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Britain’s Capita Appoints New Chief Growth Officer

In a new move, Britain’s Capita Plc has appointed Ismail Amla to the new role of chief growth officer effective December 1, the company said on Thursday (06).

The new role and appointment is part of the efforts of company’s CEO Jon Lewis as he plans to return the outsourcing company to revenue growth path in 2020.


In his new role at Capita, Ismail will support Capita’s transformation and organic growth plans, including the simplification of the company’s business development and marketing; and, drive change in the company’s sales model, the company said in a statement.

Two weeks earlier, Capita appointed a new chief financial officer, Patrick Butcher, from Go-Ahead Group. Capita had recorded a 60 per cent decline in the first half pre-tax profit in August.

CEO Lewis was joined Capita late 2017 after a sequence of profit warnings which forced the Capita to raise £700 million in April.

Ismail joins Capita from IBM where he was Managing Partner of IBM Global Services (North America), the company’s professional services division and the world’s largest consulting organisation.

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Tax reforms threaten Britain’s family firms as financial strain deepens

Highlights

  • Family businesses make up 90 per cent of UK private firms and employ 13.9 m people.
  • Nearly 50,000 businesses now in critical financial distress, up 21 per cent year-on-year.
  • Ethnic minority businesses contribute £74 bn annually despite facing funding barriers.
Family-owned companies, the backbone of Britain’s private sector, are warning that looming inheritance tax reforms could cripple investment, drive jobs overseas, and weaken an economy already battling rising financial distress.
Ranjit Singh Boparan started with a small bank loan and a butcher’s knife. Today, his 2 Sisters Food Group employs 25,000 people and supplies chicken and ready meals to almost every major UK supermarket. He notes that family businesses like his have been forgotten by the government.

“To get the UK economy going you’ve got to use family businesses as the backbone of it, not the BlackRocks or the Vanguards,” Boparan told The Times. He says overseas investment giants “will come in, they will take and they will go. He adds they have no allegiance to the country.” Boparan describes the proposed changes as “horrific” for family businesses and warns they threaten food security as companies think twice about investing.

Family firms make up 90 per cent of all private sector companies in the UK and employ 13.9 million people. These businesses contributed £575 billion to the economy in 2020, accounting for 51 per cent of all private sector employment.

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