More than 240 British businesses have received a Queen’s Award for Enterprise, recognising their contribution to international trade, innovation and sustainable development. Among the firms recognised is also Source Global Research, a UK based provider of market intelligence on the global management consulting industry.
Yesterday, on the day Her Majesty’s celebrated her 90th birthday, the government named the winners of the Queen’s Awards for Enterprise. The competition is, according to Business Secretary Sajid Javid, widely regarded as the most prestigious business awards in the country, and provides winners the opportunity to use the esteemed Queen’s Awards emblem for the next five years.
This year 243 British businesses, 102 more than the year previous, received a Queen’s Awards for Enterprise. Seven businesses scooped awards for sustainable development, with a further 92 awards presented for innovation. The category for international trade increased to 150 winners, indicating the high quality of entries from businesses showing “outstanding international growth”, comments Javid.
One of the firms recognised in the international trade category is Source Global Research (Source), an analyst firm with a focus on the management consulting industry. Established in 2007 by Fiona Czerniawska, Source has rapidly expanded over the last three years – doubling turnover and staff. Exports increased by 48% in 2015 to £1 million compared to the previous year, with most of Source’s international growth (95%) coming from market outside Europe. The US – the globe's largest consulting market – serves as a key export hub, while the United Arab Emirates (UAE) ranks among Source’s fastest growing markets, in line with the booming demand for consulting services in the region.
In 2012, to capitalise on the growth opportunities in the Middle East – “there is real shortage of specialist research” said Czerniawska back in April that year – Source opened an office in Dubai. From its bases in London and Dubai the analyst firm now works for all of the world’s top 20 consulting firms (by revenue). The research portfolio spans the consulting markets of more 80 countries around the world, from the powerhouses such as the US, UK and Germany to smaller markets such as those in Africa.
Commenting on the prize, Czerniawska says she is “delighted” that the firm’s rapid international growth has been recognised for a Queen’s Award, and adds: “We’re very proud of the fact that all of the world’s top 20 consulting firms are now clients. We aim to remain the leading global provider of market intelligence on management consulting.”
Globally, Source competes with the likes of US based ALM Intelligence (formerly Kennedy Consulting Research & Advisory), Gartner, IDC and with representative associations in countries, such as the MCA in the UK.
Javid concludes: “We are a country full of exciting and innovative businesses that deserve to be celebrated. I’d like to commend all the winners for their hard work in creating jobs for people and driving our growing economy.”