What are our values?

We create and produce robust financial models More

We build relationships between social enterprises, commissioners and investors

Our approach is strategic design which enables clients to produce better solutions for problems and realise opportunities in the social economy More

We focus on the fundamentals of a sustainable business More

We look for impact first, to strike a balance between social and financial returns

We nurture innovation, foster collaboration and encourage excellence



Chris Carr - Director

Chris is the founder director of Celarben Ventures Limited, which started up in 2003. He is a chartered accountant and a former London Corporate Finance partner at a large accountancy practice. Celarben Ventures is an advisory practice that is focussed on working with small and medium sized enterprises both commercial companies and third sector organisations, including charities and social enterprises. The company is an incorporated Chartered Accountancy practice, regulated by the ICAEW for a range of Investment Business activities.

Celarben Ventures has particular expertise in working with organisations that are experiencing a period of significant change or development and specializes in investment for social enterprises, which involves advising social enterprises on becoming investment ready, and matching them with funding sources.

Chris has been involved on a wide variety of business strategy projects and corporate finance transactions including finance raisings, mergers & acquisitions, and sale mandates, and has been involved on projects with deal values ranging from £100,000 to over £100 million covering both the for-profit and third sector organisations.

In the Social Enterprise space, he has undertaken work for the Cabinet Office on their Social Investment Pilot, through Nesta testing investment readiness advisory models and for a local authority delivering their market shaping.

Richard Catherall - Director

Richard has been a leader in the social enterprise sector since 2002.  His MBA in 2009 investigated the competitiveness of social enterprises delivering public services.  This research provided a framework for strategic commissioning, investment and business support which he implemented as a leader in UK local government over four years.  By this time he had been the CEO and director of award winning local and influential national social enterprises and charities.

In 2008 he was approached to be the pioneer of social entrepreneurship for one of the UK's most controversial local authorities.  He was an influential thinker leading new models for commissioning, design and delivery of services, realising the potential of social enterprises and coproduction.  This included a national recognised transformation of community transport, multi-million £ social investment fund, new social enterprise spinouts, pioneering social work practices and multi-million £ social enterprise joint ventures.

In 2010 his private research focused on the potential of the social economy in hard places.  In 2011 he founded Katarsis Ventures with a mission to demonstrate to others that it was possible to nurture innovation, support enterprise and stimulate investment in hard places.  The company is working in the US, South Asia, Europe, the Eastern Mediterranean region and north Africa.  Partners include offices of the UN, EU, NESTA, British Council and international development NGOs.  Since foundation the company has been involved in pipelining over $10 million in funding, investment and business development in hard places.

In 2012 he left government and began to concentrate on growing the business and co-founded Radical Capital in the UK.  Richard and Chris met in 2010 doing business together on a number of deals until they created Radical Capital together in 2012.