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Overview








Overview

What does BBAA Do?
The British Business Angels Association (BBAA) is the new National Trade Association for the UK’s Business Angel Networks and its Associates and Affiliates.  It has evolved from National Business Angel Network (NBAN) and is backed by the DTI and is sponsored by Nesta and Kingston Smith.

The BBAA has a number of roles that include:
  • Promoting business angel finance as a normal way for new and high growth potential businesses to fund their risk capital requirements.
  • Having an agreed code of conduct for all Members to promote best practice and transparency across the industry.
  • Encouraging contact and the exchange of experience and ideas between Business Angel Groups.
  • Representing Business Angel groups at a national and governmental level, and on their behalf undertake lobbying and similar activities.
The BBAA Articles and Memorandum will give you a clearer idea about our aims.
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    Board of Directors
    BBAA is run by a board of industry professionals

    BBAA Chairman

    Anthony Clarke. Managing Director, London Business Angels www.lbangels.co.uk

    Anthony qualified as a chartered accountant with Deloitte Haskins & Sells (now PWC) in the late 1970's and soon after as a chartered secretary. Thereafter, he worked on a full time basis as a finance director and chief executive of a number of privately owned SME companies and since 1995 he has been a business angel investor/non executive director of six start up/early stage businesses. Anthony is managing director of GLE Growth Capital which includes London Business Angels and its sister company London Seed Capital. He is also managing director of the UK’s first Enterprise Capital Fund - Seraphim Capital. He is president of European Business Angels Network (EBAN). Anthony also holds a position on the board of CASI (Council for Advancement of Science and Industry for London).

    BBAA Executive Committee


    Paul Gardner     MBA, FSI Dip M. Managing Director, c2ventures Ltd www.c2ventures.com
    Paul holds an MBA (Corporate Strategy and Advanced Finance majors) and the Diploma in Marketing from the Chartered Institute of Marketing. He has spent over 20 years developing creative but pragmatic business solutions and has worked across Europe and the US providing solutions for Microsoft, Hewlett Packard, British Airways and American Express amongst others.  His last venture was included in the Financial Times | Bathwick Consulting Hot 100 as one of the top 75 European Start Up businesses. Paul is also an investor, shareholder and director of Corporact Limited, a shareholder in 50 Lessons Limited, a member of Lumley & Partners LLP- a private family fund and takes an active interest in Re5ult Limited and 50 Lessons

    Oliver Woolley     MBA. Partner, Envestors LLP www.envestors.co.uk


    Oliver Woolley is a partner in Envestors LLP, which includes Envestors Private Investor Club, a network of 300 private individuals looking to invest upwards of £20,000 in early-stage businesses. In 1987, Oliver decided not to become an accountant with Spicer and Pegler, but instead raised equity and bank debt to start his own venture in the food industry. The business included a health food store, two sandwich shops, three organic sausage shops and a sausage manufacturing unit in the South-east. In 1997 he sold the businesses and moved on to investing in and advising entrepreneurs. In 2004, Oliver started Envestors LLP with three other partners. Oliver has a MBA from Imperial College, specialising in entrepreneurship.

    Alex Macpherson.      Chief Executive,  Katalyst Ventures Ltd. www.katalystventures.com

    Alex's background is in finance. He spent ten years with S.G. Warburg, specialising in structuring, trading and marketing equity derivative products. He then formed a financial and management consultancy advising small businesses on growth and expansion.

    BBAA Board Members


    Other board members:

    BBAA Management

    Liz Carrington, Operations Manager

    Liz is responsible for the overall management and operations of BBAA. She has gained a BA (Hons) in International Business from the University of Lincoln and also has a BA in International Business from the Auckland University of Technology.


    Katie Mountain, Assistant Manager

    Katie is responsible for the day to day running of BBAA and will be able to help you with any queries which you may have. Recently back from travelling Katie has gained a Ba (hons) in Business and Economics from Manchester University.

    Membership

    The BBAA welcomes new members and associates who are interested in early stage investments. The BBAA has two subscription-based categories of membership:

    Member (£750 plus VAT per year)

    Associate  (£500 plus VAT per year)




    Full  Member
    To become a Member the organisation applying must:

    • Be a formally structured or constituted Business Angel group, network or syndicate,
    • Have an active involvement in the small- to medium-sized (SME) investment market,
    • Agree to abide by the BBAA ‘Code of Conduct’ and Disciplinary Procedure,
    • Have two full members of BBAA to sponsor their application to become a full member.
    For more information on becoming a BBAA Member, click here 

    For a list of Current Members, click here
    Associate Member
    Organisations, other than Business Angel groups, which have evident interest in the Business Angel and SME investment market are welcome to become an Associate.


