Companies that have put growth at the centre of their operations will be competing for glory at this week’s North East Business Awards .
Bloom Procurement Services, the Wheel Company and razorblue are finalists in the Let’s Grow category, having won heats held earlier in the year in Tyneside and Northumberland; Durham, Sunderland and South Tyneside; and Teesside.
The winner will be announced at the regional final taking place at Hardwick Hall Hotel in Sedgefield, County Durham, on Thursday.
Bloom Procurement Services helps its customers to buy professional services better and it has big aspirations for significant growth over the next three years.
It has already been recognised by Porge Research as one of the fastest growing professional services companies in the UK. Bloom combines this with a unique proposition for public sector procurement and a real belief in public service.
Over the past two years, it has made substantial investments in business core capabilities; with significant increases in the skills and capacity of its people, new facilities and developing its unique IT system.
Bloom has identified significant potential to grow in the public sector as well as the private sector within the UK and internationally.
The Wheel Company is a wheel remanufacturing company based in Seaham. The company is currently a trusted contractor for major corporate clients such as Hyundai and KIA, and historically has not dealt with private clients or dealerships.
Its main focus is to attract new partnerships with a further three leading manufacturers, and to expand its presence and be fully integrated across Europe for its Hyundai warranty scheme, supplying wheels to all 23 countries in Europe.
Turnover increased 53.8% in 2017/2018 with a net profit increase of 87.5%. The company now wishes to break into a new market and are launching this month a new service whereby private customers get professional and high class wheel remanufacturing services.
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razorblue is aiming to be the most respected provider of managed IT services in its respective operating regions. This includes the continued expansion of the unique managed services, cloud, connectivity, telecoms and software product families.
Over the past 12 years, razorblue has grown from a team of just two to over 80 staff across five locations. The company has continued to acquire clients in a challenging market, creating an additional 30 jobs in the last two years, a 42% increase.
Turnover has grown historically between 30-35% each year, and profitability has remained strong despite consistent reinvestment to further grow the business. Record profits of in the region of £550k are expected this year, with further growth into 2019.
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