Kubus CEO Andrew Humphrey named one of the UK’s Top 50 Most Ambitious Business Leaders for 2024
It’s a very proud day for all of us at Kubus, as our CEO Andrew Humphrey is named as one of the LDC’s Top 50 Most Ambitious Business Leaders for 2024.
Created by trusted investment partner LDC – part of Lloyds Banking Group, The Top 50 celebrates entrepreneurs demonstrating remarkable ambition, and is now in its seventh year. This year the programme received more than 700 nominations, so the competition was fierce, with immense talent being showcased all across the UK. In the official article released in The Times this morning, Andrew was placed at number 26 of the top 50.
The business leaders featured in The LDC Top 50 for 2024 are making a real impact by creating jobs, promoting social equality, championing sustainability, expanding internationally and integrating purpose into their business practices. They operate from 39 towns and cities across the UK and span every sector of the economy, whilst collectively they employ 5,146 people and generate revenues of more than £1.1bn.
Andrew’s mission to turn Kubus, formerly Hardware, into an exceptional place to work has progressed immensely during his time as CEO. In two years, he has increased holiday allowance and pension contributions for staff, reduced working hours and introduced a hybrid working structure, been accredited as a Living Wage Employer, and received an ‘Outstanding’ Best Companies rating for two years in a row.
“I’m honoured to have made the LDC top 50, it’s a huge achievement not only for me but for the business as well. It’s been my mission to make Kubus an inclusive, caring, enjoyable place to work; I believe if you treat employees properly, they’ll go the extra mile without being asked. This work ethic is evident within our team, and I’m really proud to have created a place of business whose employees genuinely want to be here.”
Andrew Humphrey, CEO, Kubus.
John Garner, Managing Partner at LDC, added:
“It’s been seven years since we launched The LDC Top 50 and in that time we’ve had the privilege of meeting some truly remarkable people. Our business leaders for 2024 show relentless drive and determination in their growth ambitions, and I’d like to congratulate them on everything they’ve achieved so far. This is certainly not the end of their success, and we can’t wait to see what the future holds.”
Kubus continues to grow and develop under Andrews leadership, with him having recently secured a £9M investment from BGF which will allow the business to focus on expanding our networking and security managed services, as well as our technical solutions.
We are all incredibly proud of Andrew for winning such a prestigious award, and it’s clear that Kubus will only continue to flourish with him at the fore. Congratulations Andrew!
Read more about The LDC Top 50 Most Ambitious Business Leaders for 2024 here: https://bit.ly/3Y3rfxY
Kubus announce the appointment of Paul Brennan, Non-Executive Chairman for the business.
We are commencing Q4 with some exciting new developments here at Kubus, with investments, growth, and a non-executive chair joining us.
In addition to our recently announced investment from BGF, we have also been fortunate to benefit from their talent network as we have welcomed our newly appointed Non-Executive Chairman Paul Brennan to the Kubus fold.
Paul has a wealth of experience as a chairman, having chaired multiple Venture and PE backed businesses in Europe and the US for over 20 years. Paul’s specific areas of focus are fast growth technology and tech-enabled businesses, and he has worked with a variety of shareholders, executives, and founder teams to enable significant growth over the years.
Having graduated from the University of Sydney with a degree in Geology and Geophysics, Paul began his career as a systems engineer for IBM. After years of successful personal growth and career development, as CEO of Metamerge, Paul led the company through a successful trade sale to IBM.
“We’re really excited to have Paul join the team. He has such a wide array of experience from different avenues of the tech industry, his informed perspective will surely be key to our success as we work to expand our technical solution offerings. With a proven track record of supporting companies through significant growth periods, the future looks even brighter for Kubus.”
Andrew Humphrey, CEO, Kubus.
Paul has completed 25 funding rounds, 7 acquisitions and 9 exits in a chairman capacity over the years, with success spanning PE and VC. A selection of the most notable deals executed under his chairmanship include the sale of JHC to FNZ, OnApp to Virtuozzo, and most recently the successful exit of Amdaris to Insight Enterprises Inc.
Kubus’ strategic growth plans will put a primary focus on expanding our networking and security managed services, as well as our technical solutions; all inclusive of delivering superior customer experience and satisfaction.
Having previous experience in sales roles as well as an in-depth knowledge of the technology industry, Paul has a significant understanding of the journey we are on to encourage and drive our customers’ success.
“I’m excited to be joining Kubus during a period of such great change and growth, and I’m looking forward to helping them navigate their journey as they expand both their managed service offerings and the business as a whole. It’s an exciting time to be a part of the technological word, and I’m thrilled to be a part of Kubus’ journey forwards.”