    This includes corporate financiers, academics, solicitors, accountants, venture capitalists and other relevant professionals and intermediaries.


    For more information on becoming a BBAA Associate, click here 

    For a list of Current Associates, click here Associates


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    BBAA 2006 Conference

    Date: 12th & 13th June 2006

    Venue: Royal Bank of Scotland, 280 Bishopsgate, EC2M 4RB

    The BBAA held their second Annual Conference on the 12th and 13th June 2006. With over 180 attendees the conference was deemed alround to be a successful event.

    For further information about the conference click below:

    Agenda of the Conference

    Chairman's overview of the event

    Key Presentations

    Rod Selkirk - BVCA
    David McMeekin- Specialist early stage investing
    Mary Reilly-London: Entrepreneurship and Enterprise
    Leigh Hackel- Is there too much money in the U.K. early stage equity market?

    If you would like further information about the conference or BBAA in general please contact Liz@bbaa.org.uk


    Sponsored by: 
    Image Image



    BBAA 2006 Awards Dinner

    Date: 12th June 2006

    Venue: Great Eastern Hotel, Liverpool Street, London, EC2

    Most Exciting New Entrant to The Market Sponsor: Angel News
     
    Winner: The Seraphim Fund: Seraphim is a new consortium of Business Angel networks and corporate venturers across the UK which have joined forces to raise £10m private investment, with £20m UK Government backing, to manage one of the new UK Enterprise Capital Funds. Seraphim’s partners include Business Angel networks from the South East represented by London Business Angels and Pi Capital, Advantage Business Angels in the Midlands, in the North through Entrust and in Scotland through Archangels.

    Reason: The judges felt that this was an exciting new opportunity for the Business Angel community which has several key new innovations.
     
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    Most promising investment in a Technology Firm  Sponsor: E-Synergy
     
    Winner: Advantage Business Angels with Phynova Group plc : This company has licensed a number of Chinese medicines from the Chinese government and is developing them for the European and US market. In 2003 Advantage Business Angels raised £375, 000 for them from 5 Angels at 35p per share. In Feb 2005 the company raised £3.7Million at 77p per share and floated on the AIM market and currently trades at around 90p.

    Reason : The judges felt that though this network the company had raised good money followed by a floated on AIM and that it is an exiting new technology
     
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    Best Syndicated Deal  Sponsor: TEChINVEST   

    Winner: c2Ventures Limited for Moixa Energy Ltd : Moixa Energy is a new company that is developing and launching pioneering battery technology. The syndicate was put together by founder Simon Daniel with support from c2V and the Eyes of Texas Partners. Leveraging a £152K LDA development grant the company was able to attract a further £675K in less than 6 weeks from a range of individual and investors and investment vehicles in the UK and US, the two initial markets for the company.

    Reason:  The Judges felt that a company raising money on both sides of the Atlantic was a very impressive achievement for an early stage firm.

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    Business Angel of the Year  Sponsor: SEEDA
     
    Winner: Mr Stephen Hannam : Stephen has invested in four companies over the last two years and is chairman of two.  

    Reason: The Judges felt that Stephen was a good Investor adding value beyond pure monetary terms.

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    Best Angel funded deal with Young Management  Sponsor: Crimson Business
     
    Winner: 82ASK: 82ASK’s founders, CEO Sarah McVittie (28) and CPO Thomas Roberts (28), met while working as Financial Analysts in London. 82ASK is an SMS text answering service that enables mobile phone users on all six UK networks to text any question to 82275 and receive an answer in minutes. The 82ASK system features sophisticated routing, automation, and interaction with research experts – known as ‘Texperts’ – to provide individually tailored, relevant answers to all questions.

    Reason:  The Judges felt this was a new and innovative concept which has already achieved considerable success with a young and capable team behind it.

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    Mo st Creative Deal Structure of the year  Sponsor: Advantage Business Angels

    Winner:  RisingStars Growth Fund / TEChINVEST investment in Plant Impact plc: Plant Impact presented to TEChINVEST members and other funds in late 2005. Three venture funds managed by TEChINVEST members invested £600,000 and six angels invested £400,000 (total £1 million). The use of a simple but unusual deal structure for an early stage company, allowed nine investors to participate in the deal on the same terms, thereby avoiding protracted negotiations and overly expensive legals.

