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Teed Business Continuity eyes worldwide expansion

Teed Business Continuity, the award-winning Stirling company that advises businesses on reducing the impact of disruptive events, is seeking international expansion and growth, writes Colin Donald.

Founder David Teed – who last month scooped the consultant of the year title at the UK-wide CIR Business Continuity Awards – said that the firm’s ambition “to grow significantly in the next few years” would largely driven by international strategy.

Teed – who recently attended the Society of Petroleum Engineers event in Rio de Janeiro – said: “We have already done a lot of work abroad, in Turkey, Norway, Holland, Qatar, and the US for example, and we feel that [work] is really the springboard for us to look at international opportunities.”

Business continuity is a fast-growing sector in the UK especially. Teed, whose clients include UK Oil & Gas, Grampian Police and the Scottish Government for North Sea emergency plans, ascribes its growth to the fact that “people are less forgiving if an organisation isn’t seen to be in control of events”.

“Now that it’s known you can make effective plans to keep your business going, if you are found wanting [in an emergency] there is a sense that you deserve what you get,” he said.

Teed currently employs four consultants, but is looking to increase that to up to 20 via “steady expansion” and careful recruitment. He said that, despite the recession, the UK market still had major growth potential as “50% of organisations still don’t have continuity plans in place”.

“An organisation that appoints us can have confidence that all the treats are not going to take them off track, without any loss of people or information. Anything that could happen we have already thought through.”