COINS wins Queen's Award for International Trade
COINS is the first UK construction software company to win the award
Construction industry software specialist Construction Industry Solutions (COINS) has won the Queen’s Award for Enterprise for International Trade in recognition of its substantial growth in overseas earnings and commercial success in the construction sector, with the Middle East providing an impressive 26% of overseas growth in the past three years.
In 2012, COINS established their first office in Sharjah to cover the GCC region, providing business systems and consultancy services designed for the construction, contracting, real estate and allied industries.
Since then, COINS’ permanent GCC team has continued to establish a solid presence in the region, with offices in Dubai, supporting key projects in Abu Dhabi, Azerbaijan, Dubai, Qatar and KSA.
Larry Sullivan, group chairman and co-founder, COINS, said: “We are delighted to have won the Queen’s Award, one of the UK’s highest business accolades. The success of our organisation is down to our people, drawing on over 5,000 person years of construction industry experience, with every team member focusing single-mindedly on helping our local and global clients achieve their own business goals.”
Sullivan added, “Bringing this award winning experience to Dubai and the Gulf has allowed us to work with global leaders, such as Kier, Laing O’Rourke, Leighton and Vinci, on exciting projects and we look forward to more success as the regional construction industry continues to demand global standards based on best practice.”
COINS is the first UK construction software company to be given this award, made annually by H.M. Elizabeth II. Between 2011 and 2013, COINS’ direct overseas turnover increased by 65% and group net profit increased by 144%. Rapid growth of business in the Middle East contributed 26% towards total overseas sales during this period; the United States contributed 60% with the remainder split between, Australia, the Far East and Europe.
Commenting from Dubai on this regional success and the award, Nigel Cope, director and co-founder, COINS, said: “COINS has undertaken extensive market research to fully understand not only the business drivers in the GCC, but to also better comprehend the cultural and social nuances of the region, as it undergoes rapid growth.”
“Using this insight, we further developed the COINS offering in order to encompass localisations needed to support the construction industry in the Middle East,” Cope said. “In every market, this approach is helping us support the local economy and grow our own business.”
Over the past 30 years, COINS has established itself in the UK with a strong customer base, which includes contractors such as Laing O’Rourke, Balfour Beatty, Kier Group, and Morgan Sindall and home builders Taylor Wimpey, Barratt Developments and Persimmon.
In the UK, COINS enjoys a leading market share of the major companies in the construction and house building sectors, with three out of five of the top construction companies and the top three home builders using COINS software solutions.