This year, 16 companies from the East of England have been awarded the Queen’s Award for Enterprise in the International Trade category. The awards are the UK’s most prestigious business awards and are only given to companies or individuals who are outstanding in their field.
To be considered for the International Trade category, entrants must demonstrate that their business has achieved substantial growth in overseas revenue and commercial success. This can come through either outstanding achievement over 3 years or continuous achievement over 6 years.
Winning businesses from a variety of industries
This year’s winners, from the East of England, represent a wide range of products and services covering sectors including manufacturing and environmental technologies. Winning companies varied in size from 10 employees or fewer to companies with over 250 employees.
Companies such as HiBreeds International Ltd, a hatching egg exporter who act as an intermediary for UK farmers and international clients, has had export earnings of 478% in the last three years with potential for further global expansion.
The Porvair Filtration Group Ltd, a filtration and environmental technology specialist, has seen overseas sales rise by 140%, over the last three years by targeting specific industries, such as the Bioscience, Aerospace, Energy and Industrial sectors.
“It is an honour for our company to receive this award and to be recognised for our success in exporting our products manufactured in the UK. Whilst growing international business can be challenging, we have found a significant appetite for quality products manufactured by our skilled and dedicated staff in the UK.
We believe the award represents a significant milestone for the business, one that will serve to enhance our reputation at home and overseas. We anticipate further, sustainable growth in the years to come.”
Tom Liddell, Managing Director, Porvair
Meanwhile Rega Research Ltd who design and manufacture domestic high fidelity sound systems is tapping into the resurgence of the vinyl records industry. The company have shown outstanding sales growth, along with strategic sales development as they continue to look for new worldwide markets.
International trading links
A recent report by Grant Thornton showed that export sales in the East of England increased 4.5% last year. Breaking into new overseas markets is a major part of mid-sized businesses expansion plans with up to 9% of businesses in Essex alone looking to export their products to China.
How Essex International can help companies trade with China
Essex International, the international trade and development team at Essex County Council, works with businesses across Essex and the East of England helping them to export their products to China, as well as promoting the opportunities of a UK location to attract Chinese businesses to invest in Essex and the East of England.
Through an exclusive 26-year relationship with Jiangsu province in China, Essex International is able to provide unique access and offer the right connections to help businesses develop partnerships to help increase their presence in the Chinese market.
“The Gaochun officials were clearly impressed that a number of the Essex International representatives spoke Mandarin, not only the native Nanjing representative based at County Hall, Mr Fan, but also Peter Manning and Paul White of the International Trade Department.”
Lewis Calcutt, MD of VitalCare
The Queen’s Award
The Queens Award is made annually by HM The Queen, and is only given for the highest levels of excellence demonstrated in the categories of International Trade, Innovation and Sustainable Development. It is awarded by HM The Queen, based on the recommendation of the Prime Minister.
The standard of entries to the 50th anniversary of the Awards was exceptionally high; this year only 141 Queen’s Awards were awarded with almost a quarter of entrants winning an award.
Source [HiBreeds International Ltd] [Porvair Filtration Group Ltd] [This is Money]
See here for more information on Essex International.