The Business Exchange Bath & Somerset Issue 6: Winter 2017/18 | Page 6

Voices from the Bath community on “ The year that was ....”

Bill Vasilieff
CEO of Novia
2017 has been a somewhat surprisingly successful year for Novia Financial in the light of Brexit looming , with new business written so far this year now over £ 1bn and 35 % up on the same period last year . Stock markets are very strong with the FTSE 100 up 5 % this year and a staggering 20 % since the Brexit vote which is great news for businesses like ours . The net effect of all this is that assets under administration , on which we take a ( small ) percentage charge , have risen to £ 5.75bn from £ 4bn around Brexit vote day . All of this is good news and we continue to grow the business ahead of plan .
There is however some major new regulation coming in from Europe in January2018 which requires a significant amount of development work and this , along
with other projects , is keeping the team very busy .
Our other business , Novia Global , is still running at a loss which is as expected , but after two years doing the groundwork , we are just beginning to see the results with a number of initiatives starting to bear fruit , particularly a joint venture in South Africa and an unexpected distribution deal in the USA .
So good news all round although we shouldn ’ t be complacent as right now the markets are favourable .
Keith Dewar
Group Marketing & Product Director
It ’ s been an incredible twelve months for the MyLife Digital Group – which consists of Wood for Trees , a data analysis company specialising in Charity and Not for Profits , Insight , a sports performance analysis company , and Consentric , a secure platform offering three solutions for data capture , permissions processing and machine learning . A year ago , we moved from offices in Bradford on Avon , to our new home - Citizen House in Bath . We had 86 full and part-time staff then , but we have grown considerably to a team of 123 which is still expanding ! 2017 saw us launch the Consentric Platform , gain ISO 27001 accreditation , rebrand PGIR to Insight , launch two new websites , on-board our first
Consentric Permissions client , add fourteen partners to our reseller and referral network and win Best Supplier of the Year Award , for Wood for Trees , at the Institute of Fundraising Awards .
The Consentric Platform was also accepted onto the G-Cloud 9 framework on the Digital Marketplace – the procurement service for the Public Sector , making MyLife Digital a Crown Commercial Services Supplier .
Wood for Trees also celebrated an anniversary , ten years of helping around 50 of the UK top charities with the analysis of their data bases to improve fundraising efforts to support good causes .
Our Insight sports analysts were instrumental in the Lions Tour and the 2017 World Rugby Under 20 Championship , Six Nations and the England Seniors tour of Argentina .
Across the group we have supported over 20 conferences , as keynote speakers and
exhibitors . We ’ ve held breakout sessions and workshops on the incoming General Data Protection Regulation , Improving Fundraising , and Elite Sport Performance .
On a more personal note , our team have been fundraising for our Charity of the Year – Dorothy House and had numerous bake sales , Christmas Jumper Days and a 130-mile cycle ride around all the Dorothy House Shops raising around £ 2,500 .
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6 THE BUSINESS EXCHANGE 2017