Paul Brennan, Non-Executive Chairman, Kubus.
Welcome to the team, Paul!
BGF invests £9 million in Kubus to accelerate global growth plans
Cirencester, UK – Thursday 3rd October: BGF the UK and Ireland’s most active growth capital investor has completed a £9M investment in Kubus, a leading technology value-added-reseller (VAR) headquartered in Cirencester, Gloucestershire.
This significant investment will support Kubus in accelerating its growth, expanding its service offerings and driving innovation as a trusted technology partner for blue chip businesses and public sector organisations worldwide.
Kubus, founded in 2003, has established itself as a key player in the technology industry, offering a range of IT infrastructure solutions focused on networking, server & storage infrastructure and cyber security. With a strong focus on customer satisfaction and targeted supporting services, Kubus has built a reputation for delivering high-quality products and services on a global basis. Kubus works with some of the most innovative vendors in the sector including Juniper Networks, Cisco, Dell, Fortinet and Pentera and has heavily invested in growing its managed services offering.
In the year ended 31 March 2024, Kubus delivered £35m turnover and £2.6m EBITDA. The £9 million investment from BGF will enable Kubus to:
- Support growth through targeted acquisitions
- Enhance its marketing and sales capabilities to reach a broader audience
- Strengthen its operational infrastructure to support increased demand
- Explore new market opportunities and strategic partnerships
Alongside BGF’s investment, the Kubus leadership team has also been bolstered with the appointment of highly experienced Non-executive Chair Paul Brennan through BGF’s Talent Network.
Paul is an experienced Chair focusing on fast growth technology and tech-enabled businesses, and working with shareholders, executives, and founder teams to enable significant growth. He sat on the board of BGF-backed Amdaris which was acquired by Insight Enterprises Inc a Fortune 500 business in August 2023.
“We are thrilled to partner with BGF and leverage their expertise and resources to take Kubus to the next level. As a business based in the heart of the Cotswolds, we’re proud to be working with businesses and organisations across the world. This investment will allow us to accelerate our global growth plans, innovate faster, and deliver even greater value to our customers. With the added support of Paul Brennan in his new role as non-executive chair, the road ahead looks very exciting indeed.”
Andrew Humphrey, CEO, Kubus.
The deal was led by Edwin Davies and Louis Hall, investors in BGF’s South West team.
Edwin Davies, investor at BGF, said:
“We are excited to invest in Kubus and support their vision for the future. With strong vendor relationships and a long-standing, blue chip customer base, Kubus has demonstrated impressive growth and innovation in the technology sector. We believe they are well-positioned to capitalise on the strong market opportunities ahead and look forward to working alongside Paul Brennan and the Kubus management team on their growth journey.”
BGF’s investment in Kubus is part of its ongoing commitment to supporting high-potential businesses across the UK and Ireland. This continues a strong year for BGF’s South West team following a £9m investment in Plant-Ex, a £5m investment in PureCyber and the successful exit of Hydrock which delivered a 6x multiple return and a 40 per cent IRR for BGF. With a portfolio of over 400 companies, BGF has a proven track record of helping businesses achieve their growth ambitions.
About BGF:
BGF was set up in 2011 and has invested over £4bn in more than 600 companies, making it the most active investor in the UK. BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs. BGF invests in growing businesses in the UK and Ireland through its network of 15 offices. BGF is a certified UK B Corporation (B Corp), reflecting its commitment to creating a positive impact across the growth economy.
Read more here: www.bgf.co.uk
Related Links
Thank you to the following outlets who covered this story:
- BusinessLive – Cotswold IT support firm Kubus secures £9m from BGF
- The Business Magazine – BGF invests in Kubus
- Business Sale Report – Cotswolds tech firm to target acquisitions with BGF investment
- Comms Dealer – Kubus secures £9m BGF investment boost
- Financial News – Cotswold IT firm Kubus secures £9m investment from BGF
- FinSMEs – Kubus Raises £9M in Funding
- Insider Media – £35m-turnover tech firm receives £9m BGF investment to accelerate growth
- IT Channel Oxygen – Kubus eyes ‘targeted acquisitions’ after £9m BGF injection
- ListAlpha – Cotswold IT support firm Kubus secures £9m from BGF
- Michelmores – Michelmores advises BGF on investment in cutting edge tech firm Kubus
- Startupmag – Kubus Secures £9 Million Funding for Growth
- Tech Funding News – Kubus lands £9M investment to accelerate global expansion plans
- Techsparx – Cotswold-based tech firm Kubus celebrates £9 million investment from BGF
- Wilts and Gloucestershire Standard – £9 million boost for business near Cirencester
Wellness Culture, Mental Health Support, and Wellbeing Week!
