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Company Shop joins London Stock Exchanges Inaugural ‘ELITE’ Programme


28/04/2014


Company Shop News


Company Shop, the UK’s largest redistributor of surplus food, has today confirmed it has been selected to join the London Stock Exchange’s inaugural ‘LSE ELITE’ programme, launched to support and develop twenty high growth private businesses across the country.

Company Shop joins London Stock Exchanges Inaugural ‘ELITE’ Programme

Company Shop, the UK’s largest redistributor of surplus food, has today confirmed it has been selected to join the London Stock Exchange’s inaugural ‘LSEG ELITE’ programme, launched to support and develop nineteen high growth private businesses across the country.

 

The programme aims to further enhance the prospects of successful SME companies from across a range of sectors, through a unique package that includes business coaching and access to some of the UK’s most influential advisers and business leaders.

 

To make this happen, London Stock Exchange Group has partnered with Imperial College Business School and a specialist team to provide organisations like Company Shop with the sort of expert advice and support normally only available to larger firms. Major trade body supporters include the CBI, ABI, BBAA, BVCA and Tech City, with the Mayor of London and Ministers also getting behind the scheme.

 

The ELITE programme is based on a highly successful program in Italy which the London Stock Exchange Group has run for more than two years, with over 130 companies participating. As part of their journey through ELITE, management teams will be guided on how to adapt and shape their businesses for further long-term growth and how to increase their visibility and attractiveness in the market.

 

John Marren, Chairman of Company Shop, said:

 

"We are delighted that the London Stock Exchange has accepted Company Shop onto its first cohort as part of the ELITE programme.  We’re proud and privileged to be a part of the scheme, alongside such esteemed industry peers from the food industry and beyond.

I started the first Company Shop in Tankersley, South Yorkshire, back in 1985. A lot has changed since then and we’ve grown a lot - but we’re the same family business at our core.

We’re looking forward to learning from the brightest and the best on this programme as we take our model for surplus food redistribution to the next level."

 

Xavier Rolet, CEO of London Stock Exchange Group, said:

 

"We believe that the environment in the UK is ripe for a scheme to support high growth businesses. Innovative businesses are often the most ambitious companies, but to get ahead they need new resources, new relationships and new funding which many businesses find challenging or time consuming to access.

ELITE will provide high growth companies with the essential tools they need to develop and help foster a connected financial ecosystem, promoting the right type of funding for businesses at each stage of their journey.

We firmly believe that these companies will fuel the long-term growth of the UK economy, and that ELITE is a unique platform to help them achieve their full potential."

 

For further information on the programme, companies and partners, please refer to:

 

www.londonstockexchange.com/elite

 


 

Note to Editors

 

Company Shop

 

               
  • Company Shop is the UK’s largest commercial redistributor of surplus food and stock in the UK, working with retailers, brands and manufacturers to stop good food going to waste
  • Established in 1985, Company Shop now handles over 30,000 tonnes of surplus stock per year and employs over 500 staff
  •     
  • Company Shop received the ‘Best Business Initiative’ award at last year’s Grocer Gold Awards, has been just been shortlisted for ‘Best Consumer Initiative’ at this year’s awards and is currently a Finalist in the Radio 4 Food and Farming Awards.

 

For more information please contact the Company Shop Press Office on 0800 024 6691 or email [email protected]