Sanjeev Gordhan - Commercial Director, Newable
Sanjeev previously worked as an adviser at a National Wealth Management Firm where he specialised in EIS and VCT investments whilst also managing his own client book. After completing his executive MBA, Sanjeev decided to switch from an adviser to a provider with a view to delve deeper into the world of early-stage ventures.
What is the most rewarding aspect of your role?
Having been an EIS specialist when I was an adviser, it is really rewarding to be able to get into the key detail of these investments whilst understanding the key priorities for advisers and how this investment fits into their wider planning.
How do you see your role changing in the next 3-5 years?
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“Having analysed funds as an adviser, I understand how hard it is for advisory firms to be able to compare apples with apples. We need standard benchmarks, processes and fee structures.”
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What makes your firm stand out?
Newable was established over 35 years ago, solely with a mission to help SMEs and start-ups. Since then we have been able to add more services and products to help these companies and early-stage ventures to continue being the engine of the UK economy. When we fund a company, they are not only getting access to capital but also a raft of other services which helps them on their journey to commercialisation. This in turn provides our investors with potentially higher returns as we are able to nurture our investments in-house within the Newable group.
What are investors saying about your firm?
What's one thing you'd like to change about the sector?
Transparency across the industry. Having analysed funds as an adviser, I understand how hard it is for advisory firms to be able to compare apples with apples. We need standard benchmarks, processes and fee structures.
How have the recent legislative changes affected your firm?
Newable has always invested in the true spirit of EIS, therefore we have not had to change our investment thesis. This has meant that we are now able to compete on a level playing field.
What's a recent quote/headline that has made you stop and think?
"It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change."
What character trait(s) help you succeed in your role?
Entrepreneurialism.
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About Newable
Newable has a history spanning over 35 years, with a core mission to support UK SMEs and start-ups. We provide companies with capital, exporting and innovation advice and flexible office and light commercial units. Our fund invests at point of commercialisation, where we as a group can add the most value. Newable employs circa 350 people across the UK. With net assets of £61.5m.
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