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"
- Farouq Sheikh