Lloyds of London, the world’s leading specialist insurance market, has been nominated as a finalist in the Coutts & Co Large-Cap Business of the Year category of the National Business Awards.
Over 150 of Britain’s most innovative and sustainable public and private sector businesses have been announced today, Tuesday 2nd August, as finalists of the National Business Awards in partnership with Orange. Organisations shortlisted this year range from the well-known Debenhams,JD Wetherspoon, moneysupermarket.com, Harvey Nash, Majestic Wine and Supergroup – through to the rising stars of Ovo Energy, Door-Stop, ShortList Media and HeartSine Technologies.
Announcing the finalists in the nomination only category of The Coutts & Co Large-Cap Business of the Year, Michael Morley, Chief Executive, Coutts & Co, which has an office in Oxford, said:“We continue to live in challenging times and British business is instrumental in driving the economic recovery. The Large-Cap Business of the Year awards recognise excellence in the leadership of companies with tunovers in excess of £500 million. This year’s finalists are fantastic success stories that the UK can be proud of, with each showing business excellence and innovation and exemplary durability or growth.”
The 2011 Coutts & Co Large-Cap Business of the Year finalists are:
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Autonomy, Cambridge, CB4 0WZ
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Debenhams, London, W1G 0AA
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Electrocomponents plc, Oxford, OX4 2HW
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JD Wetherspoon plc, Watford, WD24 4QL
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Johnson Matthey plc, London, EC4A 4AB
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Land Securities, London, WC2N 5AF
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Lloyds of London, London, EC3M 7HA
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Mitie Group plc, London, SE1 2QG
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Reckitt Benckiser, Slough, SL1 3UH
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Kingfisher plc, W2 6PX
Lloyd’s of London qualified as a finalist because it demonstrated the vital role played by insurance companies as a safety net for economies all over the world. Lloyd’s proved its resilience and sound management in 2010 with pre-tax profits of nearly £2.2bn despite claims arising from major natural catastrophes in Japan, Chile, New Zealand and Australia. It has taken challenging regulation like Solvency II head on, transforming its internal processes, and is enabling an industry-wide shift in practice to mitigate risk associated with climate change.
“The economic climate continues to present UK businesses with an unprecedented challenge: it is therefore particularly encouraging that the entries in this year’s National Business Awards have shown no drop in quality or performance. Congratulations to all finalists for demonstrating tremendous strength in their ability to adapt and innovate which no doubt reflects the resilience and optimism that are the hallmarks of UK enterprise”, said Baroness Bottomley of Nettlestone, Chair of Judges, the National Business Awards.
Finalist will now prepare to make their filmed interviews in person in September, that will later be judged by an independent, expert judging panel at theoffices of Coutts & Co at30 St Mary’s Axe. The judges include:
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Gerald Bailey, Senior Client Partner, Coutts & Co
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Geoff Cousins, MD, Jaguar
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Tony Horell, CEO, Colliers
Organised by UBM plc, winners will be honoured at the National Business Awards gala dinner at the Grosvenor House Hotel, London, Tuesday 8th November, where George Osborne, the Chancellor of the Exchequer will deliver this year’s welcome address.
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