Vertex and Abante triumph in Surrey Young Enterprise Company Programme Showcase
Vertex founded and managed by students from the Royal Grammar School in Guildford has won the Surrey Student Company of the Year competition organised by Young Enterprise. Abante run by students from Tormead School in Guildford was the runner-up in the competition.
They both now go through to the South East regional final to be judged on 8th June with the chance for one of them to progress to the national final in July.
As a result of the national restrictions imposed on communal activities in order to combat Covid-19, trading by the student companies was halted in March. They submitted online corporate presentations and their accounts were examined by judging panels remotely for this year’s competition.
All student companies taking part in Company Programme established their businesses at the beginning of the academic year. They raised initial funding for their operations through the issue of shares, designed and developed their main products and sold them at school, at trade fairs in Surrey, and online.
The head of judges, oil industry consultant Nigel Goddard, said: “Given the exceptionally difficult circumstances over the past few months, all the student companies taking part in Company Programme have shown great resilience, fortitude and determination to achieve their business mission and goals. They should all be very proud of their efforts.”
Vertex developed and produced a set of GCSE exam guides for parents making over £1,300 profit from its sales efforts. Abante makes a range of eco-friendly gifts.
The Best use of innovation award went to Cedar of Ashcombe School in Dorking, the Sustainability award went to Double Denim of Hinchley Wood School and the Teamwork award also went to Vertex.
Eight teams made it through to the Surrey final from student companies formed by schools and colleges throughout Surrey.
The finalists were from:-
Claremont Fan Court School, Esher
St John the Baptist, Woking
Hinchley Wood School
Ashcombe School, Dorking
Tormead School, Guildford
Royal Grammar School, Guildford
The student teams had to learn how to run a company and work as a Board to grow their operations and make them a commercial success. The Young Enterprise Company Programme gives students greater self-awareness, first-hand experience of work and helps them develop employability skills they would not normally gain through their academic studies.
For further information contact:
Lynne Skinner – Area Manager, Young Enterprise, Surrey
Tel: 07834 609336
John Rudofsky, Business Adviser
Tel: 07876 216400