6th May 2024
Cambridge Precision Ltd has been announced as a recipient of the King’s Award for Enterprise for International Trade. The King’s Awards for Enterprise are the most prestigious awards for UK businesses, recognising and celebrating business excellence across the UK.
Cambridge Precision Ltd (CPL) is one of only 252 organisations nationally to be honoured this year with a King’s Award. ‘We are chuffed to bits. What an achievement. For all our team who have, time and time again, gone the extra mile and found a different way, this award is rightly yours’. Tony Murray, Commercial Director.
The long-established Queen’s awards programme was renamed last year to reflect His Majesty the King’s commitment to continuing the legacy of HM Queen Elizabeth II, who initiated the scrutinising awards programme. Now in its 58th year, this is the most respected business award in the country.
Employing 83 people, CPL was founded in 1991 and today is widely acknowledged in tech innovation and bio-med technology sectors, as the production partner of choice for consequential precision engineered components and sub-assemblies.
For CPL, establishing a dedicated production unit for Export and working collaboratively with clients (based overseas or requiring alliance with international suppliers and distributors) has been a key focus over the last five years. Acting in partnership with customers to overcome trade barriers and implement sustainable global supply chains, has helped the business to develop greater agility and develop as an organisation within the global market.
‘Our clients come to us for our expertise in manufacturing complex components, critical to the performance of their product. They stay with us and develop long term partnerships because of our continuous commitment to helping their business succeed. Developing our international trade over the last five years was a deliberate objective – which proved challenging, thanks to the pandemic, material shortages and evolving trade agreements … however, the relationships we have built are stronger and more aligned than we could ever have imagined. It’s been a tough but a beneficial journey. Being recognised with a King’s Award is something we value immeasurably.’ Richard Hefford Hobbs, Chairman