Walker Morris introduced us to Sturgeon Ventures. Sturgeon incubated us for a short period, albeit our business has been around for 30 plus years. Further to investigation by Walker Morris, our legal advisers, the FCA agreed that our property and loan syndicates were not Alternative Investment Funds (AIF). However our schemes were caught by the Unregulated Collective Investment Scheme (UCIS) rules. As such, we needed an Operator, and our senior management and staff needed to learn how the FCA compliance worked.
Working with Sturgeon Ventures and their team during the incubation and after, has been a rewarding experience. Sturgeon Academy, Sturgeon’s in-house training, taught us many fundamental governance tips that we took back and have implemented into our long-term corporate governance. We were also impressed when different team members have visited us on monitoring visits. Sturgeon’s team members also attended our investor annual meetings; which we believe again, highlights to our investors how compliance and governance is integrated and embraced into our daily business and is part of our culture.