About the awards
Large award-winning companies experienced a 48% increase in operating income and a 37% growth in sales when compared to non-award winners.
Smaller award-winning companies were also shown to have experienced a 63% increase in operating income, and a 39% growth in sales when compared to non-winners.
Source: British Quality Foundation based on experience in the USA.
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keep up to speed with the latest awards launching and industry newsA study compared the financial performance of 120 award-winning companies across Europe that met specific criteria against comparison companies of a similar size and operating in the same industries.
The financial performance was tracked over 11 years. The study found that the award-winning companies showed improvements in financial performance after just a year of winning their first award.
Source: University of Leicester for the British Quality Foundation and the European Foundation for Quality Management.
Three years after receiving an award, the 120 award-winning companies outperformed the comparison companies by an average of 17% for sales and 36% for share value.
During the final year that performance was tracked, the award-winning companies experienced even greater increases as compared to comparison companies with sales growing by an average of 77% more and operating income by 18% more.
Source: University of Leicester for the British Quality Foundation and the European Foundation for Quality Management.
The Best Business Awards are marketed and administered by Awards Intelligence the UKs leading provider of business awards support services, news and information to progressive organisations.
Entries are judged by an independent panel of past winners and other business experts. Each submission is scored against specific category criteria with particular emphasis on success and innovation. Click here to meet the judges.
Founder - Y2 Learn Driver Training
winning this last award has got me an invitation to join the Institute of Master Trainers Association. I’m really pleased
Director of Marketing, Solihull College
Winning a Best Business Award has provided us with a platform to raise our profile via the media. Since winning we have secured press coverage in key national and regional publications regarding the great work we are doing and we have attracted students to the college that may not have otherwise heard about us.
I would recommend the Best Business Awards to any dynamic organisation that wants to prove to stakeholders that it is delivering.
co-founder of Concert Live
If you are a young business without much marketing spend, then entering awards can be a cost-effective way of generating positive marketing and PR, because you are thrown into the spotlight. It also offers a seal of approval.
Potential customers can look at that and think “I’m happy to do business with this company”, because they have that recognition.
