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.

Aquila Services Group plc is incorporated in England and Wales and this is its main country of operations.

Company info

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Tempus Whart, 29a Bermondsey Wall West London, SE16 4SA View on map
Telephone
+44 20 7934 0175

Board of Directors

Tom Joseph

Non-Executive Director

Following a degree in Management and Information Systems, Tom has a background in web and software engineering. He now manages a high-yield investment portfolio and is an associate member of the Chartered Institute for Securities & Investment, focussing on UK financial regulation and securities. 

Derek Joseph

Non-Executive Director

Derek stepped down on 1 January 2026 after seven years as Chair of the Board of Aquila Services Group plc. This is to implement a previously agreed succession strategy. He will remain a Group Director for at least a further twelve months to support the new Chair and to provide a focal point for the expansion of the Group’s international business.  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 housing and community projects for Governments and cities spanning Asia, Africa and Europe, 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 and written several books as well as numerous articles on financing the expansion of affordable housing provision. Derek now divides his time between several senior roles across multiple organisations in the housing and finance sectors and is a consultant on a number of major funding projects for affordable housing.

Dr Fiona Underwood

Executive Chair Aquila, Altair and ATFS

Fiona’s experience is in building and running consultancy businesses. As one of the founding Directors she brought her experience of leading a large consultancy business within a listed company and has successfully worked with the board and senior colleagues at Aquila to grow the organisation which now operates across multiple sectors with the aim of ‘empowering socially focused organisations to build better futures’.

As previous Group Chief Executive Fiona knows and understands the business well. As Executive Chair Fiona will guide the Executive and work with the Group Board to ensure the delivery of the new five-year strategy, whist still being able to support colleagues and clients on mergers and acquisitions and corporate governance.

Claire Banks

Group Finance Director and Company Secretary

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 Altair Treasury and Finance Solutions Ltd.

Claire is also Group Company Secretary.

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.

Board Members responsibilities and information on Board Committees

The Board meets at least six times each financial year, with additional meetings when circumstances and urgent business dictate. At each meeting the Board reviews a schedule of matters reserved for the board.

The Aquila Group Board’s main role is:

  • To provide leadership for the Group
  • Overseeing the overall strategic development of the Group and approving the strategy to achieve the Groups strategic aims
  • Setting the Groups values and standards
  • Ensuring effective governance and risk management, and that the Groups businesses act ethically and that obligations to Shareholders are understood and met
  • Delegating the management of the day-to-day operation of the business to the subsidiary boards
  • The Chair will lead the Group Board and work in partnership with other board members to steer the strategic direction of the organisation
  • The Chair will add value to the Group by contributing their experience, expertise and insight in determining and upholding the Groups vision and strategy
  • The Chair will ensure effective governance of the Group and that it is compliant with regulation

Corporate Governance

The work of board composition, succession and evaluation is undertaken by the nominations committee. The Board intend to review the composition of the Board which will include an evaluation and a plan for succession.

The Board meets at least six times each financial year with additional meetings when circumstances and urgent business dictates. At each meeting the Board reviews a schedule of matters reserved for the Board. Further information on the Groups strategy and objectives is details in the annual report. The Groups principal risks and uncertainties are also highlighted within the annual report.

Aquila Services Group PLC delisted from the London Stock Exchange on Friday 22 March 2024.

The Group (Aquila) has received an unsolicited offer from an existing shareholder who wants to purchase shares. They are currently interested in acquiring shares at a price of 13p per share. The potential purchaser has assured us that they have existing cash balances in order to fund this purchase. They have also indicated that they would prefer that any part-purchases were for a minimum of 100,000 shares. All existing shareholders should be aware that the Group cannot comment on any specific approach and would refer shareholders to the most recent published reports which can be found on this website. If you are interested in the offer being made, please contact Claire Banks at Claire.banks@aquilaservicesgrp.co.uk giving your contact details, the name of the registered holder of the shares and the number of shares you would be interested in selling.

Any existing shareholder wanting to register a change in their holdings, or any person or organisation interested in purchasing any shares that become available should contact the Company Secretary on  Claire.Banks@aquilaservicesgrp.co.uk

Matched bargain transactions  in the company’s ordinary shares took place in June 2025 at a price of 13p per ordinary share.

Advisors

Lawyers

Blake and Morgan
One Central Square,Cardiff, CF10 1FS
Tel: 029 2068 6000
DX 33014 Cardiff

Independent Auditors

Crowe U.K. LLP
R+ Building
2 Blagrave Street
Reading
RG1 1AZ

Registrars

Neville Registrars
Limited Neville House
Steelpark Road
Halesowen B62 8HD

Announcements

Aquila Unaudited Interim Results for the six months ended September 2025

Aquila is pleased to announce its Unaudited Interim Results for the six months ended 30 September 2025. Please click here […]

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Annual Financial Report for the year ended 31 March 2025 and AGM Notice

Aquila is pleased to present its audited annual report and financial statements for the year ended 31 March 2025. The […]

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Aquila Unaudited Interim Results for the six months ended September 2024

Aquila is pleased to announce its Unaudited Interim Results for the six months ended 30 September 2024. Please click here […]

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