Worcester-based Airband, one of the largest wireless internet service providers in the UK, has been awarded the Fastest Growing Family business accolade at the Midlands Family Business Awards. Airband director Red Peel was also highly commended for the Entrepreneur of the Year award.
The Fastest Growing Family Business award recognises family businesses that can demonstrate strong and sustained growth, whilst maintaining family values.
Founded in 2009 by husband-and-wife team Red and Miranda Peel, Airband has grown rapidly to become one of the UK’s leading suppliers of wireless broadband, specialising in delivering superfast broadband to rural and hard-to-reach areas.
In the last two years, Airband has been awarded four large projects, totalling a value of £23 million, supplying broadband to a contracted 34,000 homes and businesses. Airband’s extended network spans Worcestershire, Shropshire, Herefordshire, Gloucestershire, Powys, Warwickshire, North and South Wales, Devon and Somerset.
The firm’s expansion has been via both government-led infrastructure projects and smaller independent community-led projects. As infill partner for Superfast Cymru, it also continues to extend its network in Wales.
Turnover has increased by 144% from £1.5m in 2015 to £3.8m in 2016, and forecasts for turnover and growth suggest it will continue to rise substantially over the next three to five years.
The award takes into account a firm’s management structure and decision-making process, and the way in which family values and family members have guided the development of the business.
Red Peel said “Embedding strong positive values into our culture has been a key to our development as a company – as well as making sure that we operate well as a team, it has also meant that we are able to attract and retain good talent.”
Photograph: Red Peel, director of Airband, picking up his award for innovation at the Midlands Family Business Awards. Airband also scooped the Fastest Growing Family Business award, and was shortlisted for the industry-leading Internet Service Provider Awards awards in July 2017.
For more information visit www.airband.co.uk