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Tim Simon – Madiston plc - Founder & CEO - A Short Biog This site is owned and operated by the team at Madiston plc, London, UK, which was founded by Tim Simon, its Chairman and CEO.
In 1972 he joined a small private client stockbroker Schaverien, Habermann, Simon & Co. as a Partner’s Assistant. In late 1974 Tim founded Consultants (Computer & Financial) Limited providing software to the securities and banking market. In April 1981, the company was floated as CCF Group on the Unlisted Securities Market of the London Stock Exchange, the predecessor of the current Alternative Investment Market (AIM). In 1982 CCF opened an office in Hong Kong and by 1991 the company had 8 international offices. The company made 10 acquisitions including companies in New York, Paris and Sydney. It had over 500 institutions as clients, many of them the world’s largest banks and securities houses. Some of its market leading products are still used today as the core part of financial institutions’ business systems. CCF moved to the “big board” of the London Stock Exchange in 1988, changing its name to Quotient PLC. At its peak, the company employed about 500 people and achieved a pre-tax profit of £4.2M from revenues of £25M. The company, which was started with £1,000 capital, never had any debt and was sold in 1991 for £27.2M to ACT Group. Tim has always had a love of sailing having starting racing dinghies at the age of nine. With his family of four children, now all in their thirties, they used to sail whenever they could. Tim has always been keen on sport, being a regular squash player for many years and running in the London Marathon. He only started skiing after his 40th birthday, but fell in love with it. A few years later his two boys coerced him onto a snowboard which has become another key pastime. In 1991 Tim founded Mondas IT and invested in excess of £2M in the development of new technology financial software specifically designed to manage business processes and workflow in the securities and banking arena. When it was floated on AIM in 1996, the company raised about £1M from institutional investors. The company grew at a good rate and made two acquisitions: one providing Internet technology and the second, accounting systems. Revenue grew from minimal in 1996 to c. £5M in 2004 , with over 60 employees and a customer base in excess of 300 including major banks, large corporates and educational establishments. An unexpected boardroom coup caused Tim to leave, and unfortunately the company has gone downhill from there. In 2006 Tim founded Madiston plc, where he is Chairman & CEO, to continue his activity in software and the financial sector, turning also towards consultancy, and mergers & acquisitions ("M&A") in that field. The company now has a broad range of activities from web site design and construction, developing software and web applications, web hosting, consultancy, business planning, corporate finance and M&A. Follow this link for more on Madiston plc. In addition to those mentioned above Tim has a number of other business interests, including property rental, yacht charter, and in the music industry, as set out in his personal website. Follow this link for Tim's personal website. Follow this link to Tim's Linkedin Profile Madiston plc was registered in England on 3rd May 2005 No. 05441652. THIS SITE Copyright © 2010 Madiston plc |
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12/15/2009
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