Vital Certificates Named As Finalist In Amazon Growing Business Awards
We are proud to announce that Vital Certificates has been named a finalist in the 2016 Amazon Growing Business Awards. Nominated within the Triumph Over Adversity category, the company demonstrated its ability to both triple in size to revenues of over £1m, and expand internationally when it opened its first overseas branch in Dubai last year, despite trading through a formal insolvency arrangement.
Speaking of the nomination today, the company’s Managing Director, Matt Lawless, explained:
“Back in 2011, the company faced extreme challenges due to low-quality competition reducing pricing to an unsustainable level – it had no alternative but to enter into an insolvency agreement to try to secure its future. Structured under the Company Voluntary Arrangement (CVA) scheme, Vital Certificates had to prove its long-term viability, and trade under the scrutiny of an Insolvency Supervisor. We didn’t know at the time that most businesses would simply have chosen to close, and that subsequently 90% of businesses never get through to the end of the agreement. Surviving the process, yet growing at the same time, was an immense achievement for both the company and the staff that relied upon it.
“When the company was nominated for the award, all the months and years of effort were recognised. We are delighted to have been made finalists, and look forward to the awards dinner in November when the winner will be announced.”
The company is expecting similar growth this year with expansion into Qatar as well as continued buoyant trading in both the UK and UAE. Further initiatives for its corporate client base to include an export documentation services and recruitment support, suggest that the company will continue to grow and prosper.