After a buoyant start to 2011 with the appointment of two new franchisees, No Letting Go, the UK’s first and longest established inventory management franchise has continued its impressive form by achieving record trading figures since the company’s inception in 2007.
In contrast to the performance of many businesses during the economic doom and gloom of the early months of 2011, No Letting Go Medway reported a 50% increase on turnover for the month of February, whilst No Letting Go Bexley / Bromley also turned in a 40% increase. Overall, the company has witnessed a 45% increase in the first quarter on last year’s volumes and turnover, which demonstrates the powerful impact of the company’s growing franchise network and the increased awareness of No Letting Go in the market place.
The two latest franchisees to join the 22 strong network: No Letting Go Reading and No Letting Go Black Country, have both hit the ground running and after just 3 months since finishing their training, both companies have already been able to establish a very credible and financially rewarding client base, aided by the immediate injection of preferred supplier contract work negotiated by No Letting Go Head Office.
In addition to the financial success of the business, No Letting Go is also celebrating the company’s 100% pass rate in the prestigious APIP (Association of Professional Inventory Providers) exams. All No Letting Go franchisees are actively encouraged to take the APIP qualification to ensure that the highest standards of professionalism are maintained throughout the franchise network.
Commenting on No Letting Go’s performance in 2011, managing director Nick Lyons says: “We are of course very proud of the excellent results that have been achieved across the network to date this year. This is in part due to our stringent recruitment process which is designed to identify only the most capable prospects whose skills and experience are most suited to running a No Letting Go business, coupled with the company’s commitment to the training and development of its franchisees. Looking ahead, we are confident that by the end of 2011 we will have doubled our capacity in terms of the number of inventory / check-in jobs that can be handled by the No Letting Go network and our ambitious expansion plans also include possible additions to the No Letting Go portfolio of property related services”.