Sports gear company scoops national award
By Bev Hawes | 16th October 2018
A Gloucestershire company has won national recognition at the Barclays' annual High-Growth & Entrepreneur Awards.
Barnwood-based Ruroc, which designs and manufactures winter sports helmets and goggles, received the UK International Expansion category award.
The Barclays awards celebrate entrepreneurs' success, leadership and positive impact on society.
Ruroc have their own patented designs and continue to develop and improve the product range. Number one priority is safety due to the nature of the extreme winter sports,
They have in house design teams and all products are manufactured in China.
The Rees family completed an MBO of the business in March 2015. Dan Rees was already working for the business at that time. From then on they have achieved growth of sales revenue from £1.4m to £2.1m to £3.4m and forecasting doubling growth to £7m in the next financial year.
The business has over 1,000,000 followers on social media (mainly Facebook). The business is e-commerce focussed with a direct to consumer model which has bucked the trend in the winter sports model that mostly rely on independent stores and large distribution chains. By going direct to customer and cutting out the middle man they have been able to vastly improve product quality and innovation of the products.
Richard Heggie, Head of High Growth & Entrepreneurs Proposition at Barclays said: "The Barclays High-Growth & Entrepreneur Awards, now in its third year, has proved to be a valuable and influential business competition for entrepreneurs and high growth businesses across the country.
"Entrepreneurs are fundamental to the UK's economic competitive advantage, disproportionately driving job growth, attracting investment, and creating the innovative products and services that shape our todays as well as tomorrows."
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