May 2012 - Somerset Chamber of Commerce

May 2012 - Somerset Chamber of Commerce May 2012 - Somerset Chamber of Commerce

somerset.chamber.co.uk
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22.12.2012 Views

4 British Chamber of Commerce Awards 2012 Companies could win £25,000 at Chamber awards Companies are being urged to show that ‘Business is Good for Britain’ by taking part in one of the nation’s leading Awards. The British Chambers of Commerce (BCC) have officially launched the Chamber Awards 2012 by inviting firms to showcase their talents and achievements to be in with a chance of winning a £25,000 cash prize. Open to all businesses that are members of an Affiliated Chamber (such as Somerset Chamber), the competition is designed to recognise and promote the best businesses in Britain through a series of regional heats followed by the National Final, which will be held in London on November 29 th. There are nine categories to choose from; � Achievement in International Business � Award for Commitment to People Development � Award for Excellence in Innovation � Award for Excellence in Customer Service � Business of the Year Award � Entrepreneur of the Year Award � Marketing Campaign of the Year � Most Promising New Business Award � The Sustainability Award The Awards, which are now in their 9 th year, is one of the showcase events for the BCC’s ‘Business is Good for Britain’ campaign that highlights the role of business as a positive force for the UK recovery and the success of local communities and individuals. President Martyn Pellew said: “This year we want everyone to understand the contribution business makes to the economy, and to society as a whole. Businesses will be at the forefront of the recovery, providing jobs, and creating wealth. “Every day we hear amazing stories from businesses that are innovative, successful in international markets, and create new products. It is stories like these that we are looking to find and recognise through the Chamber Awards. Last year, over 600 firms took part and 2012 promises to be even bigger as we look to demonstrate that ‘Business is Good for Britain!’” Closing date for entries is 29 th June, with companies assessed at a regional level first, with the winners going through to compete in the National Final in November. At this stage, a high-profile judging panel of business leaders and entrepreneurs assesses contenders, before the overall winners are announced in each category with one company winning the £25,000 cash prize and the Outstanding Business Achievement title. To date, there have been over 650 Chamber Award winners and over £300,000 given out in cash prizes. This year, it could be you and all you need to do is complete and submit your entry form! WHY ENTER? Gaining that competitive edge! The world of commerce is increasingly competitive, due to factors such as e-commerce and ever changing economic climates. Businesses in the UK have to work harder and smarter for success. As members of Accredited Chambers of Commerce our entrants are part of a wider national business network, and the Chamber Awards provide them with the opportunity to gain recognition on a regional and national scale for the hard work and achievements of their business. Taking business to the next level! Previous winners have experienced year round exposure from the Awards programme including appearances on TV. With the added incentive of winning a £25,000 cash prize courtesy of the RBS Group, many businesses have taken advantage of this opportunity! Awards categories Our awards categories aim to recognise the success and achievements of your business across a number of disciplines from international trade to innovation and entrepreneurial spirit. Your business can enter as many of our awards as you wish, but you can only enter each award once! ENTER HERE WWW.CHAMBERAWARDS.CO.UK/2012/

Somerset Business News Seed Developments Sows plan for growth Expansion plans follow HSBC-backed Management Buy-In The new management of Seed Developments, a company that produces materials to facilitate the successful growth of flower and vegetable seeds, is targeting international and domestic expansion after completing a management buy-in (MBI) of the business, backed by HSBC’s South West and Wales Commercial division. The four strong investment team, lead by managing director Andrew Gould, has acquired the entire share capital of the business following the £2.5 million MBI, with finance provided by HSBC. Mark Perrins, International Commercial Manager at HSBC’s North Devon and South Somerset Commercial Centre, led the deal on behalf of the bank, whilst the acquirers were advised by law firm Foot Anstey and accountants Albert Goodman. This is the second significant MBO/MBI deal HSBC’s North Devon and South Somerset Commercial Centre has supported since the start of the year. It provided structured debt and ongoing banking services to facilitate the £8.5 million MBO of Aero Stanrew in January. Seed Development is based near Bridgwater, Somerset, and employs approximately 50 people. The company produces materials to facilitate the growth of domestic flower and plant seeds, including tape, mats and disks. The products optimally place the seeds for efficient growth without the need for handling seeds, remove the need for thinning out seedlings and resulting in better yields and stronger plants. Pictured from left to right are Duncan Sykes, Andrew Gould, Tracey Williams and Mark Perrins. It makes seed tapes and associated products for seed companies throughout Europe, North America and Australasia and enjoys a 70% share of the global market, generating 98% of its £2.3 million turnover from exports. It was formed in 1966 and the previous joint owners, Pieterpikzonen BV, a leading Dutch seed company, and Richard and Bella Flood, ran the business since 1996. Andrew Gould was previously finance director of the Jockey Club for 22 years and is currently chief executive of Verand Consulting. He believes the business offers strong growth opportunities both at home and abroad. He says: “We all like to be more careful about what we eat these days and there is certainly a trend towards growing your own food in the UK. Many gardeners are using pot luck when planting seeds and could be deterred from trying again if their plants fail. We believe the UK is a real untapped market for this product, but there are also strong growth opportunities in our current international markets and, potentially, beyond.” Gary Burton, HSBC Regional Commercial Director for the South West and Wales, added: “The management team behind this MBI have significant business experience and delivered a clear and coherent vision of where they want to take the company, which has already enjoyed strong success and operates in a growth market. These factors present a compelling case for investment and we were pleased to back the management team in this MBI. “This is the second MBO/MBI type deal we have supported in the South West since the turn of year following the Aero Stanrew deal in January and although this type of deal is not as commonplace as it once was, we are seeing an increase in activity in this area.” Duncan Sykes, Corporate Partner at law firm Foot Anstey, said: “We are delighted to have worked with Andrew Gould and the team on this deal. They clearly have strong plans to expand the business which is great news for the region. We look forward to supporting the team with specialist advice in the future." Albert Goodman Corporate Finance Partner Tracey Williams added: "It was good to work with a bank who from the outset looked beyond the 'MBI' headline and the conditions of the debt markets. This is a gem of a business. Even in this climate, the usual prerequisites apply and made this deal possible: impressive management team, visibility of revenues and an attractive and growing market sector." 5

