British Patient Capital

Our Strategy At British Patient Capital

With £2.5bn to invest over 10 years in venture and venture growth capital, British Patient Capital is the largest domestic investor in venture and venture growth capital in the UK. We can:

  • Increase the amount of long-term investment available for innovative UK companies wanting to scale up
  • Demonstrate to other investors that a long-term patient capital investment strategy can produce attractive financial returns
  • Encourage more investors into making allocations to this asset class

We also work alongside institutional investors to unlock an additional £5bn of patient capital investment. This means we expect a total of £7.5bn to back the continued development of innovative firms that need access to longer-term funding.

Once we have established a strong track record, built our portfolio and proved the value of patient capital as an asset class, the intention is that British Patient Capital will be privatised

British Patient Capital Review

Historically, a lack of patient capital has held back many firms from scaling up and reaching their full potential. This leads to some firms being sold too early to trade buyers and failing to realise their economic promise within the UK.

As part of the British Patient Capital Review the government consulted on potential barriers to accessing finance and the means to overcome them. Following the review’s conclusion in November 2017 the Chancellor announced an action plan to unlock over £20 billion to finance growth in innovative firms over 10 years. The plan included additional resources for the British Business Bank, and the creation of its commercial subsidiary, British Patient Capital.

Our Heritage

Established in 2018, British Patient Capital builds on over a decade of investing £1bn in venture and venture growth capital funds. Several of these funds are now major names in UK venture, and many of our team bring with them the experience, knowledge and relationships gained working in predecessor programmes. These relationships and our reputation allow us to see and take advantage of opportunities others may not.

British Patient Capital is the trading name of British Patient Capital Ltd, a wholly owned commercial subsidiary of British Business Bank plc, registered in England and Wales, registration number 11271076, registered office at Steel City House, West Street, Sheffield S1 2GQ. It is not authorised or regulated by the PRA or FCA. British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such. A complete legal structure chart for British Business Bank plc and its subsidiaries can be found at British Business Bank plc website.

BRITISH PATIENT CAPITAL LIMITED
11271076

Created: 19 June 2020 06:23:52

Companies House does not verify the accuracy of the information filed

 

 

Overview

  • Registered office address: Steel City House, West Street, Sheffield, S1 2GQ
  • Company type: Private limited company
  • Incorporated on: 22 March 2018
  • Status: Active

Key filing dates

  • Accounting reference date: 31 March
  • Last accounts made up to: 31 March 2019
  • Next accounts due: 31 March 2021
  • Last confirmation statement date: 21 March 2020
  • Next confirmation statement due: 4 April 2021

Nature of business (SIC)

  • 66300 Fund management activities

People

Officers:
7 officers / 2 resignations

  • Secretary AMARASEKARA, Shanika ACTIVE
  • Appointed: 22 March 2018
  • Correspondence address: Steel City House, West Street, Sheffield, England, S1 2GQ

  • Director CUMMINGS, Russell ACTIVE
  • Nationality: British
  • Appointed: 13 June 2018
  • Date of birth: June 1964
  • Correspondence address: Steel City House, West Street, Sheffield, S1 2GQ
  • Country/State of Residence: England
  • Occupation: Company Director

  • Director LEWIS LA TORRE, Catherine Elizabeth ACTIVE
  • Nationality: British
  • Appointed: 22 March 2018
  • Date of birth: September 1965
  • Correspondence address: Steel City House, West Street, Sheffield, England, S1 2GQ
  • Country/State of Residence: United Kingdom
  • Occupation: Chief Executive Officer

  • Director MOORE, Hazel Caroline ACTIVE
  • Nationality: British
  • Appointed: 1 June 2019
  • Date of birth: July 1968
  • Correspondence address: Steel City House, West Street, Sheffield, S1 2GQ
  • Country/State of Residence: England
  • Occupation: Director

  • Director MORGAN, Keith Charles William ACTIVE
  • Nationality: British
  • Appointed: 22 March 2018
  • Date of birth: December 1963
  • Correspondence address: Steel City House, West Street, Sheffield, England, S1 2GQ
  • Country/State of Residence: England
  • Occupation: Chief Executive Officer

