Enterprise Contemplating Midlands winner: Morgan Motor Firm

Morgan Motor Firm has been chosen as a Midlands regional winner in the HSBC Enterprise Contemplating initiative.


Following its nomination as a Midlands regional finalist and Imagined Exchange to Sao Paulo, Morgan Motor Business has been declared a regional winner in the HSBC Organization Thinking initiative.

Charles Morgan is the third generation boss of the one hundred-year-previous classic British motor heritage brand that bears his household title.

Nevertheless, the former ITN news cameraman put portion of the credit for his household company’s victory in the Midlands regional final of HSBC’s Company Pondering programme at the door of Mike Smith, a graduate recruited nine months in the past.

“My chief feeling is that I am so proud for Mike Smith who was my co-presenter to the judges,” said Mr Morgan after getting the award.

“He is a young graduate who joined us nine months in the past and is part of a young group of folks at Morgan who are transforming the enterprise by entirely redesigning our internet site and internet management.

“The potential for Morgan is, to an extent, not just about producing excellent products but also about the way we marketplace a vehicle. Advertising and marketing now is not about telling people how great you are. Marketing now is about a two-way process of communication, which is exposed by way of a prolonged discussion on this kind of issues as Facebook, your web site and email, so you can hyperlink your stories to what the client truly desires.”

Morgan, which commenced assembling autos in 1910, now employs 175 employees in Malvern, has a turnover of about £30m and can make about 1,000 cars a 12 months. Its autos get at least twelve days to make and expense between £25,000-£125,000.

The organization currently exports about 75pc of its production, marketing autos in Europe, the US, Japan, South Africa and New Zealand but intends to use the Enterprise Considering prize of lending of up to £6m and a financial reward of up to £120,000 for a push into Latin America and elsewhere in Asia.

“The income will go on expansion of advertising and marketing to entirely new markets,” said Mr Morgan. “We’re not in China, India, Turkey or Brazil and the funds will go to people markets. It is not low-cost to launch a brand in a marketplace that is never heard of you.

“We have appointed dealers for Hong Kong, Shanghai and Beijing and some funds will help their advertising and marketing.”

Incoming search terms:

  • the hsbc uk enterprise fund for the midlands