Newable helps businesses to thrive.
Helping ambitious businesses since 1982.
We aim to make a sustainable profit from helping other businesses thrive.
Every year, we help over 22,000 businesses start, scale and sustain.
When was Newable established?
We were founded in 1982 as Greater London Enterprise (GLE). In 2016, we re-branded as Newable to reflect our bold growth agenda and the wider national footprint of our activities.
Who owns Newable?
In 2023, Newable became 100% employee-owned. Historically, Newable operated as a company limited by guarantee, meaning we did not have shareholders, but instead had members. Our members were the 32 London Boroughs and the City of London Corporation. Find out more.
What are Newable's values?
Newable is a values-driven business. Our values were defined as a result of a company-wide engagement process. The five values are: Dream Big, Get Going, Grow Together, Always Improve, and Pass it On. Together the values help foster a culture that generates business confidence.
The people that deliver on
our mission
Our team is ambitious for our business, our clients and for our community.
View the full Team
Monica Whitefield
Chief People Officer
Monica Whitefield is Chief People Officer at Newable.
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Ketevan Moseshvili
Chief ESG Officer
Ketevan Moseshvili joined Newable in 2005 and is Chief ESG Officer.
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Peter Barrand
Chief Investment Officer
Peter Barrand is Chief Investment Officer at Newable.
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Phil Reynolds
Managing Director, Lending
Phil Reynolds is Managing Director of Newable Lending within the Money division.
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Ruth Holmes
Chief Marketing Officer
Ruth is the Chief Marketing Officer at the Newable Group.
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Mashudul Karim
Chief Information Officer
Mashudul Karim is Chief Information Officer at Newable.
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Steve Jude
CEO, NewFlex
Steve Jude is the CEO of NewFlex, the workspace division of Newable.
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Malcolm Cohen
Managing Director, Advice
Malcolm Cohen is the Managing Director of Newable Advice that helps small and medium-sized business grow and innovate in the UK and overseas.
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Azim Hosein
COO, NewFlex
Azim Hosein is the Chief Operating Officer at NewFlex, the workspace division of Newable.
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"Thank you Newable for your extraordinary service and for making the experience a pleasant and fruitful one for us! Keep up the outstanding work!"
Kevin Hibbert
CEO & Founder of Wax & Seal
Newable is an
employee-owned business
"Employee ownership means everyone working at Newable Partnership Ltd is invested in the future and growth of our business. From now on, the Newable Partnership is owned by the very people who make it successful. We are committed to helping as many SMEs as possible to thrive, through every stage of business growth."
The relationship between Newable Ltd and Newable Partnership Ltd
In 1982, the Greater London Council (GLC) founded our business as a company limited by guarantee under the name Greater London Enterprise (GLE), with 13 London Boroughs as Original Ordinary Members, who each contributed £100,000 as a grant. In 1997, 19 more Boroughs and the City of London Corporation joined as Ordinary Members.
By design, GLE operated entirely independently of the Boroughs, reinvesting its profits, and growing slowly and unspectacularly.
In 2016, the company rebranded to Newable Ltd and our Board, led by new CEO Chris Manson, set a new strategy, aiming to treble the size of the business in five years. This ambitious growth plan was achieved despite challenges such as Brexit, the pandemic, and a cost-of-living crisis.
Newable focuses on social values, practicing Responsible Finance and patient capital, with a robust Environmental, Social and Governance strategy. Operating across three key areas – Money, Advice, and Workspace – the company aims to make sustainable profits while helping other businesses to thrive.
To enable its ambition of trebling in size again over the next five years, Newable needed to change from being a company limited by guarantee (and thus unable to issue shares). Newable therefore moved to an employee-ownership model in a new company, Newable Partnership Limited, owned 100 % by our employees.
Newable Limited exchanged its ownership of the business and assets of Newable for £78 million in Preference Shares in Newable Partnership Limited, redeemable in 2030. This transaction completed in January 2023, following consent from a range of authorities. When the Preference Shares are redeemed in 2030, the £78 million proceeds will be returned to the Boroughs through a process of solvent liquidation of Newable Limited, as prescribed by its founding Articles. Newable Partnership Ltd will continue as an employee-owned business after the Preference Shares have been redeemed with its purpose remaining: to make sustainable profits from helping other businesses to thrive.
The role of the board of Newable Ltd in the period to 2030 is to monitor its preference shares in Newable Partnership Ltd. The non-executive directors of Newable Ltd are listed below with their email addresses, should you wish to contact them.
Guy Nicholson
Guy.Nicholson@newable.co.uk
Anne Watts
Anne.Watts@newable.co.uk
Peter Collis
Peter.Collis@newable.co.uk
42yrs
Newable has been helping SMEs to thrive
1200
Employees across the Newable Group
250
Business support events every year
2023
The year we became an employee-owned business
Join our team
We have plans to increase our business x3 in the next five years. Be a part of our growth.
Our Values
We're a values driven business, fostering a culture of support, ambition and action.
Dream Big
We believe in dreaming big, and inspiring a drive for excellence in others.
Grow Together
We show genuine care to those we work with, giving feedback and sharing success so we can grow together.
Always Improve
We strive to always innovate and make improvements to how we work at Newable.
Get Going
We start with a plan and then get going, showing initiative and activating our ideas.
Pass it on
Share your learnings, skills and experience with others so that they can grow in their role.
Find Us
If you're meeting the team in person, you can find our address below.
Our locations
We have offices across the UK to suit all budgets. Find your new office today.
