Innovative construction industry software company recognized by HM Elizabeth II for contribution to global industry and local social infrastructure
COINS celebrates support for more than 20 GCC construction companies in only two years, and the establishment of the Widad Center in Dubai, an alternative education programme based on inclusion
Dubai, UAE, Monday 21st April 2014
Construction industry software specialist Construction Industry Solutions (COINS) has won the Queens Award for Enterprise for International Trade in recognition of their substantial growth in overseas earnings and commercial success in the construction sector, with the Middle East providing an impressive 26% of overseas growth in the past three years.
In 2012, COINS established their first office in Sharjah to cover the GCC region, providing business systems and consultancy services designed for the construction, contracting, real estate and allied industries. Since then, COINS permanent GCC team has continued to establish a solid presence in the region, with offices in Dubai, supporting key projects in Abu Dhabi, Azerbaijan, Dubai, Qatar and KSA.
Larry Sullivan, Group Chairman & Co Founder of COINS said,
We are delighted to have won the Queens Award, one of the UKs highest business accolades. The success of our organisation is down to our people, drawing on over 5,000 person years of construction industry experience, with every team member focusing single-mindedly on helping our local and global clients achieve their own business goals. Bringing this award winning experience to Dubai and the Gulf has allowed us to work with global leaders, such as Kier, Laing ORourke, Leighton and Vinci, on exciting projects and we look forward to more success as the regional construction industry continues to demand global standards based on best practice.
COINS is the first UK construction software company to be given this award, made annually by HM Elizabeth II. Between 2011 and 2013, COINS direct overseas turnover increased by 65% and group net profit increased by 144%. Rapid growth of business in the Middle East contributed 26% towards total overseas sales (i.e., non-UK) during this period; the United States contributed 60% with the remainder split between, Australia, Far East and Europe.
Commenting from Dubai on this regional success and the award, Nigel Cope, Director & Co Founder, stated,
COINS has undertaken extensive market research to fully understand not only the business drivers in the GCC but to also better comprehend the cultural and social nuances of the region, as it undergoes rapid growth. Using this insight, we further developed the COINS offering in order to encompass localisations needed to support the construction industry in the Middle East. In every market, this approach is helping us support the local economy and grow our own business.
As a core tenet of its success, COINS also supports social infrastructure development across all its global markets. Established for over a decade, the COINS Foundation works towards an inclusive global society and has supported many projects worldwide, including rebuilding projects in Haiti, school and community projects in sub-Saharan Africa and a micro-financing network in Uganda. In Dubai, COINS Middle East supported the establishment and running of the Widad Center, an alternative education programme, based on inclusion for neuro-typical children as well as those with mild to moderate learning disabilities. COINS also supports The Lighthouse Club global construction charity in the United Arab Emirates, Qatar, Australia and Hong Kong, and CSR Initiative of the Year at the Construction Week Awards in Qatar.
Over the past 30 years, COINS has established itself in the UK with a strong customer base, which includes contractors such as Laing ORourke, Balfour Beatty, Kier Group, and Morgan Sindall and home builders Taylor Wimpey, Barratt Developments and Persimmon. In the UK, COINS enjoys a leading market share of the major companies in the construction and house building sectors, with 3 out of 5 of the top construction companies and the top 3 home builders using COINS software solutions.
COINS invests time and resources in making sure their product meets the legislative compliances in each of its new markets, in particular with respect to various taxation regimes. COINS has been praised for minimising environmental impact, particularly through the use of technology within the construction sector, such as COINS Electronic Trading Community (ETC) where over one million transactions are carried out a year, eliminating paper delivery notes and invoices.
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For further information and interviews contact:
Teesta Raha
H+K Strategies
teesta.raha@hkstrategies.com
D : +971 4 3344 930
M : +971 56 1750681
Construction Industry Solutions (COINS) provides business systems and services to the construction, engineering, home building and service sectors.
A growing and increasingly global business, COINS supports over 62,000 users in 40 countries from its headquarters in the United Kingdom and offices in the United States, Ireland, Australia, United Arab Emirates, Hong Kong, Malaysia, and Singapore.
COINS offers its clients a blend of consultancy, construction software solutions and services that deliver measurable business benefits. COINS aim is to continually build upon its proven track record and consistently add value for clients - helping them to reduce costs, increase margin and improve client experience. It successfully partners with major organisations within the construction and service sectors in core business processes: winning and performing work, managing cash flow, enhancing customer relationships, maximising job profitability, improving employee performance and eliminating inefficient processes.
COINS is a multi-cultural organisation employing over 20 different nationalities, which allows an insight into the different cultural and social differences within the geographies in which they operate. The head office is in Slough UK, with a further office in Manchester. Globally, it operates in the following regions:
UAE: Dubai and Sharjah
Republic of Ireland: Dublin
USA: Dallas, New York
Russia: St Petersburg
Belarus: Vitebsk
Malaysia: Kuala Lumpur
Singapore
Hong Kong
Australia: Brisbane and Adelaide
For further information please visit:
www.coins-global.com
www.coinsfoundation.org
www.coinschallengeevents.com
www.widadlearning.com
www.thecookiebar.co.uk
http://www.lighthouseclub.org
Press Release 2014
