The team at
Feritech Global Ltd are celebrating following the announcement that the company is to receive a King’s Award for Enterprise for its outstanding success in international trade. The award will be presented by the Lord Lieutenant of Cornwall, Colonel Edward Bolitho, at a special ceremony at Feritech’s Innovation Centre in Falmouth. Feritech has also been invited to a Royal reception at Buckingham Palace in the summer.
The King’s Awards for Enterprise (previously known as The Queen's Awards for Enterprise) is an awards programme for British businesses and other organisations who excel at international trade, innovation, sustainable development or promoting opportunity through social mobility. They are regarded as the highest official UK awards for British businesses.
Feritech, an advanced engineering company specialising in designing and building products that are used in extreme marine environments, was founded in 2015 by Rob and Gemma Ferris. The company built its reputation by carrying out marine geotechnical surveys which involves going out into deep oceans and sending down specialised electronic systems to conduct tests to work out certain properties of the ocean floor.
This is vital information for customers who want to install infrastructure out at sea, such as wind, tidal or wave turbines, power cables or pipelines. Before being named a winner of the King’s Award, Feritech Global had to undergo a rigorous assessment process, including a detailed audit of its finances. The company won the King’s Award for International Trade for Outstanding Short Term Growth in overseas sales over three years. In the period under review, Feritech demonstrated overseas earnings growth of 1,210%. The company trades in more than 40 countries around the world, including the USA, France, Germany and Singapore.
Rob Ferris said: “This is a huge honour for our business and fantastic recognition for our dedicated team and all their hard work. When we founded Feritech, we challenged ourselves to develop world-leading products that would set new standards in our industry. That approach has served us really well, and we now have the privilege of working with great customers around the world.”
Due to its rapid international growth, Feritech has also opened its own purpose-built Innovation Centre in Falmouth, which is one of the most advanced facilities of its kind in the UK.