Peter Saunders named UK Business Angel of the Year

Press Release:

Entrepreneur and business angel Peter Saunders has been named UK Business Angel of the Year by the British Business Angel Association – the first Welsh business angel to receive the title.

The businessman from near Tywyn, Gwynedd, who currently has investments in Cardiff-based Boulders and Object Matrix, Welshpool-based ISP eXwavia, Pelydryn in Newport and True Energy in Tywyn, was awarded the coveted national title at the BBAA’s award ceremony in London.

Mr Saunders, who established and built up Tywyn-based Halo Foods Group into a multi-million pound turnover business before selling it in 2004, said he was “privileged” and “overjoyed” to have received the award.

“I’m very privileged to have received this award when you consider the strength and diversity of the UK business angel sector and the people that I was up against.

“It reiterates how Wales is a place for business angels, VCs and others to invest in high growth start-ups and expanding businesses.”

He added: “Since I started investing in 2005 it has never ceased to amaze me how many people and businesses are in Wales with opportunities and ideas for novel and innovative business ventures at start-up, early stage or requiring development capital.

“I’m already working with some great businesses in South, Mid and North Wales that have great potential not just for growth, but to make a real difference to their communities and supporting Wales’ drive for economic growth.”

Peter is a member of the xénos business angel network, which is a subsidiary of Finance Wales, and was nominated for the award by network manager, David Maas.

David Maas, manager of xénos, the Wales Business Angel Network congratulated Peter on his achievement: “Peter is a long-standing and well-regarded member of the xénos network and he’s invested in a number of companies through xénos.

“This award recognises angels who not only invest in businesses, but also use their experience, skills, contacts and provide mentoring to support successful growth. I’m pleased that Peter’s achievements have been recognised by this prestigious national award.”

The BBAA’S UK Business Angel of the Year recognises the individual angel investor that can be shown to be a very active investor in start-up and early stage businesses during the past year.

They can be new to investing or experienced. The award seeks to identify the investor who has not only brought their financial capacity to the businesses but provided clear added value to their investee portfolio, offering experience, skills, contacts and mentoring to support successful growth and potential exit. The investor can be acting alone or as part of a syndicate and is open to men and women.

The view from OM

We are delighted that Peter has been recognised for his vision, passion and expertise by his peers. We often take advantage of Peter’s wealth of knowledge and hard earned wisdom to help guide us through some of the many challenges that running a profitable and growing company can bring. Congrats Peter!