Risk Solutions

What Risk Solutions does

Risk Solutions is an employee-owned management consultancy, registered as Risksol Consulting Limited and headquartered in Manchester, that specialises in helping organisations make better decisions and deliver better outcomes where there is high risk, uncertainty, or complexity. Founded in 1997 within AEA Technology plc and employee-owned since 2006, the firm operates since 2018 as a partnership of six equal partners who are also directors and equal shareholders, drawing on a wider network of associates as projects require. Its client base is concentrated in UK central government departments and agencies (Defra, DfT, BEIS, HSE, the National Audit Office, the Climate Change Committee, the Food Standards Agency) and the transport sector (Network Rail, Highways England, HS2 Ltd, RSSB, Avanti West Coast, Greater Anglia, Great Western Railway), with smaller exposure to local government and the charity sector.

The firm's core capability rests on a combination of traditional and innovative qualitative and quantitative methods, with particular specialisation in participatory modelling, agent-based modelling, Bayesian belief network (dependency) modelling, simulation modelling, and advanced statistical analysis. These methods are packaged into a portfolio of proprietary tools including SaviRPM (a rail performance simulation modelling around 6,400 timetabled services and 41,000 station stops), Exodis (a disease spread simulation used for Defra's avian influenza and foot-and-mouth disease work), the Safety Risk Model and Network Performance Model for Highways England, the Whole Life Value Tool developed with WSP for HS2 Ltd, and the EXPLORE framework for strategic planning across Health, Wellbeing, Nature and Sustainability outcomes.

Risk Solutions earns revenue through project-based consulting engagements secured via competitive tendering, direct appointment, and listing on government procurement frameworks such as the Research Marketplace and Dynamic Procurement System. Pricing is not publicly disclosed and engagements are negotiated on a per-project basis. The firm extends its delivery capacity through long-term partnerships with WSP, the Tavistock Institute of Human Relations, CECAN, RAND Europe, London Economics, City University London, and the University of Surrey, and is BS EN ISO 9001 and Cyber Essentials certified.

Name

Risk Solutions

Legal name

Risksol Consulting Limited

Website

https://risksol.co.uk

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Risk Solutions is an employee-owned UK management consultancy that helps government departments and transport agencies manage risk, uncertainty, and complexity through proprietary modelling tools such as SaviRPM and participatory consulting methods.

Ownership category

akta.pro rank

Product category

Risk Management Consultancy

NAICS

Management Consulting Services (54161), Environmental Consulting Services (541620)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Risk, Compliance & Internal Controls Consulting (BPAHACAJ)

akta.pro secondary industries

Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG), Resilience Finance & Risk Transfer Analytics (Parametric Design, Cat Bonds, Public Risk Pools) (EUABALAK)

Keywords

• Risk management consultancy
• Decision support modelling
• Policy evaluation services
• Agent-based modelling
• Transport performance analytics

Headquarters

HQ city

Manchester

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Management Consultancy Services: Risk Solutions provides management consultancy services focused on risk, uncertainty, and complexity. They work with blue chip organisations across industry and the public sector. Revenue is generated through project-based consulting engagements with government departments, agencies, and private organisations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Risk Solutions provides management consultancy services focused on decision making, research and early development, and evaluation in complex and uncertain environments. The firm combines proprietary quantitative modelling tools (agent-based, Bayesian belief network, and simulation models) with participatory stakeholder engagement to deliver bespoke risk, performance, and policy assessments for UK government departments, agencies, and transport sector clients.

Product overview

Risk Solutions is a management consultancy firm offering risk assessment, decision analysis, and evaluation services. Their core offerings include proprietary modelling tools and frameworks: SaviRPM (rail performance simulation), EXPLORE (strategic planning facilitation), Safety Risk Model (SRM), Network Performance Model (NPM), Exodis (disease spread simulation), and Whole Life Value Tool. These products are primarily delivered as consulting engagements rather than standalone software licenses.

Differentiator

Problem solved

Functional benefit

Products and services

• SaviRPM (Rail Performance Model) A sophisticated rail performance simulation and modelling application that enables rail performance teams to generate better understanding and management of performance and capacity risk using agent-based modelling, big data analysis, and interactive visualisations. Models approximately 6,400 timetabled services with over 41,000 station stops, covering roughly one-third of the UK rail network. Used by Network Rail, train operators, and RSSB for timetable option appraisal, performance tipping-point analysis, and intervention testing.
• EXPLORE Framework A strategic planning and facilitation tool that places Health, Wellbeing, Nature, and Sustainability at the heart of local decision making. Brings together four outcome perspectives through outcome dashboards, factor maps, horizon scanning tools, and a facilitation package, targeted at local authorities and place-based policy makers.
• Safety Risk Model (SRM) A comprehensive model that analyses risks to road users, road workers, and Traffic Officers associated with the operation, maintenance, and improvement of the Strategic Road Network (SRN) in England. Uses data from multiple systems including STATS19, IRIS, AIRSweb, HAPMS, and NTIS, and calculates statistical safety risk in terms of incidents involving personal injury, KSI, and Fatalities and Weighted Injuries (FWI). Developed for Highways England.
• Network Performance Model (NPM) A software model that supports analysis of traffic performance on the strategic road network (SRN). Used by Highways England's national intelligence unit (NIU) to characterise past performance and project expected future performance under various road investment strategies, using stochastic processes to derive expected performance characteristics.
• Exodis A disease spread simulation and decision support tool developed by Risk Solutions. Used to model avian influenza for Defra and to support decision-making during the 2007 foot and mouth disease outbreak.
• Whole Life Value Tool A decision support tool created with WSP for HS2 Ltd to score the value of decision options across anticipated benefit types. Works in parallel with HS2's whole life cost tool to compare value for money for each design option.
• Management Consultancy Services Project-based management consultancy covering research and early development, decision making, and evaluation for clients with high degrees of risk, uncertainty, or complexity. Engagements combine handling complexity/risk/uncertainty, modelling (agent-based, Bayesian belief net, simulation, advanced statistics), and stakeholder engagement.

