Investor information

Aquila Services Group is a multinational plc helping socially focused organisations develop responses to a changing world and make a positive difference to the communities in which they work. We work with clients across housing and regeneration, sport and education, charity and government sectors.

Board of Directors

Derek Joseph

Chair

Derek is Chair of the Board of Aquila Services Group plc. He possesses a wealth of housing sector experience: prior to joining Altair, he was co-founder and Managing Director of HACAS Group plc, a successful quoted social housing consultancy that became a major subsidiary within Tribal Group, where he was Executive Director of Treasury Services. During his career, Derek has advised and project- managed for European governments and cities, UK government departments, local authorities, housing associations, commercial property companies, investors and financial institutions, in addition to structuring joint ventures for numerous organisations. He has also worked as both editor and guest editor of Social Housing Magazine. Derek now divides his time between several senior roles across multiple organisations and is a consultant on a number of major funding projects for affordable housing.

Steve Douglas CBE

Group Chief Executive

Steve is Chief Executive of Aquila Services Group plc. He brings a wealth of experience gained from years of working in the housing and regeneration sectors, where he has held a number of senior roles, as well as being Chief Executive at two housing associations and the Housing Corporation. As Chief Executive of the Housing Corporation, a government sponsored Non-Departmental Public Body, Steve had responsibility for an £8.4 billion three-year budget to deliver 155,000 affordable homes and for regulating England’s 1,500 housing associations. In addition, he led on the creation of the National Affordable Homes Programme, and the introduction of private sector organisations delivering affordable homes. He is currently also chair of one of the largest housing associations in the Capital.

As Group Chief Executive and Executive Board Director, Steve has the responsibility for running and growing Aquila.

F Underwood

Dr Fiona Underwood

Chief Executive

Fiona’s experience is in building and running consultancy businesses, having previously led a large consulting business within a listed company. She is one of the founding directors of Altair and continues to work with clients across the housing sector. She is experienced in mergers and acquisitions and corporate governance, both in the private and the not-for-profit sector.

As Chief Executive of Altair and Group Company Secretary, Fiona is a member of the Aquila Services Group Board and the Group Executive.

For a more detailed biography please see Fiona’s profile on the Altair site.

Claire Banks

Group Finance Director

Claire is a Fellow Chartered Accountant and has significant accounting, finance and corporate experience within the consulting sector. She managers the accounting and corporate functions within the Group. Claire is also registered with the FCA and is the Compliance officer for Aquila Treasury and Finance Solutions Ltd.

John Richard Wollenberg

Non-Executive Director

Mr Wollenberg is Chairman and Chief Executive of the Cardiff Property PLC, a quoted property investment and development company. Since his appointment in 1981 he has substantially increased the asset base of the company. Over the past 25 years he has been actively involved in numerous corporate acquisitions, mergers and capital reorganisations of public and private companies, very many of which were in the services sector. Between 1981 and 1996 he was an investment consultant with Brown Shipley Stockbroking Ltd. Mr Wollenberg has considerable experience and an excellent track record of admitting investment vehicles to the market and then negotiating successful Reverse Takeovers by them.

In 2015, as Chairman of General Industries Plc a cost shell, he negotiated the reverse acquisition of Altair which after two acquisitions was renamed Aquila Services Group Plc. He is a non executive Director of Aquila Group and a large shareholder.

Company info

Say Hello

Tempus Wharf, 29a Bermondsey Wall, West London, SE16 4SA

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Telephone

+44 20 7934 0175

Corporate governance

We are committed to high standards of corporate governance in our business, applying the principles of the corporate code and maintaining sound business ethics.

Board Members responsibilities and information on Board Committees

The Directors (whose names and functions are set out above) are responsible for preparing this report and the financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare financial statements for each financial year. Under that law the directors have prepared the Company and Group financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union and applicable law. Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and the profit or loss of the Company and the Group for that period.

In preparing the Company and Group financial statements, the Directors are required to:

  • present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;
  • state whether IFRSs as adopted by the European Union have been followed, subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company and Group will continue in business; and
  • provide additional disclosures when compliance with the specific requirements in IFRSs is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity’s financial position and financial performance.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company and Group’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and Group and enable them to ensure that the financial statements comply with the Companies Act 2006 and Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

We confirm that to the best of our knowledge:

  • the Company and Group financial statements, prepared in accordance with IFRS as adopted by the European Union, give a true and fair view of the assets, liabilities, financial position and profit of the Company and Group; and
  • these strategic and directors’ reports include a fair review of the development and performance of the business and the position of the Company and Group together with a description of the principal risks and uncertainties that it faces.

Announcements

RNS – Aquila Services Group plc Unaudited Interim Results for the six months ended 30 September 2019

We are pleased to present the half-year report and the interim results for the 6 months to 30 September 2019. […]

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Completion of acquisition of Oaks Consultancy Ltd

Further to the announcement of 11 June 2019, Aquila, a company formed to acquire and operate growing businesses operating in […]

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Aquila Services Group – Result of Annual General Meeting 25/7/19

The Company is pleased to announce that at the Company’s AGM held earlier today, all resolutions tabled were duly passed […]

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Investor information

Country of incorporation and main country of operation

Aquila Services Group Plc is incorporated in England and Wales and this is its main country of operations. Current constitutional documents

Number of securities in issue

As at 29th March 2019 Aquila has 35,307,776 ordinary shares of 5p each in issue.

Details of any restrictions

There are no restrictions on the transfer of the Company’s securities.

Other exchanges or trading platforms

Aquila Services Group Plc is incorporated in England and Wales and this is its main country of operations. Current constitutional documents

Company advisors

Beaumont Cornish Limited
2nd Floor, Bowman House
29 Wilson Street
London
EC2M 2SJ
Tel: 0207 628 3396
Fax: 0207 628 3393

Significant Shareholders to be listed (all >3% holders)Percentage of voting rightsNature of holding
Richard Wollenburg*10.79%Direct
Chris Wood9.29%Direct
Susan Kane9.29%Direct
Fiona Underwood9.29%Direct
Steven Douglas8.91%Direct
Derek Joseph8.51%Direct
Jeffrey Zitron7.93%Direct
Matt Carrol3.70%Direct
Hannah Breitschadel3.70%Direct
*includes shares held by immediate family members of Richard Wollenberg