Everything you need to know about Newable
When was Newable established?
We were founded in 1982 as Greater London Enterprise (GLE). In 2016, we re-branded as Newable to reflect our bold growth agenda and the wider national footprint of our activities.
Who owns Newable?
Newable is a company limited by guarantee. A company limited by guarantee is much like an ordinary private company limited by shares. We are registered at Companies House, we submit our accounts and an annual return each year and we have directors. A major difference is that a company limited by guarantee does not have share capital or any shareholders but has members who control it. Our members comprise the 32 London boroughs and the City of London Corporation.
What is Newable's purpose?
Newable strives to unleash the extraordinary potential of British business men and women.
What are Newable's values?
Newable is a values-driven business. Our values were defined as a result of a company-wide engagement process. The five values are: Dream Big, Get Going, Grow Together, Always Improve, and Pass it On. Together the values help foster a culture that generates business confidence.
What products and services does Newable offer?
Newable helps companies thrive by providing the essential resources they need to take the next step with their business.
Whether that is patient capital to get help get ideas to scale. Or financing to help with the peaks and troughs of trading, to hire new staff and operationalise growth plans.
No one can do everything on their own. Many need external support to get trading overseas or develop new management capability.
Flexible workspaces and commercial developments to call home and from which to grow. Our website and Products & Services brochure provides further information.
How does Newable deliver its products and services?
Newable operates a flexible business model. Most of our products and services are wholly owned by Newable. In addition, we work in partnership with other leading companies. Finally, we also deliver products and services on behalf of others; for example, we are a leading delivery partner of the Department for International Trade, providing exporting advice to UK businesses.
How is Newable managed?
Newable has a Board of Directors, Executive Directors and a Leadership Team of business leaders.
The Chair of the Board of Directors is Guy Nicholson.
The Executive Directors are Chris Manson CEO, Mike Walsh CFO, Monica Whitefield Human Resources Director and Nick Wright Marketing and Communications Director.
Profiles of the Board and Executive Directors as well as the Leadership Team can be found in the Team section of this website.
Newable strives to meet the governance standards expected of a FTSE 250 company. Details of our governance procedures can be found in our annual report.
How big is Newable?
Newable’s net assets were £56.9m at 31 March 2018. Our operating profit was £9m. We have c185 staff.
In the year to March 2018, Newable:
- assisted 13,800 companies to increase their exports;
- assisted nearly 2,200 companies to start exporting for the first time;
- provided start-up, growth loans and enterprise support services to 1,300 people and businesses;
- lent some £12m to small businesses;
- provided innovation support to over 1,000 companies;
- facilitated equity investment in 36 high growth potential companies raising £35m
- created, acquired or managed business and industrial space to accommodate over 370 small businesses.
How diverse is Newable?
Treating everyone equally and fairly is central to our business. It is not only the right thing to do; it is because we believe that diversity fuels prosperity. We support companies of all shapes, styles and sizes because we know variety and diversity fuels a thriving economy, building resilience and sparking innovation. Reflecting that diversity within our business is a key priority for us. Details of our gender balance, age profile and ethnic diversity can be found in our annual report.