Quantifiable outcome

• LST trial showed 61% fewer personal injury collisions per km compared to standard HGVs
• +3 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Ten partnerships are on record, tiered core and secondary.

• WSPcoreStrategic or Co-development PartnerRisk Solutions has had a 10-year partnership with WSP working on a range of innovation and research projects, mainly in the transport sector. They collaborate on projects including climate risk assessment for the Climate Change Committee and feasibility studies for DfT.
• The Tavistock Institute of Human Relations (TIHR)coreStrategic or Co-development PartnerRisk Solutions partners with TIHR on consulting work and as members of CECAN. TIHR provides world leading skills in human relations, evaluation, organisational development, and change consultancy.
• Centre for the Evaluation of Complexity Across the Nexus (CECAN)coreStrategic or Co-development PartnerRisk Solutions was one of only two non-academic partners in the formation of CECAN and continues to work with them and their commercial arm CECAN Ltd on new developments. CECAN is a £3m research centre hosted by University of Surrey working on policy appraisal and evaluation in Nexus areas.
• RAND EuropesecondaryStrategic or Co-development PartnerRisk Solutions works with RAND Europe because of their team of world leading experts and shared approach to consultancy that is always thoughtful, well informed and seeking valuable insights for clients.
• London EconomicssecondaryStrategic or Co-development PartnerRisk Solutions works with London Economics because of their specialist skills in behavioural economics and evaluation, and shared culture and approach to consulting.
• Live EconomicssecondaryStrategic or Co-development PartnerRisk Solutions works with Live Economics because they share passion for using the right methods in the right way to support good decision-making.
• City, University of LondoncoreTechnology or IntegrationRisk Solutions works with City's Department of Computer Science to bring innovative data visualisation techniques to clients. City developed interactive visualisations for SaviRPM. City's Department has been at the leading edge of computer science in the UK for six decades.
• University of SurreysecondaryStrategic or Co-development PartnerRisk Solutions works with CRESS (Centre for Research in Social Simulation) at University of Surrey to understand how modelling can help bring clarity to policy-makers tackling complex problems.
• Wilson SherriffsecondaryStrategic or Co-development PartnerRisk Solutions works with Wilson Sherriff because their deep expertise in face-to-face and virtual facilitation adds to their own capacity and skills in facilitation and collaborative working.
• New Economic Knowledge Services (NEKS)secondaryStrategic or Co-development PartnerNEKS helps policy makers, regulators, business and finance navigate challenging times by drawing on new thinking in economics and other disciplines. Risk Solutions presents at NEKS events on agent-based modelling.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Cambridge Econometrics: Cambridge Econometrics builds macroeconomic and sectoral models used by UK and European governments for forecasting, appraisal, and policy evaluation. Comparable in modelling-led consulting for transport, environment, and energy policy, though more macro and forecasting-oriented.
• Frontier Economics: Frontier Economics is a leading economics consultancy with strong UK and European public sector practices in transport, environment, and regulation. Comparable to Risk Solutions in delivering quantitative analysis, appraisal, and evaluation for government clients.
• London Economics: London Economics is an economic consultancy providing economic analysis, behavioural economics, and evaluation services to UK and international clients. Highly comparable in culture and approach and is an existing Risk Solutions partner with overlapping transport, environment, and government evaluation mandates.
• Europe Economics: Europe Economics is a London-based economic consultancy serving regulators and public sector clients across the UK and EU. Comparable in regulatory and policy evaluation work, transport and energy mandates, and bespoke economic modelling engagements.
• Tavistock Institute of Human Relations: TIHR is a UK-based applied research and consulting institute specialising in organisational development, evaluation, and change consultancy for public sector clients. Co-partner of Risk Solutions in CECAN with overlapping services in complex-systems evaluation and stakeholder engagement.
• RAND Europe: RAND Europe is a non-profit policy research organisation that conducts public policy analysis, evaluation, and complexity-aware research for governments and foundations. Highly comparable to Risk Solutions in serving UK/EU public sector clients with rigorous evaluation, risk analysis, and stakeholder-engagement methodologies.
• CEPA (Cambridge Economic Policy Associates): CEPA provides economic and policy advisory services to regulators, governments, and infrastructure clients across the UK and EU. Closely comparable to Risk Solutions in regulatory policy evaluation, transport and energy sector work, and quantitative risk-and-impact analysis for public bodies.

Broad incumbents

• WSP: WSP is a global engineering and professional services consultancy with a large UK transport, environment, and climate-risk practice. A 10-year Risk Solutions partner, but much larger and broader, frequently acting as the prime on contracts where Risk Solutions is a specialist sub-consultant.
• ICF International: ICF is a large global consultancy with deep UK and EU government practices in climate, energy, transport, and policy evaluation. Comparable in evaluation and risk-analysis services but operates at much greater scale and across a broader portfolio of capabilities.
• Mott MacDonald: Mott MacDonald is a global engineering, management, and development consultancy with significant UK government, rail, and environment practices. Comparable in delivering transport and infrastructure risk and evaluation work, but at significantly larger scale and broader remit than Risk Solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/risksolutionshq
• LinkedInlinkedin.com/company/risk-solutions-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Risk Solutions