Prestige Network Celebrates its 22nd Year With a Huge Financial Explosion!

PRESS RELEASE 16 MAY 2013

Sales Team celebrate

Thatcham-based family business language services company Prestige Network is celebrating its 22nd successful year in business with a 630% growth over April 2012 profits. This is the best month of the current financial year – so far.

The company, started by brother and sister Shohreh Fleming and Shawn Khorassani in the family’s dining room in 1991, had the best month of its financial year (which runs from October to September) for sales and profitability in April 2013.

Shohreh, Prestige Network’s Chief Executive Officer, said: “What a way to celebrate our 22nd anniversary! April was our best month in terms of sales and profitability since November 2010.”

Several things have changed at Prestige Network in the past year, all contributing to the company’s resurgence:

  • Anthony Fleming (a Business and Life Coach, who is also Shohreh’s husband) has rejoined the company as General Manager after a couple of years’ break, taking an overview of both operations and sales.
  • A new sales team has been put in place: Will Hughes, Melanie Woolgrove and Jackie Benn.
  • Shohreh Fleming rejoined the company as CEO after a nine month break.

Shohreh said: “The company is flourishing under Anthony as General Manager. He came back to Prestige Network after a two year absence, having previously been involved with the company for nine years. As a Business and Life Coach, he has brought new energy and his own style into the company and Prestige Network has started to grow again – things are getting better and better.

“The new sales team has really got into its stride now and have done a brilliant job – they hit a £200,000 turnover in just one month, exceeding their target. The last time we had turnover like this was in 2010.”

Prestige Network now employs more than 20 staff and 5,000 specialist language freelancers based all over the UK, who speak and translate more than 200 languages.  Prestige Network caters for language and communications needs in the commercial and public sector (including the NHS, local government departments, charities, the police and other public organisations).

A recent big win for Prestige Network was a new contract to provide Face-to-Face Interpreting at a major ThamesValley hospital.

Two other major contracts in the last financial year were: 

  • To provide Arabic interpreting to a big British corporate company in the oil and gas industry for eight months in 2012-2013. The contract was the first that Prestige Network had delivered to this corporate organisation, which operates globally, although the language company has done other work for the oil and gas industry.
  • A coveted two-year contract to provide British Sign Language (BSL) and spoken language services to the Department for Work and Pensions. It follows Prestige Network’s successful place on a framework agreement by Buying Solutions, the national procurement partner for UK public services. The contract is for Face-to-Face Interpreting services for spoken languages and BSL – 24/7, 365 days a year.

Shohreh said: “The future is looking pretty good for us at the moment. The demand for language services remains high – this is symptomatic of the need to meet the country’s expanding and diversifying language base. Communication is absolutely essential.”

More details about Prestige Network are on www.prestigenetwork.com or 01635 866 888.

Working for Prestige Network

prestige_working

It’s not just our language service customers who are delighted to deal with us. Here are some quotes from a couple of our lingusists…

“With Prestige, everything is done with professionalism: from booking to assignment to payment. They maintain excellent communication so that you always know what is happening at every stage of the job. I am happy to work for them.”

P. M.

” I just wanted to let you know how happy I am with Prestige Network . The service from start to finish has been exemplary and on a professional, knowledgeable, good communication, fast responding to queries, yet friendly level that far exceeds all other translations companies I have dealt with.  Thank you very much.” 

Mr Adil Nadri

Prestige Network celebrate phenomenal growth!

PRESS RELEASE – 18 January 2013  

CEO of Prestige Network

CEO of Prestige Network

Prestige Network celebrate 750% growth in profit

Thatcham-based family business language services company Prestige Network is celebrating a 750% growth in profit following an increase of business in 2012.

Despite gloom and doom throughout much of the UK economy, the company – run by brother and sister Shohreh Fleming and Shawn Khorassani – has seen its profits soar by a phenomenal 750% in the five months from July 2012.

Shohreh Fleming, Chief Executive Officer, said: “We had a fantastic end to our financial year (ending 30 September 2012). In fact during the last quarter of our financial year, we showed more profit than in the first nine months. Our figures show that our profitability grew by 750% from July to November 2012.

“The future is looking good for us and we are on target for further growth this next financial year (2012/2013), which is not something which can be said for many companies in the current financial climate.

“Our leap in profits is symptomatic of the need to meet the country’s continually expanding and diversifying language base. Many public and commercial organisations know the benefits of communicating with non-English speaking audiences – they have recognised that language is a potential obstacle which may restrict access by foreign nationals to their services and products. By identifying that obstacle and delivering languages services to overcome that, this gives them a huge competitive advantage.

“Our continued success is also down to the fact that our staff are invaluable to us, so we ensure that it’s a happy place to work. It’s a great pleasure to be able to offer continued employment during difficult economic times. We are very optimistic about the future of Prestige Network.”

Prestige Network now employs more than 20 staff and 5,000 specialist language freelancers based all over the UK, who speak and translate more than 200 languages. Prestige Network caters for language and communications needs in the commercial  and public sector (including the NHS, local government departments, charities, the police and other public organisations).

Two major contracts in the last financial year were:

  • To provide Arabic interpreting to a big British corporate company in the oil and gas industry for eight months in 2012-2013.
  • A coveted two-year contract to provide British Sign Language (BSL) and spoken language services to the Department for Work and Pensions. It follows Prestige Network’s successful place on a framework agreement by Buying Solutions, the national procurement partner for UK public services.

More details about Prestige Network are on www.prestigenetwork.com or 01635 866 888.

END

Note to editors:

  • Picture caption: Shohreh Fleming, Prestige Network’s Chief Executive Officer.
  • Company overview: more than 20 staff, 5,000 linguists, 200 languages and dialects.
  • Formed in 1991, Prestige Network is a specialist language services provider based in Thatcham, Berkshire.
  • Prestige Network provides a full UK wide service in all languages.
  • It can cater for all language and communications needs in the commercial and public sectors, including government departments, the NHS, charities, the police, local authorities and other public and commercial organisations.

For more information, contact Shohreh Fleming (Chief Executive Officer) at Prestige Network on 01635 866 888.

Prestige Network Staff chose to support Toy Appeal instead of having a Secret Santa this year!

Staff at Language and Translation Services company Prestige Network bought toys in support of the West Berkshire Toy Appeal for Christmas 2012 rather than hold the traditional office Secret Santa.

The toy appeal for disadvantaged children is supported by our local radio station The Breeze Newbury. It aims to ensure that no child or young person in West Berkshire goes without at least one really nice gift at Christmas.

Each staff member purchased a gift and the donated toys were then deliver to the radio station, along with an additional £50 worth of toys donated by Prestige Network.

You can find out more about the toy appeal here
http://newbury.thebreeze.com/features/swift-2012-west-berkshire-toy-appeal/

Update! After a fantastic response from the staff we managed to collect approximately £260 worth of toys for the charity.

 

 

Conference Interpreting – The Future!

Microsoft Chief Research Officer Rick Rashid has demonstrated a speech recognition breakthrough in Tianjin, China that converts his spoken English words into computer-generated Chinese language. Microsoft researchers working with scientists at the University of Toronto have improved translation using deep neural networks that learn to recognise sound in much the same way as brains do.

Find out more about the machine interpreting breakthrough (BBC news).