Unlocking Value

Garwood Growth

Unlocking Value is designed to give founders and owners of professional services firms more confidence when they're working toward an exit or thinking about taking on investment.  Across six episodes, our host John Howard speaks with founders, investors and advisors about the moments that define the transaction journey - how to get ready, what to expect and how to succeed. We cover everything from value drivers and team alignment to investor expectations and life after the deal. You’ll hear from people who’ve sold their firms, taken minority investments, stayed on, exited and started again – and from those who advise or invest in firms like yours every day.

  1. Episode 20: Claire Simm – Leadership Lessons from Growing Professional Services Firms

    JAN 13

    Episode 20: Claire Simm – Leadership Lessons from Growing Professional Services Firms

    Claire Simm is Managing Director and Global Head of Regulatory Consulting at Kroll. She has built her entire career in professional services, moving between Big Four firms, entrepreneurial boutiques and global organisations – and seeing first-hand how leadership, culture and expectations change as firms grow. In this conversation, John and Claire explore what it really takes to lead well in professional services as scale and complexity increase. Claire shares how her leadership approach has evolved over time, why sales and business development should feel natural rather than awkward, and how trusted relationships sit at the heart of long-term growth. Drawing on her due diligence experience, Claire also offers a grounded perspective on what external scrutiny tends to reveal about professional services firms – where leaders are often surprised, what gets exposed when someone starts asking detailed questions, and why preparation, responsiveness and judgement matter long before any formal process begins. Key discussion points include: How leadership roles change as professional services firms growShifting from delivery to developing others without losing quality or credibilityWhy sales and business development should feel normal, not forcedWhat external scrutiny often reveals about how firms are really runThe role of preparation, data and responsiveness in building confidence during a transaction processWhy trust and judgement underpin long-term value in professional servicesFor founders, partners and senior leaders building professional services firms, this conversation offers a thoughtful, experience-led view on how credibility is built over time – and how leaders earn trust through the decisions they make when things get harder, not easier. Host: John Howard, Partner at Garwood Growth Guest: Claire Simm, Managing Director and Global Head of Regulatory Consulting at Kroll

    51 min
  2. Episode 18: Olly Purnell – The Anti-Exit Strategy: Building a Consultancy Designed for Long-Term Independence

    12/09/2025

    Episode 18: Olly Purnell – The Anti-Exit Strategy: Building a Consultancy Designed for Long-Term Independence

    In a sector where scaling often leads to external investment or an eventual sale, what does it look like to build a consultancy that grows, stays independent and develops a long-term ownership model for its people? Olly Purnell is the co-founder of Q5, the organisational health consultancy that has grown from a small London start-up into a global firm operating across multiple regions, all without private equity or a planned exit. Instead of organising their business around an eventual transaction, Olly and his co-founders focused on purpose, long-term stewardship and the belief that advisory is a vocation. This episode explores the decisions that shaped the firm’s early years and the operating principles that allowed Q5 to scale with focus and consistency. Olly discusses how broadening ownership strengthened commitment across the organisation and why different firms choose different paths depending on the futures they want to build. John and Olly examine what resilience looks like inside a consultancy. They discuss how leadership choices, cultural discipline and a clear sense of identity help boutique firms compete effectively and why the craft of advisory still matters in an AI-enabled world. Key discussion points include: What it takes to build a consulting firm from zero and the early decisions that matter mostHow to scale a firm organically, without a grand planWhy Q5 resisted investment offers and broadened ownership among employeesHow ownership shapes culture, accountability and long-term performanceWhy independence can be a competitive advantage for boutique consultanciesHow AI and technology can elevate the consulting craft without replacing itWhy advisory remains a vocation and what it means to build a firm designed to lastFor founders, partners and leaders who want to build consultancy firms on their own terms, this conversation offers a practical blueprint for independence, culture and long-term value creation. Host: John Howard, Partner at Garwood Growth Guest: Olly Purnell, Managing Partner at Q5

    1h 2m
  3. Episode 17: Pekka Metsaranta – No Co-Founders, No Roadmap, No Illusions

