Bidding specialist AM Bid announces record results, predicts strong future for outsourced bidding
Multi award-winning bid and tender specialist AM Bid has announced a record increase in turnover as it establishes itself as one of the leaders in its sector.
AM Bid achieved £729,000 in sales in the year to 30th September 2018, a 57% increase on 2017. Net profits are likely to remain stable.
Since its launch in 2014, AM Bid has grown both in size and reputation to be an emerging force U.K.-wide in a sector seeing rapid growth. Now with nine permanent members of staff and 15 associates across the U.K. and Republic of Ireland, AM Bid provides bid writing, strategy and training services across more than 20 different sectors.
L-R: David Sole OBE, Non-Executive Chairman and Andrew Morrison, Managing Director.
Founder and AM Bid Managing Director Andrew Morrison, who this year was named the Institute of Directors Scotland’s Emerging Director of the Year, said the Edinburgh-based company was on track to achieve its goal of £1m in revenue by 2019.
“I’m delighted to announce this 57% increase in revenue, which puts us bang on track with our growth plan of £1m in turnover by 2019. What’s more, we are consistently achieving bid win rates of 80% for our clients. With all the signs pointing towards an increase in demand for outsourcing bids and tenders, AM Bid’s future appears to be very bright indeed.”
Andrew added: “The bid process continues to be complex. There are a lot of buyer requirements and it can be a very time-consuming process. Organisations are realising that the time they spend pulling together a bid might be time better spent on running their businesses.
“Our team which is now across the UK and Ireland is hand-picked for their bid writing expertise and knowledge of a wide range of sectors, in particular: construction and renewables, energy and infrastructure, professional services and tech. We are now receiving requests for bid writing from all over the U.K. and abroad, including China and the Middle East.”
AM Bid’s clients include construction industry giant Jewson, Spotless Commercial Cleaning and Orbit, a PR and communications agency. Its non-executive Chairman is David Sole OBE, former Grand Slam winning rugby union captain and now Managing Partner of the School for CEOs.