Find out who we are and meet the team

About Income Analytics

Established in 2020, Income Analytics is comprised of an experienced and award-winning team of real estate professionals, research analysts and data engineers. By creating the world’s first live-to-market tenant income risk score analysis for companies globally, we are adding real value to the risk management process. This saves money for our clients by helping them minimise loss of future rental income from their investments.

Our proprietary tenant income risk measures, the INCANS® Scores, are available for over 500 million companies worldwide. These are used to price income risk for leases, assets, directly held portfolios, real estate loan books and asset-backed securities

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Our Team

Matt Richardson
Matt Richardson
Chairman & Chief Executive Officer
 Matt co-founded Income Analytics and has 30 years’ experience of working in real estate investment markets in the UK, Europe, US and China. Prior to co-founding Income Analytics, he was Director of Research, European Real Estate at Fidelity International in London. He has also successfully developed and sold two PropTech businesses during his career including PMI, one of the first dotcom businesses in Asia. It was acquired by Hong Kong investors in December 1999. 
Chris Arnold
Chris Arnold
Chief Information Officer
 Before co-founding Income Analytics, Chris was Fidelity International’s Head of Quants, Data Analytics and Systems, European Real Estate. He has more than 20 years’ experience working in CRE investment markets and is widely recognised as a pioneer in CRE quants and financial modelling.  
Simon Mallinson
Simon Mallinson
Chief Operating Officer
 Simon joined Income Analytics in 2023 and has over 26 years’ experience working in commercial real estate markets in the UK, Europe, North America and across Asia-Pacific. Most recently he spent 10 years on the board of Real Capital Analytics, until it’s acquisition by MSCI, with responsibility for EMEA and APAC and its global analytics team. Previously, Simon led European Research at Invesco Real Estate. He started his career at IPD, holding roles in London and Chicago over a period of 12 years. 
Hayley Blackwell
Hayley Blackwell
Head of Data & Research
Hayley is Head of Data & Research, with a team of five dedicated analysts  helping onboard our new clients and supporting all their data and research needs.
 Hayley finds that even after over 20 years working in commercial real estate she can still learn something new every day,  the variety of the international clients she works with, and that no two days ever seem the same.
When not at work she can be probably found walking in the Surrey countryside, standing on the sidelines of a sports field or cooking with her kids.
Michiel Foekens (2)
Michiel Foekens
Director of Sales
Michiel builds new business into lasting client relationships, with a strong focus on trust and satisfaction. At INCANS, he helps investors and advisors make smarter decisions around tenant income risk. When he’s not working, he’s following Ajax, exploring beaches worldwide, or scouting the next great wine bar.
Anne Conlan
Anne Conlan
Account Director
Anne joined Income Analytics in 2024 and looks after our existing clients in the in the role of Account Director. She has been in Business Development & Account Management roles throughout her career, establishing and nurturing client relationships globally within Financial Services and, since 2016, Commercial Real Estate. 
Spike Bott
Spike Bott
Sales Executive
Spike joined Income Analytics in 2023, driving new business in the UK. He holds a first class BSc from the University of Sussex and previously worked at Atheneum Partners supporting private equity and life-science research. Outside work, he enjoys sports and travelling.
Tom Carruthers
Tom Carruthers
Senior Data & Research Analyst
Tom joined Income Analytics in the summer of 2021, and was soon appointed Research Analyst. He holds a BSc in Mathematics from Loughborough University and prior to joining Income Analytics was a data Analyst for the Morningside Arena in Leicester.
Zahra Bharuchi
Zahra Bharuchi
Senior Data & Research Analyst
Zahra joined Income Analytics in 2023 and sits on the data team assisting with quarterly data updates and onboarding new clients, she holds a Bsc in Geography from Queen Mary University of London.  In her spare time she likes to play padel.
Jack Baker
Jack Baker
Data & Research Analyst

Jack joined Income Analytics in 2023 and provides in-depth research and analysis to both clients and internal teams. He holds a BA (Hons) in International Relations & Politics from the University of Lincoln, and has prior experience in AI research and tech policy. Outside of work, he is an active musician and band member.

Michelle Rivera
Michelle Rivera
Data & Research Analyst

Michelle joined income Analytics in January 2025 , she brings data experience from her previous roles as 
Research and Data Analyst at Green Park and Data Entry Officer at Inoltra. Additionally, she holds a BSc
 in Economics and an MSc in Business Analytics . 

Eleanor Langham
Eleanor Langham
Data & Research Analyst

Eleanor joined Income Analytics in November 2025 as a French-speaking Data and Research Analyst, bringing three years' experience in CRE research from her previous position at the CoStar Group. She holds a first-class BA (Hons) in French and Russian from the University of Exeter and is currently working towards attaining a MA in Investigative Journalism. In her free time, you can find her running along the Thames or playing piano.

Sally Harris
Sally Harris
Events and Marketing Manager
Sally Harris joined Income Analytics with over 20 years experience in the Events Industry having worked at large scale events such as Mobile World Congress and the International Broadcasting Convention . In her spare time, she is a keen tennis player and volunteers for local community projects.
Sangeeta Bahl
Sangeeta Bahl
Office Manager
Sangeeta joined Income Analytics with over 20 years’ experience in practice management, specifically in the healthcare and legal sectors. She provide businesses with management support services specifically at Income Analytics and is the Office Manager where she is responsible for general book-keeping/payroll/credit control/invoices and policies and procedures. Outside of work Sangeeta likes to keep fit and travel.

Our Board

Matt Richardson
Matt Richardson
Chairman & Chief Executive Officer
Chris Arnold
Chris Arnold
Chief Information Officer
Simon Mallinson
Simon Mallinson
Chief Operating Officer