NCUBE GROUP HOLDINGS · BOARD PACKAGE Q2 2026 STRICTLY PRIVATE · DIRECTORS & COUNSEL

You're not running a property company.
You're running a holding company.
The Hub should look like one.

In 12–24 months a buyer will walk Springbok. They'll ask: how does this group operate? What does the operating system look like? Who runs what? How is performance measured? Vision 5 builds the Hub as a boardroom — every business is a portfolio entry, every builder is a portfolio operator, every dashboard reads like a board pack. Built today, a strategic asset on day-one of the diligence room.

Holdings · Board Package · 28 April 2026

Portfolio Snapshot
Company
Operator
QTD KPI
Δ vs Q1
Springbok Properties
Stephen S. + Jenna B.
£2.41M GP
+8.4%
FloraCare Solutions
Shelly
£412k MRR
+2.1%
Acquisitions Pipeline
Leo
14 active targets
+4 new
Property Portfolio
In-house
£18.4M NAV
+1.2%
Group total
£4.78M EBITDA QTD
+5.8%
PHILOSOPHY

Build the operating system the buyer will ask to see.

Buyers don't pay multiples for "messy founder-run businesses with promising AI experiments." They pay multiples for institutionalised operating systems with clear accountability, board-grade reporting, and replicable playbooks across portfolio companies. The Hub is the most visible artefact of how the group is run. If it looks like a Berkshire Hathaway annual report — quiet, dense, gold-edged, ruthlessly accountable — your buyer reads "this acquires cleanly." If it looks like a Notion workspace, they read "this needs a 12-month integration."

For the day-to-day

Every employee opens the Hub to a board-pack-styled view of their day. Light, but framed in the holdco aesthetic. They feel they work for an institution, not a startup. That itself lifts retention and quality.

For the diligence room

Every quarter, the Hub auto-generates the board pack. Group P&L. Operator scorecards. Pipeline. Capital allocation. KPI variance. Buyers see this and value the predictability of the operation, not just the numbers.

BUILDER TRACK

Builders are operators of portfolio companies.

Sian, John, Leo are not "builders" in this vision — they're operators of their slice of the portfolio. Each gets a board pack: their KPIs, their resolutions, their commitments to you. When they ship a new skill, it's framed as a "resolution passed by the operator, ratified by the chair." Sounds heavy; reads beautifully. And the artefact survives the exit.

BOARD PACKAGE · L&D OPERATOR · S. FLYNN Q2 2026 · CONFIDENTIAL
NCUBE GROUP HOLDINGS OPERATOR PACK · L&D S. FLYNN · 28 APR 2026

Operator Scorecard — Sian Flynn

Springbok · Learning & Development · Q2 2026

Quarter to date · KPIs owned

+2.1pts
BR%
▲ above plan
−0.6pts
CANX%
▲ improved
184
Calls coached
▲ 100% coverage
12
1:1s delivered
▼ 3 short of plan
RESOLUTION 04 · IN FORCE

PAC Call Coaching · v2 deployed Apr 14

Ratified by chair (S. Ncube). Operating since week 17. Producing per-rep coaching notes daily. Variance on BR%: +2.1pts vs plan +0.5pts.

RESOLUTION 05 · TABLED FOR APPROVAL

Onboarding Readiness Tracker · proposed Apr 27

Operator proposes adding a new tool to track new-starter ramp-up against SMART goal completion. Awaiting chair's review. Estimated KPI impact: month-3 retention +4pts.

RESOLUTION 06 · OPERATOR REQUEST

Quarterly review meeting requested with chair

Operator (Sian) requests 30-minute review of L&D thesis with chair before Q3 plan is set. Suggested dates: 10 May, 12 May, 14 May.

USER TRACK

Every employee gets a desk view. Quiet. Framed. Institutional.

A PAC opens the Hub. They don't see "skills." They see the desk view: their three commitments today, framed in the same gold-edged design language as the boardroom. The metaphor: every employee is a contributor to the holding company. Their work matters because the institution is real.

NCUBE GROUP · DESK VIEW S. RODGERS · PAC · TUE 28 APR · 09:01
Steven Rodgers
Tuesday
28 April 2026
i
Yesterday's calls have been reviewed.
6 calls scored. Top: Mr Hassan, 8.4. Watch: Mrs Patel, 5.8 — coaching note attached.
ii
12 aged leads were re-engaged overnight.
Three returned to active pipeline. Approach plan in your queue.
!
Two follow-ups require your call before 11:00.
Mrs Edwards (Manchester) and Mr Singh (Leeds, draft text ready). KPI exposure: BR% week-to-date.
END OF MORNING BRIEF · NCUBE GROUP HOLDINGS
WHY THIS FITS YOUR EXIT THESIS

Three reasons the boardroom plays at the multiple.

REASON 01

Buyers price institutionalisation. The Hub is the artefact.

"How does the group run?" is the first question in every diligence call. Most founders answer with a deck. You'll hand them a URL. The Hub is the answer — operators, KPIs, resolutions, audit trail. Predictable. Replicable. Sale-ready. The aesthetic alone signals "institutional asset, not founder-led mess."

REASON 02

It positions the Acquisitions arm correctly.

Your second business is buying companies. The Boardroom Hub becomes the integration playbook — every acquisition gets a portfolio slot, an operator slot, a board pack format. You can show prospective sellers exactly how their business plugs in. Acquisitions sells faster. Springbok Acquisitions launch (1 July) gets a finished dossier.

REASON 03

Your operators perform up to the framing.

Sian, John, Leo, Stephen, Jenna — telling them "you're operators of a portfolio company" changes how they show up. The Hub reinforces it every morning. Most people work harder when the institution feels real around them. The framing is real, not theatre — but the framing also matters.

TRADE-OFF

What this approach costs.

Caution 01

It's the highest-status aesthetic — and the heaviest.

Burgundy and gold and serif type signal seriousness. They also signal "old school" to anyone under 30. A young PAC trainee might find this stiff. We can lighten the user track (the desk view above is already gentler) but the boardroom identity is heavy by design. Some warmth has to go.

Caution 02

It commits you to the holdco brand publicly.

"Ncube Group Holdings" implies a structure that legally and operationally needs to be true. If the group structure is informal today, the Hub's framing might force the conversation forward sooner than you'd planned. That's an opportunity — but it's a conversation with your accountants, not just a design choice.

Caution 03

"Resolutions" framing requires discipline.

If every skill becomes a "resolution ratified by the chair," you have to actually ratify them. Buyers will read the audit trail. If approvals are sloppy, the Hub becomes evidence against you instead of for you. This is the strictest governance vision of the five — pick it only if you'll actually run it that way.

If this is the one, the buyer reads it before they meet you.

Three operator packs go live: Sian's, John's, Leo's. Each with their KPIs, resolutions, commitments.
Quarterly board pack auto-generates from real data. The first one lands on your desk 1 July 2026.
When a buyer walks the diligence room next year, the first asset they're shown is the Hub. They read it. They lean back. They reset their model. The multiple lifts.