Outside body

Newable were founded in 1982 as Greater London Enterprise (GLE). In 2016, we rebranded as Newable to reflect our bold growth agenda and the wider national footprint of our activities.

Newable is a company limited by guarantee. A company limited by guarantee is much like an ordinary private company limited by shares. We are registered at Companies House, we submit our accounts and an annual return each year and we have directors. A major difference is that a company limited by guarantee does not have a share capital or any shareholders but has members who control it. Our members comprise the 32 London boroughs and the City of London Corporation. Our members each have two representatives on the board.

The council representatives are the nominated contacts in each London Borough to whom Newable Ltd can send correspondence to as part of Newable Ltd’s governance requirements (eg invites to AGM /  circulation of the Annual Report and Financial Statements).

The representatives do not receive any entitlements from Newable.