Team Challenge Company is set to move into new premises in Lochgelly which are three times as big as its current HQ
Fife-based Team Challenge Company, which is believed to be one of the UK’s most successful corporate events and team building businesses, is set to move into new headquarters more than three times bigger than its current premises.
The Dunfermline firm says the move follows its most significant year of growth yet and its new facility in Lochgelly, which spans 16,300sq ft (the equivalent of six tennis courts), has been facilitated by an estimated 25% increase in profits during this financial year.
Team Challenge Company was named a global partner of international team building organisation Catalyst Global in the biggest deal of its kind for the Fife firm – giving the team exclusive rights to sell and distribute all 174 award-winning Catalyst Global products in Scotland, as well as rights to the English market.
Team Challenge Company has since been able to step up its use of gamification, with challenges such as ‘Peak Performance’ an interactive tablet-based game which requires teams to guide each other up Mount Everest, becoming increasingly popular.
As well as having access to some of the most innovative team-building products, the partnership has allowed Team Challenge Company to attract fresh new business. Recent new clients, for example, include King Digital, a multi-national interactive entertainment company responsible for designing the popular game Candy Crush, sustainable technology developers Johnson Matthey and accounting firm RSM.
Since signing the deal with Cataylst Global, Team Challenge Company says it has seen 15% increase in enquiries, with 8% coming from overseas businesses. The team building firm will now focus on building upon this success and is forecasting to deliver more than 450 corporate events in 2018 alone.
The move to larger premises comes at the same time as Team Challenge Company is continuing to push forward with an expansion strategy that will include targeting the pharmaceutical and technological sectors.
It already has a strong presence within the financial, retail, oil and gas sectors, and works with major international businesses such BP, KPMG and Standard Life Investments. The business will also continue expanding throughout the UK, and has built up a strong profile in London, the M25 corridor and Manchester.
Gerard Crowley, Co-Director at Team Challenge Company, said: “It is very exciting to witness the progress of the business and to recognise the opportunities that lie ahead. Over the next year, our goal is to increase the size of events that we deliver whilst still maintaining the very personal service that we offer to our clients.
“The new premises are fantastic, and will allow us to work more efficiently as the team will have more space to plan and develop events.
“They will also allow us to purchase and store larger equipment for events such as climbing walls, segways and bungee trampolines as well as increasing our stock of Catalyst Global team building equipment.
“It has been a very successful year for the business and I am confident we will be able to build upon these achievements in the coming months.”