Haroon Sheikh is one of the UK’s leading entrepreneurs, philanthropists and community figureheads. His business interests encompass healthcare, private equity, property investment and development.
Haroon, with his brother Farouq are best known as a co-founders of CareTech Holdings PLC, a respected national provider of specialist services to adults and children with learning or physical disabilities or mental health problems, which now supports over 1800 service users and employs more than 3500 staff. Haroon brings commercial acumen, industry experience and property knowledge, which have been essential in the growth of the business. He is actively involved in the day-to-day running of the business and over time has been instrumental in nurturing and supporting the senior management team, which comprises disciplines in care, commerce and property. He has a deep commitment and passion to delivering high-quality care and support to people with learning disabilities. Haroon remains the Chief Executive Officer.
In 2008, both Farouq and Haroon were winners of the highly valued Coutts Family Business Prize and widely applauded for the quality and social integrity of the company they created.
His most recent social enterprise was establishing the COSARAF Charitable Foundation to benefit communities and individuals in the UK and abroad. As trustee for International Development, Haroon established the COSARAF Kenya Feeding Project which supports the feeding of over 700 women and children daily as well as supporting the drilling of boreholes in various rural villages.
Haroon was awarded a limited edition Gold medal made from The Queen’s medal makers by HRH Prince of Wales Special Representative in recognition of his great support for HRH’s call to action in Pakistan.
I believe that, through empowering young people with the value of education and social entrepreneurship, we can make a positive change for society as a whole and create something for future generations.”
Farouq Sheikh is a leading business entrepreneur, philanthropist and investor within the UK. Farouq, with his brother Haroon are best known as co-founders of CareTech Holdings PLC, a respected national provider of specialist services to adults and children with learning or physical disabilities or mental health problems, which now supports over 1800 service users and employs more than 3500 staff. After initiating the successful equity investments they oversaw the subsequent exits of 3i Group PLC (in 1996 and 2002) and Barclays Private Equity (in 2002 and 2005) culminating in a successful listing on the AIM market at the London Stock Exchange in 2005. Under their stewardship, their intimate knowledge of the marketplace, commercial and negotiating expertise, CareTech’s earnings per share grew significantly from 4.1p in 2005 to 25.35p in 2011. Farouq remains as the Executive Chairman.
His most recent business enterprise is as Director of a burgeoning property and equity investment group, Sheikh Holdings Group, which incorporates a property development division (Locksbridge Developments) that has several substantial on-going property developments that have a GDV in excess of £125m.
In 2007 Farouq became Entrepreneur of the Year in the prestigious Laing and Buisson business awards and has presented widely at healthcare conferences, raising awareness of the learning disability sector. In 2008, both Farouq and Haroon were winners of the highly valued Coutts Family Business Prize and widely applauded for the quality and social integrity of the company they created.
As Patron and Enterprise Fellow of the prestigious Prince’s Trust, Farouq supports young people by passing on his experience and expertise to inspire the next generation of entrepreneurs. In 2012 Farouq was honoured to be invited to become Mosaic’s Gold Patron, a mentoring charity established by HRH The Prince of Wales to inspire young people from deprived communities in order to realise their talents and potential.
I believe in a strong work ethos and the desire to empower young people with the value of education and social entrepreneurship, which has been one of our key factors for success in business.”
Akbar Sheikh, a graduate from the University of Warwick, began his professional career at KPMG Advisory, working within the Transactions and Restructuring division. Akbar has recently joined the family office in order to realise his ambitions as a young entrepreneur as well as oversee charitable activities for the family foundation going forward.
Since joining Sheikh Holdings in early 2011, Akbar has played an instrumental role in formalising a real estate division and now sits on the board as the Chief Executive Officer and Principal Investor for the family. Akbar works together with a team of highly experienced professionals within the property field, to actively acquire, trade and develop both commercial and residential
assets in the UK. Currently he is overseeing a portfolio with a development value in excess of £125 million. Akbar is also the Managing Director for a newly formed serviced office business, which was a response to the challenging conditions faced within the commercial property sector.
As a Trustee to the Cosaraf Charitable Foundation, Akbar is continuously shaping the direction for future projects, ensuring they remain sustainable, transparent and most importantly make a real impact on the ground. Akbar recently joined the international leadership team responsible for delivering credible projects for and behalf of the Pakistan Recovery Fund; an initiative set up by HRH the Prince of Wales.