Foresight Group
{{Short description|British private equity and venture capital business}}
{{Use dmy dates|date=August 2023}}
{{Infobox company
| name = Foresight Group Holdings plc
| logo = Foresight_Group_Logo.svg
| type = Public
| traded_as = {{lse|FSG}}
| foundation = 1984
| location = London, England
| key_people = Bernard Fairman (Executive Chairman)
| industry = Financial services
| products =
| slogan =
| revenue = {{increase}} £141.3 million (2024){{cite web|url=https://fghl-ar-online-summary.foresightgroup.eu/wp-content/uploads/2024/06/25-income-statement.pdf|title=Annual Report 2024|publisher= Foresight Group Holdings |access-date=23 August 2024}}
| operating_income = {{increase}} £45.0 million (2024)
| net_income = {{increase}} £26.4 million (2024)
| num_employees =
| homepage = {{URL|https://www.foresightgroup.eu/}}
}}
Foresight Group Holdings plc is a British investment manager focussed on clean energy generation and associated infrastructure. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.{{cite web|url= https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2608964|title=FTSE UK Index Series Quarterly Review September 2023|date=30 August 2023|publisher=FTSE Russell|access-date=15 September 2023}}
History
The company was founded by Bernard Fairman and Peter English in 1984.{{cite news|url= https://www.thetimes.com/business-money/money/article/no-regrets-but-what-do-you-expect-in-a-company-called-foresight-72bwtcqgj |title= No regrets, but what do you expect in a company called Foresight?|date=3 June 2023|newspaper=The Times| access-date=23 August 2023}} They initially raised £20 million in venture capital.{{cite web|url= https://www.investmentweek.co.uk/tag/foresight-group |title=Foresight Group|newspaper=Investment Week| access-date=23 August 2023}} The company subsequently built up a regional presence with offices in Edinburgh, Cambridge, Manchester, Milton Keynes, Leicester, Nottingham, and Dublin.{{cite news|url= https://www.yorkshirepost.co.uk/business/foresight-group-set-to-provide-jobs-boost-for-yorkshire-as-it-supports-fast-growing-companies-3850074 |title= Foresight Group set to provide jobs boost for Yorkshire as it supports fast growing companies|date=21 September 2022|newspaper=Yorkshire Post| access-date=23 August 2023}}
The company was the subject of an initial public offering on the London Stock Exchange, which valued the company at £455 million, in April 2021.{{cite news|url= https://www.ftadviser.com/investments/2021/02/04/investment-manager-floats-in-455m-ipo/ |title= Investment manager floats in £455m IPO|date=4 February 2021|newspaper=FT Advisor| access-date=23 August 2023}} In August 2023, having already established funds dedicated to other parts of the UK, it announced that it had raised £90m for a fund dedicated to the North East of England.{{cite news|url=https://www.uktech.news/funding/vc-funding/foresight-north-east-fund-20230418|title=Foresight Group closes £20m North East SME fund|date=18 April 2023|newspaper=UK Tech News| access-date=23 August 2023}}{{cite news|url=https://www.business-live.co.uk/professional-services/banking-finance/foresight-group-makes-30m-addition-27457602|title=Foresight Group makes £30m addition to North East fund thanks to pension funding backing|date=6 August 2023|newspaper=Business Live| access-date=23 August 2023}}{{cite news|url=https://www.altassets.net/private-equity-news/by-pe-sector/venturegrowth/100193958.html|title=Foresight Group hits £90m for new UK regional fundraise|date=7 August 2023|newspaper=Alternative Assets| access-date=23 August 2023}}
Operations
References
{{reflist}}
External links
- {{Official site|https://www.foresightgroup.eu/}}
{{FTSE 250 Index constituents}}
Category:Companies listed on the London Stock Exchange