Portfolio winner Andrew James has picked up another award.
The company, a past Portfolio Business of the Year winner, has been honoured for its effective use of capital in a ceremony at Richard Branson’s Oxfordshire home.
We very much see ourselves as rooted in the area.Andrew Tomlinson
The family-run online retailer was ranked 32nd in the Sunday Times Virgin Fast Track 100 list of the fastest- growing private companies in the UK and representatives from the 100 companies joined the Virgin founder or a conference and awards ceremony.
Andrew James was awarded the accolade for ‘Effective Use of Capital’, having developed a new office headquarters and separate distribution centre in Seaham by reinvesting profits and taking advantage of an injection of capital from the Business Growth Fund.
Director James Buckle said: “It means a lot to us to get recognition from some of the country’s leading business minds for all the hard work and capital investment we have put in to developing the new headquarters and distribution centre.”
The distribution centre at Foxcover Industrial Estate has been kitted out with state-of-the-art warehousing technology, which will allow the company to accurately and efficiently dispatch as many as 50,000 parcels per day.
The firm is also creating a new base at Seaham’s Spectrum Business Park.
“The facilities at the new headquarters are going to be really top-notch” said James.
“We want our employees to work in an environment that will inspire them to contribute their very best, and to work together to drive the business onwards and upwards.”
Fellow director Andrew Tomlinson added: “We are keen to become a landmark organisation in Seaham, and this award for our enterprising and ambitious use of business capital is a real feather in our cap.
“We have already had staff assisting with Seaham in Bloom ahead of our move, and we see this level of involvement with charity and the local community as an integral part of our responsibilities. We very much see ourselves as rooted in the area.”