Rich is an entrepreneur who has enjoyed a successful business career in the UK, and has been instrumental in the development and expansion of social enterprise and social entrepreneurship worldwide.
He was a founder director and co-owner of a start-up consultancy, Capita. For 14 years Rich led Capita’s organic growth into Capita plc, a London Stock Exchange listed company and one of the UK’s premier outsourcing companies. From start-up in 1984, Capita achieved sales of £238m, with profit of £35m when Rich left in 1998 [and in 2013 posted sales of £3.9bn and earnings of £0.5bn].
‘Retiring’ to become primary carer for his young family whilst his wife established her own social enterprise, he continued part-time in business as Chair of Mouchel plc, a loss making staff owned engineering consultancy with sales in 1998 of £40m. Regaining profitability and focus, he listed the company on the London Stock Exchange, and a year later led the merger with another public company, Parkman plc. In his 10 years leading Mouchel he achieved earnings growth of 15+% p.a, and grew Mouchel to sales of £650m and a market capitalisation of £400m.
He has also chaired a public and a private recruitment company, in both cases turning round the business from loss to profit and stability. And in his idle moments, Rich has founded two start-up businesses and is an angel investor in two other companies.
At different stages in his business career he has also chaired two school governing bodies, and an inner London Education Action Zone comprising 17 ‘failed’ deprived area schools.
He took on the unpaid role of Chair of UnLtd, the UK’s leading supporter and funder of social entrepreneurs. He served a 6 year term overseeing the expansion of funding, corporate funders and numbers of social entrepreneurs supported. Through this role he became an active supporter of and fundraiser for UnLtd South Africa, and Kwasa pre-school, one of its awardees. He continues to be active in South Africa, supporting the merger of UnLtdSA with the Life College Group, and helping Kwasa develop into a full 2-18 ‘low fee’ independent college.