Thames Ventures VCT 1 plc announced that following the successful transfer of the Investment Advisory contract from Downing to Foresight, Stuart Goldsmith, the remaining founding director of the Company, has indicated that he will not stand for re-election at the next Annual General Meeting, which is expected to be in August 2023. The company announced that Atul Devani has on December 12, 2022 joined the Board as a non-executive director of the Company. Atul is currently the chairman of another VCT and has held a number of senior positions in software technology companies operating in a number of sectors.

Previously he was the founder and CEO of United Clearing plc.