Newspaper article The Evening Standard (London, England)

Almost Time for Capital's Best to Take Their Bow

Newspaper article The Evening Standard (London, England)

Almost Time for Capital's Best to Take Their Bow

Article excerpt


NEXT week sees an event of which every business person in the capital and the South-East can be proud: the second annual London Business Awards.

Staged by the London Chamber of Commerce and sponsored by KPMG, with the Evening Standard as media partner, the awards represent a coming together of all that is good about business, recognising enterprise, risk-taking, innovation, courage and commitment to the community.

The winners will be unveiled at a glittering ceremony at the InterContinental Hotel in Park Lane next Thursday. They will be drawn from a shortlist, the quality of which gives some indication of the difficulty of the task facing the judges.

Remember these are awards for London businesses. They are not for multinational corporations which could just as easily operate elsewhere. They are for businesses that have developed here, stayed here and provide employment here.

The finalists that are battling it out for the Business Innovation prize are, Trinity College of Music, spare s -Finder and Berwin Leighton Paisner.

In Business Turnaround of the Year, the judges worked from a shortlist of inspiring stories. There was the Elliott Partnership, a husband-and-wife communications agency that suffered virtually every calamity going, only to bounce back stronger and wiser. In just 18 months, SP Holdings has been transformed from the loss-making World Sports Solutions into a dynamic sports marketing group.

Morgan McKinley ran up an operating loss of [pounds sterling]843,000 two years ago. This financial year it will make a profit of [pounds sterling]4.1 million. A new management team has changed the outlook for The Bread Factory. Working with the founder, it has turned a pre-tax loss of [pounds sterling]160,000 in 2002 into a [pounds sterling]350,000 profit in 2004.

Commitment to the Community sees tough competition between Imperial Wharf, a groundbreaking housing project from St George; Bankside Restaurant, a finalist last year; Arbor, specialising in causerelated campaigns and projects; Sepco, which applies solar power to illuminate bus shelters around the world and Holts, a Hatton Garden jeweller that trains other jewellery manufacturers-In the Entrepreneur of the Year category, Dan Somers of VC World is up against Mayank Patel, the brains behind Currencies Direct, Calypso Rose of Clippykit and Neil Sikka of Barbican Dental Care. …

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