Paul is Chairman of Literacy Capital, which he co-founded with Richard in 2017 having raised £54 million of capital from investors. He was a founder of Capita and CEO until his retirement in 2014. Since then, he has been a Chairman and investor in a number of businesses
Capita (1987 – 2014)
Paul co-founded the business in 1987 with a £330,000 management buyout, when Capita had 33 employees and £1.3 million of annual revenue
He took the business through an IPO in 1989. By his retirement as CEO in Feb 2014, Capita was a FTSE 100 company (the 52nd largest UK listed company by market cap) with more than 62,000 employees and an enterprise value of £8.5 billion
Purplebricks (2014 – current)
Paul joined the Board shortly after the business began trading and completed a funding round valuing it at £5 million
The business floated on AIM in December 2015 at a valuation of £240 million and he has been non-Executive Chairman since
ITC Luxury Travel (2014 – 2016)
Paul became Non-Executive Chairman & 42.5% shareholder after backing the MBO. This allowed the founding family, who founded ITC in 1974, to sell a majority of the business
During Paul's two-year involvement, the business completed the first acquisition in its history and trebled its profits, before it was sold to a private equity firm
Paul was also Chairman of two large healthcare businesses between 2012 and 2020. IDH (now mydentist), the UK's largest chain of dentists, for Carlyle Private Equity and ICS (now Acacium), a leading provider of healthcare services, for Towerbrook
Previously Paul has also been Chairman of corporate fundraising Boards for both the NSPCC (2004-2007) and Great Ormond Street Hospital (2008-2012)