A RIBBLE VALLEY businessman is bucking the gloomy economic trend after his fast-rising firm announced a doubling of its annual turnover.
Vernon Yerkess, of Sabden, has seen Cleverboxes – the online IT specialist he founded – record a remarkable year-end turnover of £12.6m.
The firm has even out-performed the “testing” target it set itself 12 months ago, much to the delight of Mr Yerkess, the managing director.
“In 2010 we turned over just short of £7m. and to double that, given the difficult financial environment, is a marvellous achievement and real credit to all concerned,” he said.
Mr Yerkess believes the success is down to the coming to fruition of careful planning, significant investment and the opening of new markets over the past three years.
And all this from a firm, which only got off the ground just seven years ago and had a first-year turnover of £250,000.
Said Mr Yerkess: “Without wanting to appear clever or flippant, we have tried to stick to our plans despite the recession. We know what we are good at and have not been afraid to invest and back our judgement during a period of general uncertainty.
“That policy, plus an unswerving commitment to satisfy our customer demands, has stood us in good stead. We have promised and delivered and therein probably lies the key. We have pushed ourselves for sure, but never at the risk of being unable to fully satisfy demand.”
Cleverboxes has a rapidly-increasing UK market and a major presence overseas, while a major move to integrate the main trading website with the likes of Amazon and eBay has produced an immediate result.
“We have invested around £200,000 in our website development programme and can now offer four direct routes to market which sees us in a strong competitive position.
“The Amazon/eBay integration and transition has been seamless, producing some excellent early results over the first few weeks. We are very confident that this area will expand still further over the coming weekend and months,” added Mr Yerkess..