Hi-Force named ‘Business of the Year’ Finalist
28 Oct 2019
The Northamptonshire Business Awards recognises exceptional businesses and business people, from global companies based locally to exciting new ventures on the up. The ‘Business of the Year’ award aims to recognise notable achievements relating to impressive financial results, advancements in products as well as market breakthroughs, and Hi-Force is delighted to have been announced as a finalist in this category.
As a proud ambassador for UK manufacturing, Hi-Force is continually investing in the expansive manufacturing facility, located in Daventry, through investments in state of the art machinery as well as recruiting highly skilled engineers and designers. Initiatives such as the apprentice scheme and the product innovation scheme support the company’s objectives in product advancements, ensuring the Hi-Force brand remains at the leading edge of hydraulic tool technology.
The Company’s focus on innovation and expertise is considered as a prime contributor to the impressive profitable growth that has taken place over recent years. The financial year ending March 2019 indicated an 11% increase in EBITDA, over the previous financial year ending March 2018, which delivered a 32% growth in EBITDA.
Hi-Force’s dedication to being a responsible manufacturer and employer is a further reason the business has achieved recognition as a Business of the Year finalist. In November 2018, Hi-Force achieved ISO 14001:2015 accreditation as a result of its environmental performance. The business reduced its industrial waste by 26.5% by partnering with reputable waste removal companies as well as favoring suppliers who are also ISO 14001:2015 accredited. These efforts also extend to our office environment through initiatives such as removing single use plastic in the workplace and introducing electric and hybrid cars within the business fleet.
The Business of the Year award winner will be announced by an independent judging panel at the awards ceremony on Thursday 7th November. The Hi-Force board of Directors will be in attendance to represent the business, and its global network of staff, who have enabled Hi-Force to achieve this prestigious nomination. Ahead of the awards evening, Hi-Force’s Group Managing Director Kevin Brown commented, “from humble beginnings in the area dating back to 1968, Hi-Force remains a proud and loyal manufacturer to the County and is delighted to be recognized as a finalist for this award. To win on the night would be a fantastic recognition of the Company’s recent achievements.”