Simon Midwood named among UK’s Top 50 Most Ambitious Business Leaders for 2021.
Simon Midwood, Managing Director of TIMCO, a leading construction product supplier based in Cheshire, has been named as one of The LDC Top 50 Most Ambitious Business Leaders for 2021.
The programme, which is supported by The Times and now in its fourth year, celebrates the inspiring leaders behind some of the UK’s most successful and fast-growing medium-sized firms. Despite the challenges of the last 18 months, the Top 50 received a record 600 nominations, across a diverse range of sectors, proving that ambition is alive and well.
Collectively, the Top 50 employ more than 9,500 people and contribute more than £1.2 billion to the UK economy.
Midwood has been instrumental in TIMCO’s phenomenal business growth, with an increase in turnover of 14% - to £49.7 million for 2020, and a predicted £60 million turnover for 2021. The rapid growth occurs in the run up to the company’s 50 years in business.
Simon Midwood took over the running of the company from his father in 2002, at the age of just 26. His business model is to support customer businesses, enabling them to compete with national operators, so their business success leads to TIMCO’s success. This is accompanied by a range of services and support functions as part of the ‘TIMCO hug’ - providing expert knowledge, marketing services, and industry-leading support to merchants.
During the Covid pandemic Midwood refused to batten down the hatches and instead invested in the business, recruiting new people, constructing new buildings. The website, which was launched in 2019 to improve the customer buying experience, received a huge increase in traffic during the 2020 lockdown and online sales increased from 20% to over 50% of all sales over the last 12 months.
Midwood said: “I’d like to dedicate this award to all our TIMCO staff who worked so tirelessly through the Covid pandemic, to provide the winning products and service that we are known for. I am truly proud of what we have achieved and look forward to driving TIMCO through the next phase of our expansion plans which include the opening of a new 20,000 sq. ft. warehouse, and the launch of more new products, including handtools later this year.”
More information on this year’s Top 50 Most Ambitious Business Leaders programme at: https://bit.ly/2WMjNum