Frederick Achom

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Frederick "Freddie" Achom (born 22 January 1974) is a British businessman based between Paris, New York and London.[1] He is the co-founder and chairman of the Rosemont Group, a private investment group with a portfolio of companies with interests in biotechnology, web based technology platforms[2][3][4][5] wine trading, land and property development[citation needed] and the Mumbai stock exchange listed renewable energy and micropower provider, Communication Power Engineering Company (CPEC) group,[6] to more high profile ventures in the entertainment sector.[7][8]

Achom was featured as one of the 1000 most influential Londoners in the Evening Standard, in 2010[9] and again in 2011.[10] For five consecutive years he has been listed as one of the top 100 most important black business people in the UK.[11][12] Since 1982 Achom has lived in London, England.

Besides his business activities, he is also the founder of Rosemont Group Foundation and is engaged in non-profit activities.[13][14]

Early life

Achom was born in Lagos, Nigeria in 1974 to a housewife mother and insurance broker father.[15] The youngest boy of a family of 3 boys and 1 girl, he spent his early years living in Lagos. His father is a prominent businessman and a shareholder of Inland Bank of Nigeria.[16][17][18]

Early business interests

In February 1998 Achom, and several partners started a business development and strategic funding consulting agency aimed at SME's called City Business Partners Limited, under the directorship of Ms A Duru. In March 1998 The Pleasure Pages Limited was incorporated with Ms A Duru as director again, and Frederic Achom working as secretary.[19] City Business Partners Limited was put into voluntary liquidation in August 1998, Ms A Duru appointed Sudhir Rishi for this purpose.[20] The Pleasure Pages Limited has been dissolved.[21]

Forming part of his 'early Business interests', in April 2000 Frederic Achom and a Mr. Anthony Grant Boignton, set up a new company Boington & Fredericks of London Ltd. This came after a brief stint working for a company City Vintners Limited.[22] Boington & Fredericks of London was put into compulsory liquidation in the High Court in the public interest for misleading investors, and Achom was a director.[23] After a short prison sentence and with an 11-year ban from being a company director in place,[24] Achom bounced back with the Bordeaux Wine Company Limited.[25][26] The company was incorporated in January 2002, and has been run under the directorship of a Mr Benedict Moruthoane (2003-2005) and Ms Arlene King (current).[27]

Achom, as both an entrepreneur and collector of fine wine[28] focuses on wine as an alternative asset to traditional investments (such as equities and bonds)[citation needed]. The ventures have not always been well received by financial regulators however, for example within its first year Boington and Fredericks was closed, along with seven other such companies, in the public interest.[29] Losses to the public have been staggering[30] and sadly these losses continue. In 2015 a wine investment firm, with 25million pounds (GBP) of investors money was wound up in the public interest.[31] Ms Arlene King (of the Bourdeaux Wine Company Ltd) had been an officer of the company, and its director at the time of closure had also co directed a company with Frederics brother, Dean.

In addition to selling wine as a high yield investment, Achom also invests in media related ventures and publications including the UK’s first leisure directory called Leisure Pages,[citation needed], developing a land and property development portfolios[citation needed] as well as diversifying into Investment sales and consultancy by acquiring Property Clinic Group and Universal Properties in 2008[citation needed]. He was also one of the early investors in the UK arm of luxury Italian kitchen designers and builders, Pedini, which was sold in 2010[citation needed].

Rosemont Group

In 2002 Frederick Achom founded Rosemont Group Capital Partners (Rosemont Group), an offshore based venture investment fund. Rosemont Group's primary focus is joint venture investments and equity funding for technology start ups and growth stage development, luxury goods & services, restaurants, exclusive members only clubs and financial sales.

In 2012, Achom re-aligned Rosemont Group’s core investment focus to opportunities in early and growth stage technology, biotechnology and clean technology companies in developing markets[citation needed]. Rosemont Group acquired a stake in renewable energy services company (RESCo), Communication Power Engineering Company (CPEC) group.[32] CPEC is one of India's oldest listed companies and is listed on the Mumbai premier stock exchange.[33] Until the passing of its founder and chairman in 2010, CPEC specialised in the manufacturing of gears and general consultancy within the power and engineering sectors. The company is now controlled by the Shamji family and Achom[citation needed].

