London Stock Exchange Group (LSEG) announced that it has today welcomed 20 new UK companies to its unique business support and capital raising programme, ELITE. This brings the total number of UK companies in the ELITE community to over 120, which includes companies such as online investment management service provider, Nutmeg, British furniture brand, Swoon Editions, and developers of affordable credit card sized computers, Raspberry Pi.
Robert Barnes, Global Head of Primary Markets and CEO Turquoise, LSEG, welcomed the new ELITE CEO’s and Kirsty Blackman MP, Aberdeen North and SNP Westminster Deputy Leader and Economy Spokesperson to open trading on London’s markets this morning.
Joining the new ELITE cohort are 20 businesses from across the UK, from Oxford to Brighton, including three companies from Aberdeen. Businesses come from across a wide range sectors, from pharmaceuticals to software technology and music. Companies include Northumberland based, Tharsus, a robotics firm that designs the robots used by grocery delivery firm Ocado, life science business, Adaptix, specialised in medical imaging, and state51 Music Group, the first company from the creative music industry to join ELITE.
Today the new UK ELITE group brings the total number of businesses in the community to over 660, from across 25 countries and 35 sectors, generating over £45 billion in combined revenues and accounting for over 180,000 jobs across Europe and beyond.
ELITE continues to innovate with ELITE Club Deal, the online private placement platform helping to streamline the capital raising process for ELITE companies. This year Lendinvest, the alternative property lender and investment platform, was the first ELITE UK business to launch a retail bond in London. Last year, ELITE alumni, Van Elle, the Nottinghamshire based geotechnical contractor, became the first ELITE company in the UK to float on London’s markets, raising £40 million on AIM.
Luca Peyrano, CEO, ELITE:
I am delighted to welcome the latest group of UK companies to ELITE. Innovative, inspiring and fast growing businesses are essential for the British economy, driving growth, innovation and employment. We look forward to supporting 20 more UK businesses scale up and achieve their growth ambitions.
Kirsty Blackman MP, Aberdeen North and SNP Westminster Deputy Leader and Economy Spokesperson:
ELITE is an excellent initiative and I congratulate the 20 high growth SMEs that are joining the 8th cohort, especially those from Aberdeen and surroundings, Attollo Offshore, Blaze Manufacturing Solutions and The Fifth Business. It is really key that good companies become properly connected to the capital they need to grow and create the good quality, well paid jobs that our economy needs.
The names of the new ELITE UK companies can be seen in the table below:
|Attollo Offshore||Aberdeen||Oil and gas|
|Blaze Manufacturing Solutions||Aberdeen||Oil and gas|
|La Fosse Associates||London||Industrials|
|Miro||London||Basic materials Forestry & Paper|
|The Fifth Business||Aberdeen||Industrials|
|The Liars Club||Manchester||Consumer services|
|The state51 Music Group||London||Media|