Farouq Sheikh is one of the UK’s leading entrepreneurs, philanthropists and community figureheads. His business interests encompass healthcare, private equity, property investment and development. He is best known as co-founder, along with his brother Haroon, 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 26.47p in 2012. Farouq remains the Executive Chairman. Although principally concerned with strategic management, Farouq has never lost his fundamental belief that a successful company looks after its staff properly, maintains a commitment to quality and manages expenditure carefully.
Farouq’s most recent business enterprise is as Director of a property and equity investment group, Sheikh Holdings Group (Investments) Limited, which incorporates a property development division (Locksbridge Developments) that has several substantial on-going property developments that have a GDV in excess of £125m and a serviced office division.
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 his brother 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. They were both finalists in the Ernst & Young Entrepreneur of the Year awards in 2009.
They established the COSARAF Charitable Foundation to benefit communities and individuals in the UK and abroad. As Patrons and Enterprise Fellows of the prestigious Prince’s Trust, they support young people by passing on their experience and expertise to inspire the next generation of entrepreneurs.