Quartix, one of today’s leading suppliers of vehicle tracking systems, has won the Barclays Corporate prize in this year’s Cambridge News Business Excellence Awards.
The UK company met all Barclays’ criteria, including showing market strength in the economic climate, adaptability, good turnover growth, strong market share – and the ability to diversify into new markets.
Cambridge News reported:
‘Quartix ticks every box. Vehicle tracking is what this company is all about, but the story is a remarkably daring turnaround which has seen Quartix flourish while its competitors have fallen by the wayside.
Andy Walters, founder and managing director, started the business just over a decade ago. Growth was steady until the recession hit and customers no longer wanted to invest in tracking their fleet. They could not afford the systems and shied away from industry standard contracts which tied them in for years.
So Quartix changed its business model, the management invested £2.5m of their own cash and started offering zero-commitment deals. The business took off.
Quartix then looked at other ways to improve their business and spotted an opportunity in the insurance market, where they now supply credit-card size trackers, fitted in vehicles to monitor driving behaviour, which decides insurance premiums.’
This year Barclays were looking for contenders who had been trading for at least three years, with a minimum turnover of £5m.
Mr Walters, who received the award on behalf of the company, said: “We are extremely proud to have won. It is tremendous to have everyone’s hard work, dedication and innovative thinking recognised in this way.”
More about Quartix
Founded in 2001, Quartix (www.quartix.co.uk) has grown to become one of the UK’s most successful vehicle tracking service providers.
Today, more than 3,500 customers across a wide range of sectors – including government organisations, housing associations, construction firms, hospital trusts, the emergency services, SMEs and large British brands – use the online service, while the company’s unique, own-design tracking unit has been installed in more than 50,000 vehicles.
The Quartix system provides users with a fast, efficient, ‘point-and-click’ source of real-time information, together with tailored e-mail reports. The highly-flexible service has scope to meet the needs of large corporations and owner-managed businesses alike.
For further information contact Andy Walters on 0870 013 6663, email firstname.lastname@example.org