We are pleased to announce that Dean and Danielle will be hosting the very first FFG charity fund raising dinner on behalf of the ACLT, a charity doing amazing work in the area of blood and organ donation for all in need, with a special focus on those of African and Caribbean heritage given the drastic shortage of donor matches for people from those backgrounds. The event is set to be a star studded, invitation only gala in the centre of London on September 14th! To find out more please visit the Forbes Family Group website as there will be a variety of ways for people to participate and support!
Forbes Family Group
Investment Management
London, England 2,502 followers
Forbes Family Group. Technology and Property investors. Executive Talent Management. Social Change Agents.
About us
Forbes Family Group (FFG) are active capital investors, executive coaches and mentors, and community activists. We believe that with the right networks, support, investment and collaboration we can help more organisations to do good and do more and take a prominent role in driving positive social mobility from the communities that we serve.
- Website
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http://www.forbesfamilygroup.com
External link for Forbes Family Group
- Industry
- Investment Management
- Company size
- 2-10 employees
- Headquarters
- London, England
- Type
- Self-Employed
- Founded
- 2019
Locations
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Primary
3rd Floor, Savoy Hill house
Savoy Hill
London, England WC2R 0BU, GB
Employees at Forbes Family Group
Updates
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Congratulations to the Winners of Our £50,000 CapTable Pitch Competition in partnership with Corten Capital and Battery Ventures We are thrilled to announce the winners of this year's CapTable Pitch Competition - Needi and The Vegan Patty Lady (link below) This year, we had two exceptional joint winners who will each receive an investment of £20,000. Additionally, our runners-up will take home £5,000 each! The competition was fiercer than ever, with four times as many applicants compared to last year. The quality of business pitches was truly outstanding. A huge well done to all who applied! We also want to extend our heartfelt thanks to our partners and judges who made this event possible. Our Partners: Battery Ventures Corten Capital HSBC Thank you once again to everyone involved, and congratulations to all our winners!
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Our Forbes Family Group Radar Networking Event is Back! We are pleased to announce that Radar, the networking event for aspiring professionals and entrepreneurs is back for its 3rd year! In a Central London location, on Tuesday 2nd April 2024, we will be bringing together an agenda of top business speakers from the world of wealth and financial management, Venture Capital investment and senior leaders from the corporate space to share their journeys, stories and insights with our delegates. In addition to these live, on stage sessions, Radar will be filled with our High Value Networkers who will be in the room ready to mingle, network and answer delegates questions on a broad range of topics. Attendance is free only available via applying using the Radar form on www.forbesfamilygroup.com - only candidates selected from those that apply will get the chance to attend (but don’t worry, we have another event in Q3!) We hope to see you there!
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Forbes Family Group reposted this
It is now officially 2 years since Partners Group took ownership of Forterro through our land mark deal. I’m grateful for the support of a great investor led by Charles Rees and our board of directors led by Steve Rowley our Chairman (both pictured below). I’ve observed how a number of boards and investors interact throughout my career and I’m proud of the board we have built and the way we have collaborated. Some positive observations: - Alignment around the strategy and plan. I’ve had situations in the past where there was misalignment and that confusion can become toxic at an operational level. We are extremely aligned (alignment takes work!) - Clarity in communication. We don’t get mixed messages from our board, incredibly helpful in allowing management to move forward with purpose. - Supprt and Challenge. We have a good balance of support and we (exec mgt) are challenged regularly by our board. It’s important not to view the challenges as adversarial. It’s even more important that the challenges that come are constructive which they have been! - Diversity. Not just because it’s ‘right’ but broader perspectives bring richer outcomes/outputs. If we all view things the same because we are all similar then innovation gets suffocated.
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Dean Forbes sat down with Ray Dempsey, Chief Diversity Officer at global banking giant Barclays for a conversation as part of Forbes Family Group's collaboration with Barclays. In an interesting discussion Dean and Ray touch on the ongoing debate around professional careers vs entrepreneurship, managing work life balance, and how diversity powers businesses and can create competitive advantage. You can watch the entire discussion on our YouTube channel here https://lnkd.in/gBKn377m #entrepreneurship #corporate #careers
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Incredibly proud of the tremendous achievements of our Chairman Dean Forbes in 2023 in his role as CEO of Forterro. The results and growth speak for themselves and he continues to be an inspiration to both us and our Forbes Family Group community. We have no doubt that we will continue to see another year of strong performance in 2024 and we hope to reflect his success in our own endeavours across our FFG pillars!
