24 Mar 2020

We are pleased to announce the winners of the BVCA’s London and South East Management Team Awards 2020, our annual showcase for the best businesses in the UK backed by private equity and venture capital.

Produced in association with Grant Thornton, these awards demonstrate private equity and venture capital at work. Each year, hundreds of companies compete across the country for the opportunity to be named as one the UK’s most outstanding teams, illustrating the positive impact our industry is having on the national economy and society at large.

The 2020 awards open with the London and South East, and the winners will now go forward to the national final to compete with businesses across the UK before the national awards are announced in December.

The winners are:

Large Company Management Team
CFC Underwriting

CFC is a specialist insurance provider and pioneer in emerging risk
Backed by Vitruvian Partners

Our judges said: “CFC started in 1999 and rode the ‘dotcom boom’ wave and evolved into a successful, profitable largecap business that is a major pioneer in the emerging risk space, boasting a global customer base. David Walsh has led the business since its creation and has built a management team whose primary focus has been on the culture of the business, building long-term relationships with clients and a strong, integrated team.”

Mid-Market Management Team

A no-code, AI-enabled platform to automate complex processes end-to-end
Backed by CBPE Capital

Our judges said: “Since being founded in 2003, Xceptor has grown from a small start-up business into a successful, profitable SaaS-based tool provider. Andrew Kouloumbrides has created a very strong company culture that combines entrepreneurial spirit, alongside collaboration and trust, that has contributed to the company delivering high levels of growth. Since CBPE’s investment in 2017, revenue and EBITDA have almost doubled and the business has successfully expanded into new markets and verticals.”

Growth Management Team
Bloom & Wild

Europe's leading and fastest growing direct to consumer flower scale-up
Backed by BurdaPrincipal Investments, MMC Ventures and Piper

Our judges said: “Bloom & Wild is a fantastic, thoughtful and strategic business that has disrupted and revolutionized Europe’s fresh-cut flower market by turning the traditional model on its head. The business has invested heavily in technology to transform both the customer experience and the traditional supply chain. It’s impressive to see that in the last two calendar years they have grown revenues by 66% and 67% respectively, and have expanded internationally, becoming the second largest cut flower delivery business in the UK in just six years.”

Venture-backed Management Team

Revolut is a global financial platform that is transforming the way money works
Backed by Balderton, Crowdcube, Draper Esprit, Greyhound Capital, Index Ventures and Lakestar

Our judges said: “Revolut’s growth since it was founded in 2015 is truly impressive and they are clearly the standout winner in what was a very strong category this year with more than three times as many entrants as 2019. Vlad and Nikolay and their team have reinvented the way in which consumers spend and transfer money abroad and the business is on a pathway to profitability and strong EBITDA as it continues to expand at an incredibly rapid rate.”

Business Transformation Management Team

Cloud communication, contact & cyber solutions, delivering growth & profitability
Backed by LDC

Our judges said: “Matthew Parker and his team have successfully transformed Babble from a loss-making business to a company with multi-million pound revenues and earnings, recording double-digit organic growth. Matt and his team turned the business around by encouraging values based cultural change, with a focus on a clearly articulated strategy and vision. It’s impressive to see the employees have an unusually high influence on tone, culture, values, and strategy at Babble. It’s also commendable that Babble has a number of initiatives in place to reduce their carbon footprint.”

Further details of the award categories, judging criteria and runners-up can be found in the awards programme here.

For further information, please contact

Tom Allchorne, Director, Communications, BVCA
+44 (0)20 7492 0407 or

Notes to editor

  1. The BVCA Management Team Awards, produced in association with Grant Thornton UK LLP, are the only awards to celebrate the achievements of private equity and venture capital-backed management teams. There are eight areas across the UK in total, each with their own judging panel, and all winners are automatically forwarded to the national final, the results of which will be presented in December. .

  2. The British Private Equity & Venture Capital Association (BVCA) is the industry body for the UK private equity and venture capital industry. The BVCA has over 800 member firms, representing the majority of UK-based private equity and venture capital firms and their advisers..

  3. Grant Thornton is one of the world’s leading organisations of independent assurance, tax and advisory firms. These firms help dynamic organisations unlock their potential for growth by providing meaningful, forward-thinking advice. Proactive teams, led by approachable partners in these firms, use insights, experience and instinct to understand complex issues for privately owned, publicly listed and public sector clients and help them to find solutions. More than 35,000 Grant Thornton people, across over 100 countries, are focused on making a difference to clients, colleagues and the communities in which we live and work. The UK Grant Thornton member firm provides services to over 40,000 privately held businesses, public interest entities and individuals. It is led by more than 185 partners and employs more than 4,200 of the profession's brightest minds. Find out more at

Further information


 +44 (0)20 7492 0400