Armstrong manages a number of established trading companies of which shares are eligible for Business Relief.  The companies trading activities include UK solar and storage and lending to asset-backed businesses.  More detail on the trading companies is provided below, including links to the latest Investor Guides for each of the trading companies.

Certified High Net Worth Investors or Certified or Self-Certified Sophisticated Investors can request application form(s) directly from Armstrong at  Other individual investors should contact their financial advisor.

Faster inheritance tax exemption

If you make a gift to somebody or put assets in a trust, it will take 7 years before they will be exempt from inheritance tax. Shares in a BPR-qualifying company or investment become exempt from inheritance tax after being held for just 2 years, provided the shares are still held at the time of death.

Maintain access to the investment

Multi-discipline UK focused investment and asset management of renewable energy infrastructure companies and projects.


Other inheritance tax planning options, such as setting up a trust fund or using life insurance to cover the cost of a future inheritance tax bill, can be complex and may have significant establishment costs.

Direct Investment Opportunities

Estate Planning Service


Sector Solar PV
Region UK
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Solar Growth owns and operates a portfolio of solar plants in the UK with a combined capacity of 37MW and sells the power generated from its assets to utilities.

As the asset manager, Armstrong has played an integral role in the development, construction and management of these assets since 2015.

Most of SGs solar plants are accredited under the Renewable Obligation (RO) or Feed-in Tariff (FiT) scheme which guarantees a minimum RPI-linked payment for the clean electricity generated for 20 years from the date the system was commissioned.

The Company was ranked the No. 1 performing company over the past 5 years in the Inheritance Tax market in the recent review by Tax Efficient Review in December 2022. The portfolio is currently trading in line with forecast and management are reviewing a range of value-enhancing optimisation opportunities across the UK-wide portfolio.

The Company has raised debt from Europe’s leading institutional investor, Aberdeen Standard Investments. The long-term target level of gearing within Solar Growth is 50%.

Sector Rooftop & Solar PV
Region UK
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Solar Income and Growth owns and operates over 2,600 UK-wide, Feed-in Tariff (“FiT”)-accredited rooftop solar systems, with a combined capacity of over 13.4 MW. The company sells the electricity generated to utilities.  The portfolio was established from 2011 to 2014 and has excellent geographical diversification across the UK.

SIG was ranked the No. 2 performing company over the past 5 years in the Inheritance Tax market review, published by Tax Efficient Review in December 2022.

As asset manager, Armstrong played an integral role in the development and roll out of the portfolio, and ultimately managed the acquisition of the portfolio from the original owners in December 2015.

The clean power generated by the solar power stations is sold under long-term contracts benefiting from Feed-in Tariffs that provide long-term (>20 years in most cases), stable and predictable RPI-adjusted revenue.

The power sales of SIG make it strongly cash-generative, and it has operated in line with budgeted estimates during its 8 years of operations. It provides immediate access to a low- volatility cash yield plus the scope to build a liquidity reserve.

SIG has excellent institutional partners, with Legal & General Investment Management (‘LGIM’) investing £29.5 million in 2015 through the issuance of secured RPI-linked bonds listed on the London Stock Exchange, at an annual cost of approximately 1.2% indexed to RPI. LGIM is one of the largest asset managers in the UK, with over £1 trillion under management.

Sector Lending
Region UK
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Secured Lending Limited was established by Armstrong in 2014 and is a specialist company providing short and medium-term lending solutions to small and medium-sized enterprises in the energy or infrastructure sectors.

Secured Lending is targeting annual growth in share price of 4-5%. This rate of growth has been achieved since Secured Lending commenced issuing new equity in May 2019.

It is the intention that SL will offer shareholders regular liquidity to allow shareholders to redeem their investment in full or in part. SL will seek to facilitate liquidity on a quarterly basis, subject to the availability of funds to do so.


Armstrong has partnered with venture capital firm, Beringea, to create the  ProVen Estate Planning Service (“PEPS”).  PEPS is a discretionary portfolio service managed by Beringea and offers the opportunity to invest in companies that should be eligible for business relief.  

The total funds on the PEPS platform are in excess of £100m with a target return across the service of 4-5%

Each of the Armstrong managed trading companies available for direct investment also form part of PEPS alongside other BR qualifying companies managed by Beringea.  Investors in PEPS have a number of investment choices, including solar and lending only strategies.

Further information on PEPS can be found at ProVen Investments.      

Investments are not suitable for everyone. Therefore, we recommend you seek professional advice before deciding to invest. Capital at risk, please refer to the investment memorandum for each specific opportunity and the respective risk warnings, seeking independent financial, legal and tax advice.