4<br />

British <strong>Chamber</strong> <strong>of</strong> <strong>Commerce</strong> Awards <strong>2012</strong><br />

Companies could win £25,000 at <strong>Chamber</strong><br />

awards<br />

Companies are being urged to show that ‘Business is<br />

Good for Britain’ by taking part in one <strong>of</strong> the nation’s<br />

leading Awards.<br />

The British <strong>Chamber</strong>s <strong>of</strong> <strong>Commerce</strong> (BCC) have <strong>of</strong>ficially<br />

launched the <strong>Chamber</strong> Awards <strong>2012</strong> by inviting firms to<br />

showcase their talents and achievements to be in with<br />

a chance <strong>of</strong> winning a £25,000 cash prize.<br />

Open to all businesses that are members <strong>of</strong> an<br />

Affiliated <strong>Chamber</strong> (such as <strong>Somerset</strong> <strong>Chamber</strong>), the<br />

competition is designed to recognise and promote the<br />

best businesses in Britain through a series <strong>of</strong> regional<br />

heats followed by the National Final, which will be held<br />

in London on November 29 th.<br />

There are nine categories to choose from;<br />

� Achievement in International Business<br />

� Award for Commitment to People Development<br />

� Award for Excellence in Innovation<br />

� Award for Excellence in Customer Service<br />

� Business <strong>of</strong> the Year Award<br />

� Entrepreneur <strong>of</strong> the Year Award<br />

� Marketing Campaign <strong>of</strong> the Year<br />

� Most Promising New Business Award<br />

� The Sustainability Award<br />

The Awards, which are now in their 9 th year, is one <strong>of</strong><br />

the showcase events for the BCC’s ‘Business is Good<br />

for Britain’ campaign that highlights the role <strong>of</strong><br />

business as a positive force for the UK recovery and the<br />

success <strong>of</strong> local communities and individuals.<br />

President Martyn Pellew said: “This year we want<br />

everyone to understand the contribution business<br />

makes to the economy, and to society as a whole.<br />

Businesses will be at the forefront <strong>of</strong> the recovery,<br />

providing jobs, and creating wealth.<br />

“Every day we hear amazing stories from businesses<br />

that are innovative, successful in international markets,<br />

and create new products. It is stories like these that we<br />

are looking to find and recognise through the <strong>Chamber</strong><br />

Awards. Last year, over 600 firms took part and <strong>2012</strong><br />

promises to be even bigger as we look to demonstrate<br />

that ‘Business is Good for Britain!’”<br />

Closing date for entries is 29 th June, with companies<br />

assessed at a regional level first, with the winners going<br />

through to compete in the National Final in November.<br />

At this stage, a high-pr<strong>of</strong>ile judging panel <strong>of</strong> business<br />

leaders and entrepreneurs assesses contenders,<br />

before the overall winners are announced in each<br />

category with one company winning the £25,000 cash<br />

prize and the Outstanding Business Achievement title.<br />

To date, there have been over 650 <strong>Chamber</strong> Award<br />

winners and over £300,000 given out in cash prizes.<br />

This year, it could be you and all you need to do is<br />

complete and submit your entry form!<br />

WHY ENTER?<br />

Gaining that competitive edge!<br />

The world <strong>of</strong> commerce is increasingly competitive, due<br />

to factors such as e-commerce and ever changing<br />

economic climates. Businesses in the UK have to work<br />

harder and smarter for success.<br />

As members <strong>of</strong> Accredited <strong>Chamber</strong>s <strong>of</strong> <strong>Commerce</strong> our<br />

entrants are part <strong>of</strong> a wider national business network,<br />

and the <strong>Chamber</strong> Awards provide them with the<br />

opportunity to gain recognition on a regional and<br />

national scale for the hard work and achievements <strong>of</strong><br />

their business.<br />

Taking business to the next level!<br />

Previous winners have experienced year round<br />

exposure from the Awards programme including<br />

appearances on TV. With the added incentive <strong>of</strong><br />

winning a £25,000 cash prize courtesy <strong>of</strong> the RBS<br />

Group, many businesses have taken advantage <strong>of</strong> this<br />

opportunity!<br />

Awards categories<br />

Our awards categories aim to recognise the success<br />

and achievements <strong>of</strong> your business across a number <strong>of</strong><br />

disciplines from international trade to innovation and<br />

entrepreneurial spirit. Your business can enter as many<br />

<strong>of</strong> our awards as you wish, but you can only enter each<br />

award once!<br />

ENTER HERE WWW.CHAMBERAWARDS.CO.UK/<strong>2012</strong>/

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