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Photo of Susan McDonald, Chairman and Co-Founder at Calculus, London

Susan McDonald

Chairman and Co-Founder

Susan is one of the UK’s leading experts on investing in smaller companies and the government’s Enterprise Investment Scheme.

A pioneer of the EIS industry, in 1999/2000, she structured and launched the UK’s first HM Revenue & Customs approved EIS fund with John Glencross. Susan has over 27 years of experience and has personally directed investment to over 80 companies in the last 16 years covering a diverse range of sectors. She has regularly served as board member of the firm’s private equity-backed companies.

Before co-founding Calculus Capital, Susan was Director and Head of Asian Equity Sales at Banco Santander. Prior to this, she gained over 12 years’ experience in company analysis, flotations and private placements with Jardine Fleming in Hong Kong, Robert Fleming (London) and Peregrine Securities (UK) Limited. Susan has an MBA from the University of Arizona, a BSc from the University of Florida. Before entering the financial services industry, Susan worked for Conoco National Gas Products Division and with Abbott Laboratories Diagnostics Division.

Photo of John Glencross, CEO and Co-Founder at Calculus, London

John Glencross

CEO and Co-Founder
Photo of Julie Ngo, Chief Operating Officer at Calculus, London

Julie Ngo

Chief Operating Officer
Photo of Richard Moore, Co-Head of Investments at Calculus, London

Richard Moore

Co-Head of Investments
Photo of Alexander Crawford, Co-Head of Investments at Calculus, London

Alexander Crawford

Co-Head of Investments
Photo of Dominic Harris, Head of Portfolio Management at Calculus, London

Dominic Harris

Head of Portfolio Management
Photo of Natalie Evans, Finance Director at Calculus, London

Natalie Evans

Finance Director
Photo of Madeleine Ingram, Director, Co-Head, Sales & Marketing at Calculus, London

Madeleine Ingram

Director, Co-Head, Sales & Marketing
Photo of Francesca Rayneau, Director, Co-Head, Sales & Marketing at Calculus, London

Francesca Rayneau

Director, Co-Head, Sales & Marketing
Photo of Elizabeth Klein, Investment Director at Calculus, London

Elizabeth Klein

Investment Director
Photo of Tim Robinson, Senior Adviser, Media and Entertainment at Calculus, London

Tim Robinson

Senior Adviser, Media and Entertainment
Photo of Arvind Shandilya, Investment Associate at Calculus, London

Arvind Shandilya

Investment Associate
Photo of Aitian Li, Investment Associate at Calculus, London

Aitian Li

Investment Associate
Photo of Smit Mehta, Investment Associate at Calculus, London

Smit Mehta

Investment Associate
Photo of Sanskriti Singh, Investment Analyst at Calculus, London

Sanskriti Singh

Investment Analyst
Photo of Christopher Gould, Financial Planning and Analysis Manager at Calculus, London

Christopher Gould

Financial Planning and Analysis Manager
Photo of Bradley Noel, Associate, Media and Entertainment Financing at Calculus, London

Bradley Noel

Associate, Media and Entertainment Financing
Photo of Matthew Moynes, Director, Sales & Marketing at Calculus, London

Matthew Moynes

Director, Sales & Marketing
Photo of Oliver Warren, Assistant Director, Sales & Marketing at Calculus, London

Oliver Warren

Assistant Director, Sales & Marketing
Photo of Frank Spurway, Associate, Sales & Marketing at Calculus, London

Frank Spurway

Associate, Sales & Marketing
Photo of William Prince, Financial Controller at Calculus, London

William Prince

Financial Controller
Photo of Richard Banks, Fund Administration Analyst at Calculus, London

Richard Banks

Fund Administration Analyst
Photo of Indy Brixton, Office Manager & Executive Assistant at Calculus, London

Indy Brixton

Office Manager & Executive Assistant
Photo of Ken Edwards, Non-Executive Director at Calculus, London

Ken Edwards

Non-Executive Director

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

I have read and understood this important information

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

I have read and understood this important information