanne and is a CFA Charterholder.

Edward Scott

– Non-Executive Director, Applerigg

Like Oliver Sargent, Edward Scott is a fifth-generation member of the Scott family and has recently joined Applerigg as a non-executive director. Ed is a qualified solicitor who practised as a structured finance lawyer in the London office of Paul Hastings, a US corporate law firm, where he completed his training contract.

Ed is currently reading for an MBA at London Business School, where he is an LBS scholar. At LBS, Ed is a member of the Executive Committee of the Family Business Club and is a member of the Private Equity & Venture Capital Club amongst others. Immediately prior to his MBA studies Ed worked at Sandaire where he gained experience in the Private Equity/Venture Capital and Corporate Finance teams.

Ed has a BA in History from Duke University in North Carolina and post-graduate law degrees from BPP University in London

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.

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.

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


Company Registration No:  04265943