BPI is celebrating being shortlisted as a finalist in the
Wakefield Business Awards 2024, in the ‘Business Growth Success Story’ category. Being shortlisted represents a significant milestone for BPI which has risen from a newly-formed business in 2009 to become an industry leader. The business is now one of the largest employers in Wakefield and is looking to grow further over the next few years.
The business says it is now a leader in delivering asset valuations and asset disposal solutions for private clients, SMEs, hire companies, finance houses, insolvency practitioners and lenders. Core to the BPI brand is its commitment to circular economy principles. This model underscores its entire business strategy of reselling assets back into the economy for re-use and extended life, combined with a unique ability to offer customers a hassle-free, end-to-end selling process.
This strategy has helped BPI achieve exceptional growth and high resilience in a competitive market. Recent key highlights of BPI's success include: a growth in staff numbers to a sizeable team of 45 in 2024; collective sale value exceeding £20 million in the last financial year; conducting over 1,000 auctions annually for the past five years; formation of BPI Asset Advisory in 2018; and acquisition of Michael Steel & Co in July 2024.
Henry Spencer, operations director at BPI, said: “Being shortlisted for the Business Growth Success Story category tops off a highly successful year for BPI. It is a reflection of the hard work and dedication of our entire team. We have come a long way since our formation and this recognition will drive us forward to continue innovating and growing in the years to come.”
The company says its growth story is founded on strategic customer acquisition, smart investments and achieving ISO 9001:2015 accreditation. In 2018, the company formed BPI Asset Advisory, broadening its service offerings and market reach. This was followed by the acquisition of Michael Steel & Co in July 2024, further solidifying its position in the industry.
BPI’s future potential for growth was recognised by
Finance Yorkshire, leading to a significant £1.5 million investment in 2023. This capital injection has been instrumental in supporting BPI's expansion plans and enhancing its service capabilities.
Mr Spencer added: “Our growth is not just about numbers. It is about the value we have been able to deliver to our clients, the jobs we have created, and the positive impact we have had on the regional economy. We are proud to be part of Wakefield's vibrant business community and are honoured to be recognised alongside other outstanding local businesses.”
BPI is also dedicated to investing in its people, providing structured progression plans and supporting their training and development.
The
Wakefield Business Awards, organised by
We Are Wakefield, celebrate the achievements and contributions of businesses in the area. The winner will be announce on 7 November at an awards ceremony.