Currently, Achom also acts as an investment partner in various early stage digital technology companies including the UK's leading parking application AppyParking,[3][34][35][36] app incubator Appitalist, creative social networking site, social media and audience management platform[37][38]

Outside of the technology sector he had an interest [39] in failed high street fashion brand Hershey Pascual Fashion.[40] - stockists included House of Fraser, Lipsy, Next, and Lipstick Boutique.

Subsidiary energy companies

Achom’s Rosemont Group along with Mumbai stock exchange listed CPEC Ltd, holds several subsidiary energy companies within their portfolio of companies[citation needed] but continue to specialise in building, owning, and operating utility-scale solar power plants in India and other emerging markets[citation needed]. Their subsidiary companies include Eurosolar Power Ltd.[41] which was acquired in 2011, Artheon TeleVentures, an investment holding group[citation needed]with several companies and co-investments including Flexenclosure Telecom India Pvt. Ltd and Omnigrid Micropower Co. Pvt Ltd.[42]

Achom through CPEC was amongst the founding investors in Omnigrid Micropower Co.[43] In 2013 the company received the World Economic Forum award as 2014 Technology Pioneer[44] As a part of the Technology Pioneers program, OMC was invited to the World Economic Forum in Davos 2014, as well as to "Summer Davos" in Dalian, China in 2013[45]

Members clubs and restaurants

Achom’s first members club launched in 2005 in a joint venture with Beirut-based Circle Management Group[citation needed]. Together they opened Crystal members club in the exclusive Fitzrovia area of London’s West End. The partnership expanded on an international scale and affiliate clubs were opened in St Tropez, Cannes, Lebanon and Dubai[citation needed]

Achom co-owns Jalouse members club[46][47] in Mayfair's Hanover Square, along with Alex Nicholl and Moruf Yoozooph.[48] Achom was featured in Forbes[citation needed] having launched Jalouse in 2008 during the start of the global financial crisis.

The members-only club, with its award winning Fendi interior designer, was the recipient of several awards, including the Best Club at the London Club and Bar Awards in 2009[49] and again in 2010.[50]

In 2012 Achom along with business partner Alex Nicholl re-launched The Scotch at 13 Mason's Yard in Mayfair,[51][52] the site of the club formerly known as The Scotch of St James.[46] The Scotch has been featured in Vanity Fair,[53] New York Times [54] and Vogue [55] since its reopening.

Achom co-owned Bennett Oyster, Bar & Brasserie,[56] with Ray Duhaney creator of Cheyne Walk Brasserie.[57] In 2013 Bennett Oyster, Bar & Brasserie was taken over by chef and restaurateur Gordon Ramsay [58] and has relaunch the site as the London House.[59][60]

Personal life

Frederick Achom has a son and a daughter that live in Rome and Paris.[61] He is an avid skier and snowboarder.

Awards and honours

  • Awarded the honour by the London Evening Standard as one of ‘London's 1000 Most Influential People’ in 2010 for his efforts in business.[62]
  • Listed as one of the '100 Most Influential Black Business People in the UK’ in 2011. Achom was invited to Number 10 Downing Street along with fellow honourees, selected for his success and efforts in business. Compiled by JP Morgan, Powerful Media and presented by the then Prime Minister Gordon Brown, the list showcased 100 black men and women who have scaled the heights in the arts, law, politics, finance and business.
  • Achom, for a second time was listed in the UK's Power List 2012 for the success and efforts of his Rosemont Investment Group.
  • Awarded the honour for a second time by the London Evening Standard as one of ‘London's1000 Most Influential People’ in 2011.[63]
  • Once again listed in the UK's Power List 2013.[11] Achom was invited to Number 10 Downing Street for a second time. Lloyds Banking Group, Powerful Media and Thomson Reuters compiled the 2013 list which was presented by Prime Minister David Cameron.
  • For the fourth consecutive year, Achom was listed in the UK's Power List 2014. Compiled by Lloyds Banking Group, Powerful Media and Thomson Reuters. The award was presented by the Nigerian Petroleum Minister Diezani Alison-Madueke and former Ghanaian President John Kufuor.


