SWA secures new contracts in excess of £1m

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SWA secures new contracts in excess of £1m

SWA, a Thurmaston based training and consultancy company has just secured three new contracts worth over £1m.

The contract wins sees the company look towards expanding their current workforce helped by new funding arranged through RBS under the government's enterprise finance guarantee scheme.

SWA is run by Steve Walker, the current Chairman of the Leicestershire IoD Young Directors Forum and the British Chambers of Commerce current East Midlands Entrepreneur of the Year.

The contracts are with Wincanton the supply chain solutions providers and two other major companies. The Wincanton contract will see SWA provide the company with NVQ assessments to 1,600 drivers, warehouse staff and managers across the UK. On the back of these contract wins Steve is predicting to take on another five members of staff to meet the volume of work that will be generated. Currently the company employs 14 people at its offices at Watermead Business Park.

The funding from RBS helps to increase the working capital support the company requires to meet the additional operational costs of fulfilling these new contracts.

Speaking about the contract wins, managing director, SWA, Steve Walker said: "This is a tremendous start to the new year for us. It is really going to help our growth aspirations. Our total turnover last year was £400,000, but these new contracts will push us through the £1million barrier. We also can see this trend continuing over the medium term and our projections are that in the next 24 months we will be turning over close to £2million. There is a constant need for companies to ensure their staff are the most adept they can be at their roles. Our personal and focused approach to training and coaching solutions is paying dividends with our clients old and new. I am very optimistic that 2011 will be our best trading year yet."

Andy Edwards, senior relationship manager at RBS corporate banking who put in place the new funding added: "Steve is adamant that his business is seen as a partner to their clients and this ethos is paying off as the firm's reputation has helped them win these new contracts. With further growth planned over the next two years this is an exciting time for Steve and the company."

Media Enquiries to:

Andy Cameron-Smith,
Group Communications
Mobile: 07796 336292

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