Entrepreneurship Wales: Transport Company Driving Forward; HAULAGE: Tredegar-Based Monex the 50th-Fastest Growing Business in the United Kingdom
Byline: WILL SMALE Assistant Business Editor
A YOUNG entrepreneur is continuing to drive forward his successful road haulage business.
James Howells, 28, is managing director of Tredegar-based Monex, which last autumn was named as the 50th fastest-growing company in the United Kingdom.
From a turnover of pounds 620,000 in 1997 to pounds 4.4m in 2000, it is now poised to achieve pounds 8.5m in 2002.
Mr Howells, who set up Monex in 1997 after inheriting his father's successful transport company, said it is important to always keep growing.
``No one gets any prices for standing still in business,'' he said.
``We started out concentrating on a niche market - automotive logistics - and offering a firstclass service. Since then we have diversified into other sectors.
``The basis was not just to keep increasing profits but to branch out across the UK.''
Monex has three depots in South Wales - Tredegar, Merthyr Tydfil and Brynmawr, one in Birmingham and its newlyacquired Avonmouth operation, which will see the company move into sea freight unloading.
It employs 118 people across the UK and also has overseas operations in South Africa, Holland and Germany.
``Haulage is not the most exciting industry but it is enjoyable when done correctly,'' said Mr Howells.
``I also grew up with my par-ents involved in the trade. When they retired I had the opportunity to do it myself and with their help have pushed things forward. …