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(23 February 2009)
West
Bromwich based East End Foods, has been named
'Best UK Family Business, Northern England and
the Midlands Region', in the £25m+ turnover
category of the Coutts Prize for Family Business
2008/9. The company will now go on to compete
in the £25m+ category at the national finals
to be held in central London on 23rd June 2009.
Formed in 1972 by the Wouhra brothers, East End
Foods is a second generation family business and
is the largest importer of Indian food products
and ingredients to the UK.
They clean, pack and process
the goods in the UK and distribute to independent
stores and large retailers such as Waitrose, Tesco
and Asda across both the UK and Europe. Their
business also includes two cash and carry stores
in Birmingham.
Lucy Armstrong, Regional
Chair of the evaluation committee commented: "East
End Foods is an amazing success story for a family
who have built something from nothing in less
than thirty years. This is an entrepreneurial
family that has used all its talents to develop
a strong business with consistent growth and profitability.
The judges were particularly impressed with:
* the family's success
in building something from nothing in less than
thirty years, through organic growth;
* the relationship the
business has formed with customer groups; and
* the strong sense of family
commitment and involvement in the business,
from summer jobs for the next generation to
a willingness for succession to take place now
the second generation is in the boardroom; and
* the active engagement
in the local community and the broader environment
in which they operate such as working with hospitals
to produce healthy Indian meals as part of their
commitment to being a good corporate citizen."
Jason
Wouhra, Operations Director and Company Secretary
of East End Foods and second generation member
of the Wouhra family said: "We are extremely
pleased to receive the Coutts Prize for Family
Business as recognition for our hard work and
family unity. As a second generation member of
the family and board, I am looking forward to
our next stage of growth and future progress.
Our strong team, family values and ongoing strategy
will enable us to achieve this despite the present
economic conditions."
Visit www.eastendfoods.co.uk
for more information
About the Coutts Prize for
Family Business
The Coutts Prize for Family
Business recognises the best run family businesses
in England and Wales, and is the only regional
and national awards programme in England and Wales
celebrating the overall best performing small,
medium-sized and large family businesses. The
Coutts Prize recognises firms in three categories
(£1m-5m, £5m-£25m, £25m+)
that demonstrate a combination of high standards
of family governance and corporate governance,
a competitive market position, consistent financial
growth, and a track record of charitable giving
or involvement in local community. Entrants must
be companies or firms where two or more family
members together have control of over 25% of the
voting shares and consider themselves as a family
business.
More specifically, the independent
evaluation committee was looking for examples
of best practice including;
* the strength of the
family's values;
* the involvement of the family;
* communication and planning;
* the separation of 'ownership' and 'management';
* the use of external, independent advice;
* the development of a succession planning process;
* next generation development;
* conflict management; and
* philanthropy and charitable involvement.
The independent evaluation
committee is overseen by Roger Pedder, former
Chairman, between 1993 and 2006, of C&J Clark
Ltd (Clark Shoes), one of the UK's largest private
family companies.
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