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Success of Reset’s innovation could create more jobs
The combination of new contracts and new investment in Reset Training could lead to 50 new jobs being created by the company next year.
The Sheffield-based firm, which has created an electronic method of logging and checking the skills and qualifications of contract personnel called the Reset Certification Scheme (RCS), is changing the way skills and qualifications of contract workers are checked and logged online.
A new investment drive next spring is aiming to raise a further £1m, which could be followed by an Initial Public Offer (IPO) of shares or a reverse takeover in 2013.
Customers include The Leeds NHS Teaching Hospitals Trust and Leeds and Bradford Airport as well as a Yorkshire university together with several other companies.
Ian Townsend, the former chairman of Sheffield-based Medical House, and a major investor in Reset Training, said: “The decision by clients such as the Leeds NHS Trust to make our card mandatory for all its contract workers is a tremendous endorsement. Our certification scheme is now gaining real momentum, with clients across the health, education and transport sectors in Yorkshire.”
A major food manufacturing company, with outlets across the UK, is also about to roll out the RCS, which means that about 900 organisations will use the RCS.
Reset currently employs under 20 staff, but it expects to create a further 50 jobs within the next 12 months as the card is rolled out across the UK. The figure is double the number previously predicted when Reset said it planned to create 50 new jobs over the next two years.
Mr Townsend said he did not envisage any difficulty in securing the £1m funding because the company already has the backing of several other prominent Yorkshire businessmen including Gordon Black, and the former Halifax senior executive, Stephen Mann. Mr Townsend is also hoping to use his experience in the City when a stock market launch or reverse takeover takes place in 2013.
“It’s hard to find a business which ticks as many boxes as Reset,” he said. “The scheme is simple and efficient, reducing costs and potentially liability exposure. The cost to a contractor to subscribe to the scheme is nominal and is offset by the time saved managing their training and accreditation records as well as gaining quicker access to their place of work.”
In addition to the construction and facilities management industries there are plans to roll out the scheme to other sectors. Mr Townsend has also had talks with potential licensees about expanding into the US.
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Wednesday 23 May 2012
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