Printer Friendly

Our success is ahead of the rest.

The North East BIC's track record in company survival rates outstrips national statistics.

More than 75pc of companies assisted by the BIC are still thriving after three years, compared to a regional rate of 54pc and a national figure of 63pc.

In fact, some of the region's major businesses such as Leighton, Techtonik and Mediaprom began life at the BIC and have flourished to become multi-million pound concerns.

One such success story is Advanced Engineering Solutions Ltd (AESL) now based at Cramlington.

The specialist pipeline engineers provide design and management services to the water, gas and petro-chemical industries. The company was formed in October 1995 and operated from the BIC until April 1998.

AESL MD Malcolm Wayman said: "The BIC was chosen as the best place to operate the newly formed business because it offered a good combination of on-site support and flexibility in meeting developing office and workshop requirements. A range of on-site business support was used and a solid working management relationship quickly developed with the BIC staff."

Growth in the business resulted in the need for more office and work space and in 1998 a redundant fire station in Cramlington was purchased, offering the ideal combination of office, workshop and outside test and storage facilities.

AESL has continued to broaden its market and now employs some 40 staff plus contractors.

The fledgling company benefited in a number of ways from the BIC.

Malcolm said: "The major requirement was to focus on business development and to find some level of business stability and this was achieved with both encouragement and assistance from the BIC staff.

"AESL specifically benefited from financial assistance, financial advice, marketing assistance and advice.

"The flexible approach to providing the necessary premises meant we were able to handle our rapid growth, allowing us to concentrate on new business."
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Journal (Newcastle, England)
Date:Nov 10, 2004
Previous Article:ONE has more to think about.
Next Article:Forging European links.

Related Articles
TWO BAD FOR POSH; EXCLUSIVE: Tears for Spice Girl as she's beaten to No1.
Pippa Sibley Column: UNRIVALLED TALENT.
Steering clear of hassle.
Rugby League: Anderson backed by St Helens players.
RTE take on rivals in breakfast slot battle.
Brit teen prepares to become world's youngest mother of conjoined twins.
Intel Honours innovative young scientists.
Brit teen prepares to become world's youngest mother of conjoined twins.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters