Magnus Group finalists in two Suffolk Business Awards

31st August, 2022

Magnus Group is proud and excited to be shortlisted in two prestigious Suffolk Business Awards categories.

The company has made the Growth Business of the Year category finals, while CEO Olly Magnus is shortlisted as Director of the Year.

News of the finalists was announced this morning in the East Anglian Daily Times. The paper organises the awards alongside headline sponsors Sizewell C and the Suffolk Chamber of Commerce.

Suffolk Business Awards Olly Magnus and Magnus Group

Olly Magnus said: “I’m blown away at making both finals. The Growth Business category is down to the incredible team we have built at Magnus Group. Everyone from top to bottom has tackled challenges head-on and made the business a success, helping it turn a corner from a difficult position to one of sustained profit.

“On a personal level, I am humbled to make the final of the Director of the Year. I gambled everything I had to buy into Magnus Group and bring the business back under family control. Anyone who knows me understands how invested I am financially and personally.

“It’s pleasing that the judges have recognised my decisions and how the business is now following a clear growth strategy.

“I wish all the other finalists the very best of luck.”

The Suffolk Business Awards winners will be announced at a glittering black-tie ceremony at Kesgrave Hall on Thursday, September 29.

The Paul Magnus Golf Day, originally also planned for Hintlesham Golf Club on the same day, has now been put back a day to Friday the 30th so that the two events do not clash.

Suffolk Business Awards Criteria

Here are the criteria for the Suffolk Business Awards.

Director of the Year

The judges are looking for directors with clear evidence of implementing strategies that ultimately deliver growth. They demand:

  • Contribution to business growth and strategy
  • Defined values and mission
  • Evidenced financial growth and investment
  • Clear and demonstrated managerial leadership
  • Demonstrated resilience through challenges

Growth Business of the Year

Entrants must have achieved at least 20% financial growth (revenues) in the last three years. Judges also want evidence of growth in market share and a rise in employees and/or customers.

  • Clear and defined strategy and ambition for growth
  • Defined values and mission
  • Evidenced financial growth and investment
  • Clear and demonstrated managerial leadership
  • Specific innovation of product/service

In its award entries, Magnus Group was able to report consistent profit rises, staff numbers growing by more than 50% to 150, a tripling of warehouse space to 350,000 sq feet, and updating of its 60-strong fleet of trucks.

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Magnus Group is a haulage, warehousing and freight forwarding logistics company based just outside Ipswich with additional warehousing at the Port of Felixstowe.

If you would like to know more about the business, please call +44 1473 836600 or email commercial@magnusgroup.co.uk

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