We closed the Forterro Financial Year 2023 at the end of December, showing another 12 months of strong performance momentum as we unify our company – while continuing to drive cloud adoption across our growing product portfolio. Cloud transformation Recurring revenue mix was just ahead of plan at the close, resulting in 16% year-on-year organic growth. That on the back of Cloud and Subscription revenues increasing 35% against 2022, fuelled by both strong new-logo sales and customers moving from on-premise to Cloud across several Forterro product lines. This momentum entering 2024 is extremely positive, and we expect the growth trend to accelerate further – especially as our Forterro Cloud Suite proposition (our unified Cloud Platform) takes shape in the second half of the year. And while accelerated shifts to recurring revenue can sometimes compress ‘in-year’ performance, we still grew our overall top-line revenue at just over 9%. Go-to-market momentum The overall sales picture was solid during the period, showing strong double-digit growth vs 2022. There were good results and some excellent wins for new system sales, with deals in our existing base significantly exceeding plan – excellent signals that our customers continue to expand their use of Forterro’s software and extend the services they leverage to maximise ROI. In line with this trend, customer retention remained high at 95%, with insolvency among our smallest cohort of customers being the underlying cause of churn. We look forward to 2024, when we expect to recognise the full benefit of our newly acquired businesses, Proffix of Switzerland and abas BS of France, two high-performing teams that will make Forterro even stronger. Operational efficiency The company performed well against EBITDA and profitability goals, delivering 99% of our EBITDA plan and growing profits 11% year-over-year. We’re especially proud of these achievements given the challenging economic climate, as well as our accelerated transition to Cloud which can sometimes have adverse effects on profitability as the model shifts. So far, we have successfully managed our cloud transition while still growing EBITDA on both a net and percentage basis. People-first values Concluding with our most important metric of all, employee retention was ahead of plan and ahead of market trends for the IT sector in Europe. But while we’re pleased with the progress, we also continue to invest heavily in unifying Forterro from its original federated group structure into one company. Doing so with a relentless focus on employee development and retention – recognising employees as the number-one stakeholder for whom we strive to deliver value. It was a good 12 months, but we want 2024 to be even better again. Our Forterro team is one to be proud of, and our employees are and always will be our top priority.
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Deans message regarding his recent powerlist placement.
At the end of October I was placed at number 2, for the second year running, on the JP Morgan-sponsored Powerful Media Powerlist 100; a list which recognises the UK’s most powerful and influential people of African, African Caribbean and African American heritage here in the UK. I am deeply honoured by this amazing recognition. The list was topped this year by my good friend Edward Enniful, editor in chief of Vogue magazine, and was last year topped by Dame Sharon White, chairman of John Lewis. I am not ignorant that now, more than ever, the world needs more cohesion, humanity and unity than ever and I pray for that reality. With this context, celebrating a list which concentrates on a specific group in society may be a sensitive topic for some. Those that know me will know that I have tried to stand for the collective over the individual and I’m a passionate believer that a society where everyone is seen is better than a society in which only some are. That being said, we are a long way from such a society and those who find themselves in the minority often find it harder to see the reference points that resonate and those that they can aim for. Statistically, in the UK, there are simply fewer such reference points from the group that the Powerlist celebrates, and that is before you get to the structural challenges that exist which can make our progress often that bit harder. I’ve learned in the last few years how my journey, learnings, progress and sometimes my achievements have provided aforementioned reference points for those earlier in their voyage. I’ve valued the countless conversations where something I have said, experienced or shared has been helpful to someone like me, from somewhere like where I am from. I’ve found great purpose in trying to find new and better ways to be that for more people, whilst still relentlessly pursuing my own goals with Forterro and my other professional interests. This for me is what social mobility looks like; a continuous virtuous circle. Thank you to the Powerlist and JP Morgan for seeing and recognising that endeavour and thank you to everyone who has reached out and shared how my acknowedgement has impacted them and their stories. I’d like to thank the excellent team at Forterro, including our brilliant investors Partners Group. It is such a privilege to lead this amazing tech company. I’d like to thank the team at Corten Capital for their continued collaboration including their help on our Cap Table pitch competition and id of course like to thank the team at Forbes Family Group for their endless work which has made such a difference to the 1770 young people we have engaged, with help along the way from our partners Cornerstone VC and our new collaboration with Barclays. I want to be held to account to continue on this journey and in the next year plan to do even better than the last. Thank you and here’s to more equity (pun intended!) for all
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We are delighted to share our new collaboration with Barclays, one of the UK’s leading Banks. Barclays reached out to us to engage around their Black History Month initiatives in October. For us, its always interesting to look at what can be done in Black History Month, but much more interesting to engage in all year round programs, a sentiment that Barclays were very open to. As a result, we have built a solid program of initiatives focused on the engagement of Barclays employees, in particular those from under represented backgrounds in the UK. The collaboration was kicked off in early October with Dean delivering a key note address at their leaders forum at their Canary Wharf Headquarters. Please keep an eye out for more of our collaboration including interviews with key executives on our Cap Table format, leaders dinners, and mentoring and work placement programs. We are so excited to collaborate with Barclays on delivering these initiatives.