Vertex and Abante triumph in Surrey Young Enterprise Company Programme Showcase

NEWS RELEASE

12 May 2019

 

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

Haliford School

NESCOT, Ewell

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

Lynne.skinner@ye.org.uk

 

John Rudofsky, Business Adviser

Tel: 07876 216400

john@jrconsulting.me

 

About Young Enterprise

 

  • Young Enterprise is the UK’s leading enterprise and financial education charity that empowers young people to harness their personal and business skills
  • Every year we work directly with over 250,000 young people, and support 9,000 teachers in both enterprise and financial education, with the help of more than 7,000 volunteers and 3,500 businesses
  • We believe that the potential of the UK’s young people is unlimited, and an academic education on its own is not enough. Our mission is to empower young people to discover, develop and celebrate their skills and potential
  • Through our hands-on employability and financial education programmes and resources and teacher training, we want to eradicate youth unemployment, help young people realise their potential beyond education and empower a generation to learn, to work and to live
  • Founded in 1962, we are part of global network JA-YE operating in 120 countries
  • For more information on Young Enterprise please see

www.young-enterprise.org.uk or email papr@y-e.org.uk