Phillip Ullmann


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Phillip Ullmann


Phillip Ullmann is a social business entrepreneur with a track record of building disruptive business models that deliver value – measured as much by people, communities, nature as by financial assets.

He believes in creating environments where talented leaders who share a passion for innovation are given the opportunity to succeed, changing their lives and the teams they allow to self-manage. This philosophy is reflected in his ability to recruit some of the most successful executives who have grown and developed the Cordant Group, now with revenues of £850m and a combined workforce of over 100,000.

Sharing success also means giving back to society and its important causes. In 2017, Phillip evolved the value system at Cordant further, defining it as a social business and introducing a set of measures to reflect that – capping executive pay and its dividend.

In 2019, Phillip and his senior team co-authored Cordant’s Social Impact Report, mapping a five-point strategy aimed at improving worker opportunities with a focus on purpose not profits and wellbeing not just wealth. These categories included good jobs, maximising potential, building resilience, giving forward (charities etc), reviving business – all underpinned by the social model. A campaign was also launched to promote and implement the Real Living Wage.

In 2020, Cordant Group was sold to Twenty20 Investors with a view to sustain its social business agenda. Whilst continuing his existing role as Chief Energiser, Phillip recently set up Covenant Advisory – an independent consultancy mandated to guide and advise business, its leaders and state enterprises on their journey to social purpose, whilst aligning shareholders with other stakeholders.


Covenant Advisory View LinkedIn profile
VAT Number 347 0328 11
Companies House Registration Number 12567830

CIC Status

Covenant Advisory is a Community Interest Company (CIC).

The object of the Company is to carry out the following activity which will benefit the population of the United Kingdom:

The Company will provide independent consulting to national and local Government and to British businesses to develop coalitions between the public and private sectors to benefit the wellbeing of the British people.
Our objective is to help businesses and institutions find their purpose, transform their organisations, and deliver lasting change using new methods and metrics.
The company accounts and all transactions will shortly be available to view on this website and kept up-to-date in real time.
Annual dividends are capped at 35% of distributable profit.