    12/02/2025

    Episode 17: Pekka Metsaranta – No Co-Founders, No Roadmap, No Illusions

    In this episode of The Unlocking Value Podcast, John Howard speaks with Pekka Metsaranta, founder and CEO of Sisua Ltd, a consultancy known for stepping in to help clients succeed with their most complex programmes. From M&A integrations to large-scale systems delivery, Sisua operates where clarity and execution matter most. Just as Sisua thrives amid complexity, Pekka’s own path has been equally demanding. He built Sisua from the ground up without co-founders, delivered work while building the business, and learned the hard way what leadership really means when there’s no safety net. His story is one many consultancy founders will recognise: full of steep learning curves, hard decisions and the discipline to keep going when belief is all you have. Together, John and Pekka explore what it takes to build a values-led professional services firm in real-world conditions, without shortcuts or illusions. Key discussion points include: What meaningful balance looks like for founders and the practical levers that make it possibleHow to lead with accountability in a collaborative, non-hierarchical cultureWhat can happen when you scale internal processes too earlyWhy leadership in complexity demands belief and resilienceFor founders and leaders building firms in uncertain markets, this is a candid, grounded lesson in navigating tough challenges without losing sight of what matters. Host: John Howard, Partner at Garwood Growth Guest: Pekka Metsaranta, CEO of Sisua

    48 min
  4. Episode 16: Laura Morrill – Game, Set, Growth: An Investor’s View on Resilience, Partnership and Long-term Value

    11/25/2025

    Episode 16: Laura Morrill – Game, Set, Growth: An Investor’s View on Resilience, Partnership and Long-term Value

    If you’re leading a professional services firm and want to grow without losing what makes it yours, this episode brings clarity to one of the biggest decisions you’ll face: whether to take on investment and how to do it without compromise. In this episode, John speaks with Laura Morrill, Investment Director at Agathos Management LLP and a highly accomplished competitive tennis player. Laura offers practical insight into how external investors can help founders sharpen their direction and strengthen their firms, while staying true to the ambitions and aims that led them to be founders in the first place. Laura brings a rare blend of boardroom discipline, human insight and athletic resilience – and a belief that great partnerships are built on challenge, not comfort. She has supported founder-led firms at their most critical inflection points. Her view? You don’t have to change who you are to grow and thrive. But you do have to know where you want to be heading and have a plan for how you’ll get there.  Key discussion points include: Why resilient founders actively seek challenge and why investors trust those who doWhat really changes post-deal (hint: not as much as you might think)How to prepare your mindset and your firm for long-term value creation, long before external capital arrivesWhat a value creation plan looks like inside a consultancy, with or without investmentWhether you’re actively considering investment or simply want to build a firm that lasts, this conversation is a masterclass in resilience, clarity and leading the long game on your terms.  Host: John Howard, Partner at Garwood Growth Guest: Laura Morrill, Investment Director at Agathos Management LLP

    50 min
  5. Episode 15: Tom Burnet – Building With Intent: Lessons on Focus, Client Service and the Courage to Make Tough Decisions

    11/18/2025

    Episode 15: Tom Burnet – Building With Intent: Lessons on Focus, Client Service and the Courage to Make Tough Decisions

    In this episode of the Unlocking Value podcast, John Howard speaks with Tom Burnet, an experienced chair, former public company chief executive and long-time leader across technology, services and people-centred organisations. Tom’s career spans the army, entrepreneurship, public markets and multiple board and advisory roles. On paper it looks unconventional. In practice, a consistent pattern runs through everything he has built. He leads with intent. He focuses on the few priorities that genuinely create value. He is willing to stop initiatives that no longer serve the mission, even when doing so is uncomfortable. Together, John and Tom explore what it means to build a business on purpose rather than drift with momentum. They discuss how to choose the right priorities, how to make difficult decisions under pressure and how ego, if left unchecked, can become one of the most expensive liabilities in any leadership team. Tom also shares a memorable metaphor about knowing when to “drown the puppies”, his candid way of describing the discipline of ending projects early before they drain time, money or energy. Key discussion points include: What building with intent really looks like in practiceWhy ego quietly destroys more firms than market conditions doHow to recognise when an initiative should end and act quicklyWhat to do when your core market tightens and the firm needs to refocusHow the best professional services firms become indispensableWhy trusted advisers and independent voices can help keep leaders groundedFor founders, leaders and investors in professional services businesses, this is a candid and practical conversation about building long-term value with clarity, discipline and intent. Host: John Howard, Partner at Garwood Growth Guest: Tom Burnet, Non Executive Director