  1. ^ "Meet the continental commuters - House & Home - Property". The Independent. 2011-06-17. Retrieved 2015-09-18. 
  2. ^ "AppyParking, the UK's Number 1 Parking App Receives Investment from Rosemont Group Capital Partners - Global Investing Today - EIN News". 2015-01-31. Retrieved 2015-09-18. 
  3. ^ a b "Freddie Achom Invests in APPYPARKING – Jewish Business News". 2015-01-27. Retrieved 2015-09-18. 
  4. ^ "Rosemont Group Capital Partners to Back 20 Startups by 2017". FinSMEs. 2015-05-06. Retrieved 2015-09-18. 
  6. ^ "CPEC - Powering the Future". 2014-06-20. Retrieved 2015-09-18. 
  7. ^ "Matchbox - Notting Hill - December 2010". Retrieved 2015-09-18. 
  8. ^ "CANARY WHARF MARCH 10 by Runwild Media Group". ISSUU. Retrieved 2015-09-18. 
  9. ^ London's 1000 most influential people 2010: Night Owls, London Evening Standard, 15 November 2010
  10. ^ London's 1000 most influential people 2011: Night Owls, 7 November 2011
  11. ^ a b "Power List 2013". Retrieved 2015-09-18. 
  12. ^ "Full 2015 Powerlist ‹ Powerlist". Retrieved 2015-09-18. 
  13. ^ "2009 donors to Clinton foundation". The Denver Post. Retrieved 2015-09-18. 
  14. ^ "Freddie Achom Launches Rosemont Group Foundation - Business economy". Retrieved 2015-09-18. 
  15. ^ Nigeria: Achom Cautions On Deductibles, Excess Clause - Rallys Support for Bailey, All Africa, By Kelvin Egerue, 28 September 2004
  16. ^ "Nigeria: N25m Scam: Ararume Released, Wants Settlement "being money advanced to him by a businessman, Chief Ferdinand Achom for the purchase of Inland Bank Plc shares in support of his (Achom's) directorship of the bank."". AllAfrica Global Media. 
  17. ^ "Inland Bank Nigeria Profile". Finbank. 
  18. ^ Achom Appointed Inland Bank Director, Highbeam Business, 21 October 2003
  19. ^ "The Pleasure Pages Ltd.". DueDil. Retrieved 2015-09-18. 
  20. ^ "Resolutions for Winding-up". Retrieved 2015-09-18. 
  21. ^ "The Pleasure Pages Ltd.". DueDil. Retrieved 2015-09-18. 
  22. ^ Hetherington, Tony (2001-07-07). "Wish you weren't here". This is Money. Retrieved 2015-09-18. 
  23. ^ "Lawyers get briefs in a twist. - Free Online Library". Retrieved 2015-09-18. 
  24. ^ "investdrinks (blog): Bordeaux Wine Trading Company: Paul Craven looted investors' money". 2011-07-13. Retrieved 2015-09-18. 
  25. ^ "Q and A With Bordeaux Wine Companys Fred Achom on the Fine Wine Investment Market on robinflipdeals' Links - Buzznet". 2011-12-15. Retrieved 2015-09-18. 
  26. ^ "Bordeaux Wine Company Limited". DueDil. Retrieved 2015-09-18. 
  27. ^ "Bordeaux Wine Company Limited". DueDil. Retrieved 2015-09-18. 
  28. ^ "Your Next Wine Investments With Frederick Achom". Retrieved 2015-09-18. 
  29. ^ Budd and the DTI strike the dodgy wine 'investment' merchants, Jancis Robinson, 21 Jan 2002
  30. ^ Andrew Jefford and Richard Holliday (2002-02-11). "Wine scam costs investors £110m | Restaurants | Going Out | London Evening Standard". Retrieved 2015-09-18. 
  31. ^ Frost, Maisha (2015-04-15). "Crusader: Wine investment leaves a bitter taste | The Crusader | Finance | Daily Express". Retrieved 2015-09-18. 