  • Director GARNHAM, Peter John RESIGNED
  • Nationality: British
  • Appointed: 22 March 2018
  • Date of birth: February 1954
  • Resigned: 13 June 2018
  • Correspondence address: Steel City House, West Street, Sheffield, England, S1 2GQ
  • Country/State of Residence: South Yorkshire, England
  • Occupation: Bank Officer

  • Director GLOVER, Anne Margaret RESIGNED
  • Nationality: British
  • Appointed: 13 June 2018
  • Date of birth: February 1954
  • Resigned: 9 October 2018
  • Correspondence address: Steel City House, West Street, Sheffield, S1 2GQ
  • Country/State of Residence: England
  • Occupation: Venture Capitalist

Persons with significant control:

2 active person with significant control / 0 active statements

  • Bbb Patient Captial Holdings Ltd ACTIVE
  • Correspondence address: Steel City House, West Street, Sheffield, England, S1 2GQ
  • Notified on: 26 March 2018
  • Governing law: Companies Act 2006
  • Legal form: Private Company Limited By Shares
  • Place registered: Companies House
  • Registration number: 11270966
  • Incorporated in: England And Wales

Nature of control:

  • Ownership of shares – 75% or more
  • Ownership of voting rights – 75% or more
  • Right to appoint and remove directors

  • Bbi & Bpc Holdings Limited ACTIVE
  • Correspondence address: Steel City House, West Street, Sheffield, England, S1 2GQ
  • Notified on: 22 March 2018
  • Governing law: England And Wales
  • Legal form: Public Limited Company
  • Place registered: Companies House (England And Wales)
  • Registration number: 11270966
  • Incorporated in: England

Nature of control:

  • Ownership of shares – 75% or more
  • Ownership of voting rights – 75% or more
  • Right to appoint and remove directors

Recent Filing History

Recent Filing History
Date Form Description
3 Apr 2020 CS01 Confirmation statement made on 21 March 2020 with no updates
1 Nov 2019 AA Full accounts made up to 31 March 2019
5 Jun 2019 AP01 Appointment of Ms Hazel Caroline Moore as a director on 1 June 2019
3 Apr 2019 RESOLUTIONS Resolutions

 

  • RES10 – Resolution of allotment of securities
2 Apr 2019 AD03 Register(s) moved to registered inspection location 8 Salisbury Square London EC4Y 8AP
2 Apr 2019 AD02 Register inspection address has been changed to 8 Salisbury Square London EC4Y 8AP
22 Mar 2019 CS01 Confirmation statement made on 21 March 2019 with updates
22 Mar 2019 PSC02 Notification of Bbb Patient Captial Holdings Ltd as a person with significant control on 26 March 2018
8 Mar 2019 SH01 Statement of capital following an allotment of shares on 7 March 2019 GBP 195,722,540
15 Oct 2018 TM01 Termination of appointment of Anne Margaret Glover as a director on 9 October 2018
23 Jun 2018 AP01 Appointment of Mr Russell Cummings as a director on 13 June 2018
13 Jun 2018 AP01 Appointment of Ms Anne Margaret Glover as a director on 13 June 2018
13 Jun 2018 TM01 Termination of appointment of Peter John Garnham as a director on 13 June 2018
1 Jun 2018 PSC05 Change of details for Bbi & Bpc Holdings Limited as a person with significant control on 22 March 2018
22 Mar 2018 NEWINC Incorporation
Statement of capital on 2018-03-22 GBP 1

Registers

Register of directors

Information not on the public register since 2 April 2019

Registers
Dates Location
2 April 2019 Not on the public register

Register of members

Information not on the public register since 2 April 2019

Dates Location
2 April 2019 Not on the public register

Register of person(s) with significant control (PSCs)

Information not on the public register since 2 April 2019

Dates Location
2 April 2019 Not on the public register

Register of secretaries

Information not on the public register since 2 April 2019

Dates Location
2 April 2019 Not on the public register

Fund Managers of British Patient Capital

Advent Life Sciences

Alpina Partenrs

Amadeus Capital Partners

Atlantic Bridge

Balderton Capital

Crane VC

Dawn Capital

Dementia Discovery Fund

Draper Esprit

ETF Partners

FPE Capital

Frog Capital

Hoxton Ventures

IQ Capital

Kennet Capital

Kester Capital

Kindred Capital

Notion 

OXX 

Passion Capital

Panoramic

Seedcamp

Scottish Equity Partners

Westbridge