    41 min
  6. Episode 14: Rhys Hefford - Build, Scale, Exit, Repeat: A Serial Founder’s Playbook

    11/11/2025

    Episode 14: Rhys Hefford - Build, Scale, Exit, Repeat: A Serial Founder’s Playbook

    In this episode of the Unlocking Value podcast, John Howard speaks with Rhys Hefford, a serial founder who has built, scaled and sold multiple professional services businesses over the past fifteen years. Rhys has launched six firms and successfully exited two, typically taking each from start-up to around £2 million+ in EBITDA before handing over to new leadership teams. His experience gives him a unique view of how to build, scale, exit and start again without losing sight of the life you want to lead. Together, John and Rhys explore what drives repeat founders, how to design a business that fits your personal goals, and how to know when it is time to step aside and let others take it further. They discuss succession planning, bringing in new leaders, the realities of early-stage growth and why self-awareness is as critical as ambition when building lasting value. Key discussion points include: What keeps a serial founder coming back to build againHow to align business design with personal purpose and family lifeRecognising when the business needs new leadershipBuilding value in the early stages and focusing on what really moves the needleThe discipline of narrowing focus and avoiding over-analysisHow to prepare a team and structure for a successful exitFor founders and leaders in professional services, this is an honest, reflective conversation about building multiple multi-million-pound businesses, creating space for others to lead and finding a way to scale without burning out. Host: John Howard, Partner at Garwood Growth Guest: Rhys Hefford, Serial Founder

    47 min
  7. Episode 13: Marcus Eden-Ellis - The Bid Expert Who’s Turned Selling Into a Science

    11/04/2025

    Episode 13: Marcus Eden-Ellis - The Bid Expert Who’s Turned Selling Into a Science

    In this episode of the Unlocking Value podcast, John Howard speaks with Marcus Eden-Ellis, the founder and chief executive of Bid Perfect, a specialist consultancy that helps organisations compete, persuade, and win. Marcus spent decades in senior sales roles before launching his own firm in 2006. Nearly twenty years later, his team has supported more than 900 companies across the UK, Europe and the US, training their people to sell more effectively and build sustainable growth through better bids. In this conversation, Marcus shares what he has learned about transforming sales from a personality-led exercise into a measurable, teachable discipline. He also explains why the best firms treat every bid as a reflection of how they think, operate and build trust. Key discussion points include: How to identify winning opportunities before investing in a bid. The value of structure, training and feedback in creating a high-performing sales culture. Why the most successful proposals focus on measurable client outcomes. How AI is changing the mechanics of bid writing without replacing human tone or judgment. What happens when leaders see persuasion as a strategic capability, not a task. Why long-term partnerships, not quick wins, are the foundation of real business value. For professional services leaders, this episode offers a clear, experience-led view on how to systemise success, strengthen credibility and create teams that know how to win. This episode is available to stream below or on any of your usual podcast platforms (such as Spotify and Apple Podcasts). Host: John Howard, Partner at Garwood Growth Guest: Marcus Eden-Ellis, Founding Director at Bid Perfect

    57 min

About

Unlocking Value is designed to give founders and owners of professional services firms more confidence when they're working toward an exit or thinking about taking on investment.  Across six episodes, our host John Howard speaks with founders, investors and advisors about the moments that define the transaction journey - how to get ready, what to expect and how to succeed. We cover everything from value drivers and team alignment to investor expectations and life after the deal. You’ll hear from people who’ve sold their firms, taken minority investments, stayed on, exited and started again – and from those who advise or invest in firms like yours every day.