  32. ^ "CPEC LTD (CPEC:Bombay Stock Exchange): Stock Quote & Company Profile - Businessweek". Retrieved 2015-09-18. 
  33. ^ CPEC Company Profile - The Economic Times
  34. ^ "'World's first' one tap parking app tried out in capital | London - ITV News". 2015-08-17. Retrieved 2015-09-18. 
  35. ^ Paul Sawers (2014-01-22). "AppyParking: The Ultimate Parking App for London?". Retrieved 2015-09-18. 
  36. ^ Smith, Oliver (2015-08-17). "AppyParking determined to become the Uber of parking". Retrieved 2015-09-18. 
  37. ^ UK Social Venture JustGo Gets Investment to Open Office, Growth Business, 13 December 2013
  38. ^ JustGo Raises $1.7m in Funding, Music Week, by Tom Pakinkis, 12 December 2013
  39. ^ "Rosemont Group Capital Partners to Invest in 20 Tech Companies by 2017 -". Retrieved 2015-09-18. 
  40. ^ "Shareholder Ms Hershey is Sole Shareholder & 100% owner". Companies House UK. 
  41. ^ "Euro Solar Power Commisions 5 MW Solar PV Project in Kutch - Renew India Campaign - solar photovoltaic, Indian Solar News, Indian Wind News, Indian Wind Market". 2012-12-25. Retrieved 2015-09-18. 
  42. ^ "Forbes India Magazine - Omnigrid's Unique Solar Power Model". Retrieved 2015-09-18. 
  43. ^ Omnigrid's Unique Solar Power Model, Forbes India, by Udit Misra, 23 May 2013
  44. ^ OMC Power selected World Economic Forum Technology Pioneer, by Debjoy Sengupta, The Economic Times, 27 August 2013
  45. ^ "Technology Pioneers 2014 - Reports - World Economic Forum". Retrieved 2015-09-18. 
  46. ^ a b Supermodels and Shy Tycoons Launch the Scotch and Jalouse, City AM, 23 January 2012
  47. ^ Paris bring the house down, Daily Star Sunday, 23 May 2009
  48. ^ Nailing London's Night Scene - Forbes, 12 May 2009
  49. ^ There's no need to be Jalouse, The Sun, 28 May 2009
  50. ^ Who was voted the best Club in London?, Fluid Style, by Paul Caffell, 10 Jun 2010
  51. ^ The Scotch: Where The Beautiful People Play In London - New Now Next, 25 June 2012
  52. ^ Bright Lights, Big City - Pomp Magazine, Sept 04, 2012
  53. ^ "Where to go | The A-List". Retrieved 2015-09-18. 
  54. ^ Hot Spot | The Scotch, NY Times, 10, 20 May
  55. ^ London Fashion Week Bars, Vogue, 13 Feb 2012
  56. ^ "Bennett needs to unclench". Marina O'Loughlin. 
  57. ^ "The Bennett Oyster Bar to launch in Battersea next year". Eat Out Magazine. 2011-02-04. Retrieved 2015-09-18. 
  58. ^ Gordon Ramsay Acquires Bennett Brasserie and Oyster Bar Site in Battersea Square London, Caterer and Hotelkeeper, by Niel Gerrard, 26 July 2013
  59. ^ Gordon Ramsay's Battersea Restaurant London House Set for February 2014 Opening, Restaurant Magazine, by Emma Eversham, 4 December 2013
  60. ^ Battersea Powers Ahead as Posh and Stars Move On SW11, Evening Standard, by Maxine Frith, 31 July 2013
  61. ^ Country clubber: Impresario to swap £1.7m London flat for quiet life in Cotswolds - Mail Online 15 November 2010
  62. ^ London's 1000 most influential people 2010: Night Owls - London Evening Standard, 15 November 2010
  63. ^ London's 1000 most influential people 2011: Night Owls - London Evening Standard, 7 November 2011