    R eason: The Judges felt that this deal contained many different components and congratulated them on the neatness of the offer. It was felt to be an Interesting and novel approach to structuring a deal.



    Code of Conduct

     and . Before organisations can become a BBAA Member they must have two full members of the BBAA to sponsor their application.and . Before organisations can become a BBAA Member they must have two full members of the BBAA to sponsor their application.



    Legal Notice

    BBAA (British Business Angels Association) website Legal Notices

    Please read these Legal Notices carefully before using this site.


    Legal Status
    The BBAA (British Business Angels Association) is a limited company registered at 20 St Thomas Street, London, SE1 9RS. The Company number is 02127064.


    Copyright
    The copyright and other intellectual property rights in all text, information, graphics and any other materials on this website are owned by or licensed to the BBAA (British Business Angels Association). You may print or download extracts from this website for your personal reference only, provided that you may not amend, alter or modify such materials. Neither this website nor any part of it may be otherwise copied, reproduced, distributed or retransmitted in electronic or other media, including without limitation, in any other website or database without our prior written permission.


    Trademarks
    The BBAA, the British Business Angels Association and the BBAA logo and any other names, images and logos identifying the BBAA are either trademarks or registered trademarks of the BBAA. This website may also contain the registered and unregistered trademarks and logos of third parties which are used on this website with the permission of such third party.


    Liability
    The content of this website is based on information available to the BBAA as at the time of editing and accordingly may not remain current. The information has not been verified by the BBAA and no responsibility is accepted by or on behalf of the BBAA for any errors, omissions, or misleading statements.

    The website is provided as an information guide only and the BBAA is not responsible for any consequences arising out of the use of or reliance on this information, and does not accept any liability for any loss incurred. In particular, nothing herein constitutes specific legal or business advice nor should it be taken as such. Parties in need of such advice are urged to consult their legal advisers, bankers, brokers, accountants or other professional advisers.


    No reference to any organisation, company or individual, whether on these pages or other websites to which these pages are linked shall imply any warranty as to its standing or capability on the part of the BBAA.


    The BBAA hereby excludes to the fullest extent permitted by law, any warranty express or implied, as to the quality, fitness for purpose, accuracy, timeliness, completeness, performance or availability of this website or any part of it. The BBAA shall not be liable for any loss or damages, whether arising in contract, tort (including negligence) or otherwise arising from or in connection with this website, its contents, its unavailability or any interruption or delay in access to the website for whatever reason. The BBAA does not seek to exclude its liability for death or personal injury arising from its negligence. This website contains materials produced by third parties and the BBAA accepts no responsibility or liability in respect of any such third party materials. This website also contains links to third party websites which are outside the BBAA's control. The BBAA is not responsible for, and accepts no liability for, the materials appearing on such third party websites and does not endorse such websites or any goods or services referred to therein.


    Data Protection
    Any information which you provide about yourself or any third party will be used by the BBAA in accordance with applicable data protection laws.


    Privacy Policy
     When you visit this site, the BBAA does not collect any personal identifying information about you. We do not use individual information for commercial purposes nor do we share this information with any other organisation. You will not receive any email from the BBAA simply as a result of visiting our site.


    The BBAA site may use cookies for identification within the shopping facility. A cookie is a small file that is automatically sent by an Internet server and which installs itself on the hard disk of your computer, so that it can remember something about you at a later time. Users, who don't want to have cookies installed can disable them in their browser.


    The BBAA may gather information about how the site is used. For instance, our web server automatically collects each visitor’s domain name (the internet name of the organization through which the visitor connects to the site). We also collect aggregate information about users' visits; such as when the site is visited most often and which areas of the site are accessed most often. We use the automatically collected information to analyse how to improve our site.


    The BBAA stores personal information on those customers who have ordered either hard or electronic publications from this website and those booking training courses. The BBAA does not use individual information for commercial purposes nor do we share this information with any other organisation. The information held on you is stored securely.


    Governing Law
    This website including these Legal Notices are governed by English law and the English courts shall have exclusive jurisdiction over any disputes arising from or in connection with this website.

    All BBAA members are bound by the BBAA's Code of Conduct
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