Lance Uggla of Markit named as Ernst & Young UK Entrepreneur Of The Year 2012
London, 9 October 2012: Lance Uggla of global financial information services company Markit was named Ernst & Young UK Entrepreneur Of The Year in London last night.
The awards hosted by Kirsty Young and attended by Lord Young, Enterprise advisor to the Prime Minister, were held at The Park Lane Hilton Hotel. Uggla competed with 43 other business leaders to become the overall UK winner of the awards, which are sponsored by Credit Suisse and are now in their 26th year globally.
The independent judging panel, led by Lord Browne, Partner of Riverstone Holdings and formerly chief executive of BP, praised Uggla’s drive and innovation in creating a global financial information services company providing customers with 1.8million price updates every minute, helping to “increase transparency, reduce risk and improve operational efficiency” in financial services.
The judges praised an “impressive individual who has created a strong culture at his company” since setting up a price information service for the developing credit derivative market in 2001. They said his entrepreneurial spirit is “embedded in the firm's culture – and with over 2,400 employees in 17 offices today, employees remain the largest equity holder of the company.” The judging panel also praised the company’s “capacity to grow in the UK and internationally.”
Uggla will now go on to compete globally with more than 50 other country finalists at the Ernst &Young World Entrepreneur Of The Year awards in Monte Carlo next year.
Stuart Watson Ernst & Young UK Entrepreneur Of The Year leader said: “Lance’s drive, innovation, and belief in transparency and efficiency, has secured the company’s rapid rise as a provider in a competitive market. Entrepreneurship is enshrined in his success as Markit continually look for new ways to solve the needs of their customers, for the benefit of the broader industry.”
“All of the finalists are outstanding entrepreneurs driving their businesses with innovation, inspiration and commitment. Entrepreneurs are investing in people and ideas, creating jobs and wealth, exporting their products and services, attracting foreign investment and supporting their communities to make a real difference. In a flat economy the finalists in the Ernst & Young Entrepreneur of the Year Awards grew revenues by 20% year on year, demonstrating what dynamic businesses can achieve.”
Other awards handed out were for entrepreneurial innovation (Richard and Anthony Joseph from Joseph Joseph); Energy cleantech and renewable (Ian Kelly from Matrix); Consumer products and services (Nick Wheeler from Charles Tyrwhitt Shirts); Manufacturing (Peter Schofield from Tetrosyl Group); Turnaround (Tony Hackney from BSW Timber) Emerging entrepreneur (Lucinda Bruce-Gardyne from Genius Foods) Social enterprise (Mark Sesnan from GLL); PE backed business (Tracy Lewis from Eveden Group); Technology and IT services (Simon Downing from Civica Group) and Master entrepreneur (Fred Done from Betfred).
Steve Varley, UK Chairman and Managing Partner of Ernst & Young, added: “The key to the UK’s long term economic strength is business-led growth.
“Entrepreneurs create many of the UK’s most dynamic and successful companies. We are passionate about helping such high-potential businesses grow their operations, both in the UK and overseas. This year’s UK finalists of our Entrepreneur Of The Year programme had combined revenues of £18bn and created jobs for over 60,000 people.”
The full list of UK Entrepreneur Of The Year 2012 Award recipients (with description and judges’ comments).
- Innovation- Richard and Anthony Joseph of Joseph – Joseph. Joseph – Joseph specialises in contemporary kitchenware. Judges said “These entrepreneurs set out with an export strategy from year one. Now they operate in 73 markets, and grew by 250% last year in the US alone.”
- Energy cleantech and renewables - Ian Kelly of Matrix. Matrix is a start-up with the aim of creating the UK’s leading carbon and energy reduction management company. Ian “bundled together a fantastic pack of services to help clients reduce their carbon output”. He has secured major client wins with some of the biggest brands in Britain, achieving 27% organic growth in 2011, taking the business to £60m turnover.
- Consumer products and services –Nick Wheeler of Charles Tyrwhitt Shirts. Charles Tyrwhitt Shirts sell shirts, ties, suits and shoes to customers in the UK, US and Germany via stores, mail order and the website. “From a single shop in Jermyn Street, with extraordinary focus, they have built up an incredible business with a million customers, and are turning over £100m a year. They now export more than 50% of their products.”
- Business products and services - Lance Uggla of Markit (also the UK overall Entrepreneur Of The year winner)
- Manufacturing -Peter Schofield of Tetrosyl Group. Tetrosyl is the largest manufacturer and supplier of car care products in Europe. “Now generating £180m a year are one of the biggest suppliers in Europe, and developing business in Japan, Korea, and North Africa.” But “they have stayed true to their roots – providing jobs to over 1200 local people in their home town of Bury.”
- Turnaround - Tony Hackney of BSW Timber. Tony, a former miner took the reins at Berwickshire-based BSW Timber in 2008 and helped it to become the UK’s leading sawmiller. Judges described his “amazing” achievements.
- Emerging Entrepreneur - Lucinda Bruce-Gardyne of Genius Foods. Genius Foods is the UK’s leading gluten-free brand with continually expanding ranges of frozen and bakery products. “In response to a family need, they developed a new range of products. They now have a 30% share of the UK market and have expanded into the US and European markets, through Starbucks, Tesco and a number of other outlets. They have “transformed expectations for how gluten free products should taste, look and feel”, and “have the potential to be a globally recognised food brand in the coming years.”
- Social enterprise - Mark Sesnan of GLL. GLL is a staff-owned charitable social enterprise that primarily operates more than 100 community leisure facilities for public bodies. Nearly 20 years ago, the social enterprise winner formed out of the adversity of the then severe local government finance cuts. “Now around 40% of public leisure centres are operated in this way, they have transformed the provision of local services and created a new and successful market. They already turn over £110 m a year and we expect this to grow and grow.”
- PE backed business - Tracy Lewis Eveden Group. Eveden Group are specialists in designing, manufacturing and globally distributing high quality, fashion conscious lingerie and cup-sized swimwear for the fuller bust and figure. Tracy “turned a UK business into a global business, serving over 50 countries” since bringing in private equity.
- Technology - Simon Downing, Civica Group. Civica Group is a market leader in specialist systems and business process services for the public sector. Simon is using their unique knowledge of technology, systems and their clients’ needs to help transform public services, in the UK and around the world. The judges said: “Their services are already used by 50% of all primary care trusts in Britain, 90% of all police forces and 95% of all councils.”
- Master Entrepreneur - Fred Done, Betfred. Betfred is the world’s biggest independent bookmaker with 1350 shops nationwide. Starting with just one shop in 1967 “they’ve built up a chain of 1350, which employs 5,500 people.” The judges said: “His appetite for growth shows no signs of abating. He has put the company in pole position on mobile betting and now has plans to expand.”