WHP Celebrating National Win At BVCA Annual Awards
Engineering specialist WHP are celebrating winning the National Business Transformation Management Team Award at this year’s BVCA National Management Team Awards Ceremony.
WHP previously had double success at the Yorkshire & North East Management Team Awards, winning both the Business Transformation Management Team and Growth Management Team categories.
The company’s focus on the delivery of precision engineered solutions for the pharmaceutical, biotechnology and other clean process and manufacturing industries has seen sales grow by 150% over the last two years, achieving significant growth in overseas markets and delivering export sales in excess of £10m during this period. Several multi-million-pounds of business has already been secured for 2020 with further opportunities in final stages of negotiation as the company targets further growth in existing and new market sectors.
WHP was nominated for the awards by private equity investor Endless LLP, which invested in the business from its Enact SME Fund in September 2016, with subsequent further strengthening of the management team and board.
In late 2017 WHP moved into a new 26,000 sq. ft. facility to provide the platform for growth now being demonstrated and more recently have increased build capabilities by opening an additional manufacturing facility at the Port of Tyne.
Success in the BVCA Awards reflects the company’s successful market expansion, which enabled it to increase its workforce by 58% since 2017 rising to over 95.
Ian Lichfield, WHP Chief Executive, said: “Winning this national award is testament to the hard work the team have put into growing the business and I am extremely proud of our recent performance. We have made investments into new facilities, technology and people, all of which will help to ensure that we remain at the forefront of providing high quality solutions for the design and build of advanced cleanroom, manufacturing and process plant installations. Our focus is now on ensuring that the successful growth of the company is maintained.”
The BVCA Awards are organised by the British Venture Capital and Private Equity Association and are the only awards to provide an annual showcase for the best businesses in the UK backed by private equity and venture capital.
WHP’s impressive growth was recognised by the BVCA Award judges in making their decision: “Ian Lichfield and his team have successfully transformed the business, returning it to profitability and substantially growing its revenues, as well as its headcount. The judges were impressed with the scale and speed of the transformation.”