22 Nov 2016
Glendinning is celebrating winning one of the top honours in the prestigious Western Morning News Business Awards 2016.
The company was named Family Business of the Year at a packed awards ceremony and only narrowly missed out on a double after also being a finalist in the Business of the Year category.
The annual Western Morning News Business Awards celebrates the best of the region's enterprise, innovation and endeavour and this year took place at the Holiday Inn, in Plymouth.
Guests at the event saw Glendinning recognised for its values, customer service, its commitment to the community and the way it has become part of the very fabric of the Westcountry’s infrastructure and economy over more than half a century.
The firm’s founders, Ernest and Jack Glendinning bought the limestone quarry at Linhay Hill, Ashburton, Devon, in 1958 and today the business employs more than 240 people and creates 180 jobs indirectly.
It has an annual local wage bill of £34 million, contributes £6m/year to the Devon and Dartmoor local economy from procurement of goods services and Glendinning’s c. £34m turnover alone accounts for 5.6% of total annual turnover for all businesses in the Dartmoor National Park.
This year the company appeared in the 17th annual Sunday Times BDO Profit Track 100 league table after seeing an 86 per cent growth in profits over three years.
But it is also still very much a family business with the founders' children and grandchildren actively involved and employing generations of local families.
Chairman of E & JW Glendinning Limited, Ian Glendinning said: “We are delighted and very proud to receive this award and it is a huge tribute to the hard work of all our staff and the support and encouragement of our local community.
“In a sector dominated by huge multinational corporations Glendinning benefits from the stability of an independent family-owned firm, the strong values and passion for the business first instilled by our founders and a genuine commitment to the long term future of our region.”
Linhay Hill is now one of only four limestone quarries in Devon and the county’s sole independent supplier, producing a range of limestone aggregates, ready-mix concretes, asphalt, blocks, paving, sand and lime for new roads and highways maintenance, schools, homes and hospitals and for agricultural use across Devon and Cornwall.
Key to Glendinning’s recent success was the family shareholders’ decision in 2010 to invest £8.5m in a new process and asphalt plant at Linhay Hill. This positioned the business well for an upturn in sales following the economic downturn.
Glendinning is still planning ahead, with proposals for an extension to access additional reserves at Linhay Hill and secure the life of the company, jobs and economic benefits it creates for a further 60 years or more.