At Kubus, we take the mental health of our employees very seriously. Wellbeing is always a top priority for us, and we encourage our team to take care of themselves both inside and outside of work. We are always flexible and adaptable when required, and take feedback on board with new, strategic approaches to working implemented where possible. For example, once we were made aware of employee feelings toward the 40-hour working week, we were able to make the necessary changes and we now operate a 37-hour week, with hybrid working included. We are very responsive when issues are brought to the fore and try our best to accommodate the changing needs of employees where possible.
We have an exclusive online wellbeing center available to our employees 24/7/365 including exercise videos, healthy recipes, financial wellbeing support, and video tutorials to help with mental wellbeing. We also provide an Employee Assistance program, with access to 6 free counselling sessions either over the phone or online, covering a wide array of topics from poor mental health to family issues. If it’s impacting your wellbeing, it’s always good to talk about it, and this resource is readily available to help those who need it.
Mental Health First Aiders
In addition to the general employee support services, we also have five MHFAiders available during working hours, to provide support and assistance to those who may be struggling. Every member of this team has completed the official Mental Health First Aid England training course and is fully certified to assist in a crisis situation. Kubus’ journey with MHFA England began in 2019, when HR business partner Liv Duncan introduced the concept to us. Liv was the first person to become MHFA certified and has been the key driver of expanding this concept further within the business.
In recent years we have seen more people become willing to open up and talk about their issues with poor mental health, and this is something we encourage enormously here at Kubus. In addition to the MHFAiders, and the above resources, all of our management teams have also received a level of training in mental health awareness, so they can better support their teams. This has done a number of things, It has made it easier for employees to speak up and access the help we have available, it’s encouraged them to feel safer to come forward with problems, and has facilitated easier communication when requesting support with work related issues.
“Becoming a MHFAider was only ever so I could help others, but in the last 12 months I have had my own personal struggles, and I was surprised at how much my MHFA knowledge helped me. For me, having my network of friends and family around was pivotal to managing my issues. I believe it’s essential to bring MHFA into a business setting, so people who may not have that network at home can still receive invaluable support.”
Katy Maley, Vendor Manager and MHFAider, Kubus.
Wellbeing Week at Kubus!
Although wellbeing is a priority for us every day, we put a special focus onto Wellbeing Week this year to further highlight the importance of taking care of yourself. We have made space to enjoy some exiting activities, whilst of course making sure to take regular breaks and keep hydrated in the unusually hot weather.
Smoothie Bikes with Outspoken Cycles
What better way to cool down in the hot weather than with a refreshing, freshly cycled smoothie? On Tuesday, the lovely team from Outspoken Cycles brought us feel-good movement and our five a day with their Urban Smoothie Bike event!
Taking regular breaks is hugely important to your wellbeing, as it can help to prevent burnout and reduce stress levels. We have a variety of snacks delivered every Monday, with everything from crisps and chocolate to a variety of fruits, and we routinely encourage our employees to stop and have a break. It was a great change of pace to see the team stepping into the sunshine throughout the day to whizz up their smoothies, and our special guest Ben Turnbull from Pentera joined in the fun too! Although not all breaks are as exciting as this one was, they should still be encouraged in the workplace as a vital element of daily wellbeing.
Nutrition for Wellbeing Workshop with Lauren Windas
There is an undeniable link between gut health, mood, and mental wellbeing. Taking care of your health is a key element to mastering your wellbeing, and ensuring you are eating a healthy balanced diet is the first step.
Lauren Windas is a renowned registered Nutritionist (BA Hons, mBANT, CNHC), Naturopath, Author, and co-founder of ARDERE a holistic wellbeing company, specialising in a private wellness clinic and natural self-care products.
We were very lucky to receive a 30-minute virtual workshop given by Lauren on the subject of nutrition for wellness, and how to regulate your mood through your diet. Within this workshop, we learned a multitude of interesting facts about the benefits of different food groups, how certain foods can affect your mood, and how to balance your plate to make sure you are getting all the nutrients you need. It was very informative and will certainly help our team stay happy and healthy.
Wellbeing Week Wins
Throughout the week, we have been encouraging our team to take greater pleasure in their mindfulness moments. It’s important to be present during down-time, making sure you are engaging fully with your hobbies, and take time to properly recharge from the stressors of the week. In celebration of intentional unwinding, we asked our team to send us their moments of mindfulness from the week. Here are some of our favorites!
