We are delighted that Avenue51 has won a Queen’s Award for Enterprise, International Trade for Outstanding Short Term Growth.
In particular, this category recognises growth in overseas sales over the last three years. According to the judges, Avenue51 was singled out due to our success in using our unique technology to seize a powerful opportunity in the international marketplace: “The company identified market opportunities and built key technologies to allow it to place UK companies’ products on Chinese marketplaces; to receive the orders from those marketplaces; and to facilitate an automated Chinese customs clearance process.”
The judges also mentioned our international expansion over the last three years, during which time our overseas sales have grown by 43%. Our success in the French and Nordic markets was also noted, in particular the fact that these markets now account for 7% of our overseas revenues.
We are thrilled to be recognised by an institution of this calibre. The Queen’s Awards for Enterprise are the most prestigious business awards in the UK, celebrating some of the most exciting and innovative businesses from this region. In fact, Her Majesty The Queen personally approves the winners!
To see Avenue 51 honoured by and amongst such a distinguished lineup is a confirmation of the value of our mission to help European businesses leverage the full opportunities of the Chinese market. These are opportunities, by the way, which we believe are getting stronger and stronger!
We are thrilled to receive this accolade, and we are confident it will help to open further doors for us in the future, paving the way for us to help even more businesses realise the opportunities of ecommerce in international markets.