4net Technologies scoop growth excellence award

4net Technologies, the award-winning provider of cloud communication, collaboration and contact centre solutions, has been named ‘Growth Management Team of the Year’ at the British Venture Capital Association’s North West Awards.

4net’s Managing Director, Richard Pennington, said: “We are delighted that our contribution to the UK economy has been recognised, during what has been an extremely tricky time for small businesses like ours.”

The judges singled out 4net for its impressive income and headcount growth, its delivery on major contracts and the performance of Pennington and his team.

In their comments at the BVCA North West Management Team Awards dinner, held on Thursday September 12th, at the Hilton Manchester Deansgate, the judges said: ““Richard Pennington and his team are leading a business that is performing very well and delivering strong organic growth, whilst also increasing its headcount.

“It is impressive to see them winning landmark contracts and delivering on good public sector work. The management team, which has been with 4net since inception, provide first class customer service, which has resulted in numerous awards.”

Manchester-based 4net now has 90 employees and revenue of £26.5 million – an increase of more than a third over the last 12 months, with further growth forecast over the next year.

Pennington added: “We have been working flat out to ensure that our dedicated staff are able to excel in their fields and continue to help us grow, and that determination has been recognised by our peers and the judges at the BVCA. We have high hopes for the coming year, despite the Brexit worries that many businesses like ours are currently experiencing.”

Among others, 4net has recently won new contracts for Liverpool Women’s Hospital, Aneurin Bevan University Hospital in Blaenau Gwent, Newcastle City Council, Grand Union Housing Group, and Innogy, the parent company of npower.

The BVCA Management Team Awards, produced in association with Grant Thornton UK LLP, are the annual celebration of excellence for UK businesses backed by private equity and venture capital.

Now in their eleventh year, the awards provide a platform for management teams across the country to demonstrate their vital contribution to the UK economy.