Advantage HGV / LGV Training Ltd shows strong growth
Training and Recruitment Company ‘Advantage Training Services Ltd’, released strong figures today from their last financial year.
The company, which specialises in HGV / LGV training and employment provision, showed a continued upward trend in revenues and profits, beating earlier forecasts. The company put the new figures down to an emergence from recession and a renewal of a number of large, long term, sole-supplier contracts.
Managing Director Gary Benardout, stated:
’2009-2010 has been another great year for Advantage. We have renewed contracts with the RHA, DWP and JCP – moving to become sole suppliers of training and out-placements services for these organisations. With the Government pumping £billions into vocational training, Advantage are proud to be a sole-supplier for all JCP and DWP contracts. To date we have re-trained and placed 100′s of job-seekers into new careers within the logistics industry.
Our corporate division has also continued to grow, and we have secured dozens of contracts with high-profile businesses. Meanwhile our consumer arm is thriving, with over 1,500 trainees trained and placed in the last financial year.’
Headline figures for 2009/10 show GP of £1.2m against a turnover of £3.18m and the MD has high expectations for the future.
‘Q2 of 2010 will see the launch of our latest venture, combining state of the art technology with traditional methods of training. The project, codenamed ‘HGV 2.0′, will represent a huge technological investment in our sector and we expect it to be taken up across the board.’
Advantage Training Services Ltd is also rolling out a program for more regional representation. Financial Director J.Clifford confirmed:
‘Advantage’s partners have continued to grow across the UK. We now have over 45 qualified ‘AdvantageWay’ partners – and this figure is set to rise throughout the year. We are constantly inundated with request from potential partners, but not until full screening and due diligence is done, do we accept them into AdvantageWay. As a result, partnerships will grow slowly and steadily in 2010, whilst we seek out the very best of the best to work with.’
Other figures point strongly to growth in 2010 – advertising budgets are set to rise, with large coverage across the internet, daily and trade press. A move into television placement is expected in Q3, with filming for a series of commercials starting in the next month.
Gary Benardout continued to comment:
‘Advantage is well placed to accommodate the many changes expected in the sector this year. New legislation has been passed, and whilst other companies still struggle with implementation, our team has ensured that all new trainees, placements and partners are fully accredited with all new rules and regulations. Our industry-leading initiatives regarding new legislation, have given us the edge over our competitors when pitching for business. No other company understands the industry like we do, and our clients, new and existing, appreciate this no end.’