Food Truck Friday
In the spirit of bringing everyone together, on the last Friday of every month we have a team day in the office, and our lovely food truck, That Fish Guy, visits us for a team lunch. This week, it was Mexican food!
Taking care of our team will always be our priority here at Kubus, and as you can see, we have had an action-packed week of wellbeing activities. For more information on what we got up to this week, had over to our LinkedIn or Facebook to see more.
Kubus Celebrates Commitment to Real Living Wage
We are extremely pleased to share that we have been accredited as a Living Wage Employer. This means that our commitment to fair wages will see everyone working with us receive a minimum hourly wage of £12 an hour, higher than the government minimum for over 21s, which currently stands at £11.44 per hour.
The real Living Wage is the only rate calculated according to the costs of living. It provides a voluntary benchmark for employers that wish to ensure their staff earn a wage they can live on, not just the government minimum. Since it began, the Living Wage movement has delivered a pay rise to over 360,000 people and put £3 billion extra into the pockets of low paid workers.
“Our employees are the key to our success here at Kubus, and we want them to know that we value their time and their continued commitment to making our business successful. Paying the real Living Wage is one way to ensure they feel appreciated and recognised for the importance of the role they play here.”
Andrew Humphrey, CEO, Kubus.
We are based in the South-West, a region where 11.8% of jobs pay less than the real Living Wage, that’s around 285,000 jobs. We don’t want to be a part of this statistic, as we believe in delivering a fair day’s pay for a hard day’s work, hence our commitment to paying the real Living Wage.
As the cost-of-living crisis continues to rise steeply, it’s important to us to ensure that our employees are able to live comfortably, and that they are paid according to what they need to make ends meet, rather than simply the government minimum. This reduces the costs and pressures they face in their everyday lives, and enables them to live happier, less stressful lives.
“We’re delighted that Kubus has joined the movement of over 14,000 responsible employers across the UK who voluntarily commit to go further than the government minimum to make sure all their staff earn enough to live on.”
Katherine Chapman, Director, Living Wage Foundation.
Kubus receives ‘Outstanding’ Best Companies Rating
When it comes to measuring employee engagement here at Kubus, The Best Companies process is still a relatively new concept. Introduced to our business last year by HR Business Partner Liv Duncan, this accreditation is regarded as one of the most prestigious standards of workplace recognition. We currently boast the second highest rating, having been awarded two-stars for ‘outstanding’ levels of engagement after our most recent B-Heard survey.
Having been with our company since 2018, Liv has been key to driving pivotal changes in the structure and culture of our business, all in the name of improving the general environment and making it a more collaborative, creative, and supportive place to work. The implementation of the Best Companies process serves to safeguard this immense progress, and our rating stands as a testament to the countless hours of time, effort, and energy that everyone has invested to make Kubus both the company, and the place of employment that it is now.
“When I first started here, there was no process for obtaining employee input or feedback on the decisions being made. Previously, company changes have been implemented via trial and error, with the hope that amendments would be a success amongst employees. This method was neither sustainable, nor helpful in maintaining or increasing employee satisfaction.”
Liv Duncan, HR Business Partner, Kubus.
Being able to provide feedback and give opinions is incredibly important for job satisfaction, and it has been one of Liv’s personal missions to make sure our employee Voice is heard.
“The Best Companies accreditation seemed like the best way to check in on how people were feeling. With the survey being completely anonymous, I feel like people are more inclined to be truly honest about their experience here.”
The focus on the employee Voice and gaining feedback through surveying has had an overwhelmingly positive effect on our business, not only from the perspective of increasing employee engagement, but also through cultivating a sense of trust and understanding between our employees and decision makers. One of the first issues brought to the fore in an assessment prior to the B-Heard survey was the concept of our in-office 40-hour working week. Many employees felt that this structure was outdated, and not compatible with a healthy work-life balance. The senior leadership team took this feedback on board and implemented a new system of a 37-hour working week with hybrid-working; demonstrating that employee concerns will be heeded, by implementing measurable actions and changes.
“The B-Heard survey gives us some really specific areas of improvement that we need to focus on, which is incredibly useful to drive change.”
A significant area of improvement identified within our first B-Heard survey was the drive for further efforts within sustainability, and also the ability to give something back to our local community. Having been at the forefront of pursuing our charitable efforts, Liv is passionate about engaging with our charity partners, so this immediately resonated. From this feedback, our existing relationship with Young Gloucestershire blossomed even further, and to date we have raised almost £17,000 to help sustain the incredible work they do to support young people.
