Herefordshire and Worcestershire Chamber of Commerce have revealed the winners of the Chamber Business Awards 2013, and a company from Kidderminster has clinched a coveted award. Fleet Innovations Limited were presented with their richly deserved Award for Most Promising New Business in front of 400 business leaders from across the two counties at the prestigious awards ceremony held at the Chateau lmpney Hotel on Thursday 26 September.
Set up in 2011, Fleet Innovations Limited, run by a team of ﬂeet and ﬁnance industry experts, developed their innovative PEAK (Precise Easy Accountable Knowledge) Mileage Capture system, which includes the Trip Stick, a GPS/USB dongle that is easily installed into the 12v cigarette lighter or USB port of any vehicle and enables companies to log their employees‘ mileage with incredible accuracy. Not only does their product help businesses avoid excessive and inaccurate expenses payments to employees, it also promotes business mileage tax efﬁciencies, saving some companies £millions per year in HMRC ﬁnes.
Working closely and effectively with the UK Trade & Investment (UKTI) team at Herefordshire and Worcestershire Chamber of Commerce, Fleet Innovations have plans to expand into Germany, Australia and the USA in upcoming years. They also intend to reduce the cost of the solution to their customers, launch new innovations and employ more people locally in the next three years.
The judges described Fleet Innovations as a “really good company that knows their product and their market well.” They added that the Kidderminster-based ﬁrm had a well thought through business plan and model, an easy to understand product and a scalable business that had signiﬁcant potential for expansion in the UK market, as well as easy entry into exporting.
Nigel Morris, Finance Director, of Fleet Innovations Limited, who collected the award commented: I “We are very proud to be part of the Chamber and it is fantastic to be recognised by them and to have won this award. It has been a real team effort to get this far and we dedicate this also to our hard working team behind the scenes.”
Alex Baker, Managing Director and co-founder added: “Fleet Innovations is all about innovating and keeping it simple. We aren’t resting on our laurels and have already embarked on a new strand to the business involving a new product. This new product, supported by a grant from the Green Bridge Supply Chain Programme, will help evaluate the readiness of a business to use electric cars, ascertain what changes are required to make use of them and identify where they would be used and where charging points would be best situated to maximise their use.”