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Company Information
Company Description
The Company was incorporated in England and Wales on 5 July 2011 under the name GreenSpur Renewables Limited and renamed as Time To ACT Limited on 12 October 2019 following the acquisition of Diffusion Alloys Holdings Limited. It converted to a public limited company on 1 November 2023.
The Group is an engineering business focused on technology in the energy transition sector. It currently has two principal operating divisions; Diffusion Alloys and GreenSpur. TTA acts as the holding company for the Group, provides strategic and operational support to the operating companies and also capital to enable their growth.
It is the Directors’ intention to grow the Group both organically and through the potential acquisition of companies or businesses with complementary technologies in the cleantech sector. Such acquisitions could be of both established and early-stage businesses, as well as intellectual property which would benefit the Group and its strategic aims.
Incorporated and registered in England and Wales under the Companies Act 2006 with registration number 07693175.
Address
Level Q, Surtees Business Park, Stockton-On-Tees, England, TS18 3HR
Telephone: +44 (0) 1642 967138
Email: investorrelations@timetoactplc.com
Media Enquiries Email: TimeToACT@stbridespartners.co.uk
Executive Team
Chris Heminway (Executive Chairman)
MD of Lehman Brothers Europe. Number-one rated equity analyst. Over 35 years experience as an investment banker, advisor, consultant and business owner. Long time proponent of clean technology and engineering.
Gary Wallace (Chief Financial Officer)
Award winning Chartered Accountant. Strong practice background. Gary has held progressive finance roles at $2bn turnover Venator Materials plc and PE backed Boasso Global. 8 years board experience.
Jason Moody (Chief Operating Officer)
A Chartered MBA graduate with a degree in M.Eng., Jason brings world-class operational leadership experience from the aerospace, automotive, off-highway and material science sectors.
Non-Executive Directors
Andrew Hall (Non-executive Director)
In a twenty-year career with Siemens, Andrew was most latterly Chief Financial Officer of Siemens UK, Siemens Wind Power and Chief Financial Officer at Siemens Gamesa Renewable Energy S.A.
Andy Hoare (Non-executive Director )
Founded the City Group of companies which he grew from £1m to £45m of annual revenues prior to the sale to Stockholm-listed ITAB AB. Subsequently a member of the ITAB AB European Executive Management team.
Rich Furniss (Non-executive Director )
MD / Country Manager for Nordex between 2013-2018, following a 23-year career at Converteam / Alstom / GEC. Experienced energy transition consultant and NED. Keen focus on wind energy and commercial pathways.
Sheila Beniams (Non-executive Director )
Seasoned professional with extensive experience in recruitment, business strategy and governance. Based in the North East, highlighting the company’s commitment to business in the region.
Jeremy Earnshaw (Non-executive Director )
A chartered accountant with over 25 years in global CFO roles. Public, private and PE experience. Has successfully completed a full stock market listing, over 20 M&A transactions and raised over £750m in debt and equity.
Corporate Governance
The Directors recognise the importance of sound corporate governance and, with effect from Admission, the Directors intend to observe the requirements of the QCA Code to the extent they consider appropriate in light of the Company’s size, stage of development and resources.
Given the nature and purpose of the Company, the experience of the Directors and the Company’s proposed strategy, the Directors believe that the composition of the Board is appropriate and suitable.
The Company has adopted a share dealing code for dealings in shares by the Directors and senior employees that is appropriate for an AQSE Stock Exchange Growth Market company, and which is compliant with the Market Abuse Regulation. The Company will take steps to ensure compliance by the Directors and any relevant employees with the terms of this code.
The Directors have established financial controls and reporting procedures which are considered appropriate given the size of and structure of the Company. These controls will be reviewed in the light of the Company’s future development and adjusted accordingly.