“We’re really excited about our charity partnership with Young Gloucestershire. We occasionally attend their offices on a volunteer basis to do CV workshops and mock interviews with their young people, and each time we visit, it’s clear to see that we’re really helping to make an active difference in people’s lives.”
Whilst our employees do participate in ad-hoc volunteer work within the careers hub of the charity, we also aid them with fundraisers on a larger scale. Previously, we have organized bake sales, participated in the ten peaks challenge, and even had a few courageous team members perform a sky-dive, all to raise money for this worthy cause.
The B-Heard survey, having highlighted our employees’ desire to do more, has made us consider how we can further support our charity partnerships. One area we have been able to make change is by implementing a donation structure for our survey responses, wherein we give £5 to Young Gloucestershire for every survey response we receive.
“Seeing the impact of the changes we have made is a huge incentive for us to keep pushing and trying to drive our engagement and employee satisfaction levels to the top of the scale. This, coupled with our ability to raise money for charity through survey engagement means the Best Companies system is something I would like to keep doing for years to come.”
The survey results not only serve to quantify the ranking achieved, but they also provide insights into the areas of existing success we should be promoting more heavily. One particular highlight which we take a lot of pride in is our attitude towards Mental Health. We currently have four fully trained mental health first aiders available within working hours if anybody needs assistance, and all of our line managers have received mental health training to be able to provide better and more well-informed support to any employees that may be struggling. Additionally, all of our employees have access to an enhanced health and wellbeing hub, which signposts helpful resources and access to further support.
“Working in an environment where you feel comfortable and secure is always going to make you feel more connected, and given how much of our lives we spend at work, creating an enjoyable environment improves this even further. Better well-being translates to better engagement at work, and we want all of our employees to feel safe and secure if they ever need to ask for support. We all struggle at times. No issue is ever too big or too small, if it’s having a negative impact on you, let’s talk about it.”
The most significant area of success derived from the Best Companies system is within our talent acquisition for open positions, as we have found that this is a significant driver in encouraging people to want to work for us. It is mentioned frequently by candidates in interviews, as it provides them with peace of mind that not only is Kubus a great place to work in terms of benefits, support, and culture, but that their opinion within our business matters.
Given that we have moved from ‘good’ to ‘excellent’ within one year of implementing the Best Companies process, we see it as a huge success. Our initial B-Heard surveys gave us great insight into the parts of our business which had not been effectively monitored previously, and the process has helped us better understand our employees’ wants and needs. In order to keep building on this progress, Liv will be trialing the Best Companies enhanced feature package for our next survey.
The implementation of the Best Companies system is paramount to our success as a business. The feedback system is already helping curate a better culture and working environment, with more engaged employees who know their opinion is valued.
“We will continue to put as much time and energy into improving the business as possible, and we can see ourselves continuing with the Best Companies solution for years to come. We are really hoping to obtain our third star from our next survey, and we will continue to push beyond that to make sure our employees always feel valued, engaged, and supported.”
The Kubus Podcast is Here
We are very pleased and proud to announce the publication of the first episode of our new podcast: Kubus Podcast Series. In each episode we’ll be meeting and talking to individuals who can give us real insight into the problems, solutions and people in our technology industry.
In the first episode this series, Katy Maley (Vendor Manager at Kubus) sits down to talk to Kubus’ Paul Bonner (Chief Technical Officer and all-round bearded boffin) about his time in the company, managing an ever-growing technical team, collaborating with our customers’ engineering teams, the support side of Kubus, what makes Kubus a unique Juniper partner, and various other Kubus-related topics.
Katy Maley
Podcast Host and Vendor Manager at Kubus
In future episodes we’ll continue to explore the relationships we have with our vendor partners; explore the products and services they offer at the cutting edge of network, cloud and security technologies; and dive into some case studies exploring specific business requirements and the selection methods and technical solutions used to satisfy them.
We’ll also drag in some other members of our Senior Leadership Team for insights into what working for Kubus means for them and their stakeholders.
Paul Bonner
Chief Technical Officer at Kubus
Whilst we continue to wrack our brains for a catchier podcast title, why not listen to the first episode? You can listen now using the player below, or get it from all good podcast services and apps including Anchor, Google Podcasts, Pocket Casts, and Spotify, just search for Kubus Podcast Series.
We hope you enjoy it. Don’t forget to share and click Subscribe!