Boxwood triumphs at the MCA Awards for the third year

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Second win in a row for “Change Management in the Private Sector”

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Winning the MCA Award for delivering significant transformational change once was fantastic, to win it twice in consecutive years is true recognition of the quality of Boxwood’s work

Boxwood, the award-winning management consultancy firm, has again won the MCA Award for Change Management in the Private Sector for its work with the property company Grosvenor Britain & Ireland. This is the second year running Boxwood has won this category and this latest win marks the consultancy’s third MCA award in succession.

Boxwood was engaged to help Grosvenor plan and implement the Fast Forward programme - a radical programme of change focused primarily on the team managing its 300-year old London estate which comprises some of the most sought after property in the world.

The programme objective was a bold and challenging one - to transform the business into a more dynamic organisation, and in the process deliver significantly better results for its customers, employees and shareholders.

Boxwood’s work exceeded expectations - and delivered exactly the step change Grosvenor had sought to achieve. Perhaps more importantly, the programme succeeded in promoting a culture of continuous improvement.

Grosvenor Britain & Ireland significantly improved its performance as a result of the Fast Forward programme, which improved management of the London estate. Revenue profit in 2011 more than doubled from £8.0m to £16.4m.

Chris Wakerley MBE, Managing Director of Boxwood, said “Winning the MCA Award for delivering significant transformational change once was fantastic, to win it twice in consecutive years is true recognition of the quality of Boxwood’s work. We pride ourselves in the partnerships we form with the businesses we work with, and the ability to deliver performance enhancing, sustainable results. We were very fortunate to have in Grosvenor such a high calibre partner, with really strong leadership and fantastic people in the joint team.”

Requests for interview and further information:

Lindsay Vetch / Christian Mahne
Vetch Mahne Ltd: 020 3488 3100
boxwood(at)vetchmahne(dot)com

Notes to editors:

Boxwood (http://www.boxwood.com/) works with carefully selected organisations to design and implement business transformation programmes that deliver sustainable bottom line results. We achieve this by bringing together our extensive industry knowledge and functional expertise with our partner’s in-depth knowledge of their business. Our approach is to work in joint teams with our clients from the outset, building internal capability to ensure that business performance continues to improve long after we have departed.

Boxwood has won the following MCA awards in the last three years:
2012 MCA Awards - Change Management in the Private Sector: Boxwood with Grosvenor
2011 MCA Awards - Platinum award for overall winner: Boxwood with the Carphone Warehouse
(For Change Management in the Private Sector)
Plus, MCA Award for Operational Performance in the Private Sector: Boxwood with Trader Media Group
2010 MCA Awards - Best small firm: Boxwood with Balfour Beatty

Grosvenor Group

Grosvenor is a privately owned property group with offices in 18 of the world’s most dynamic cities. The Group operates and invests in three different business areas; direct proprietary investment in real estate through our Operating Companies in Britain & Ireland, the Americas and Asia Pacific; indirect proprietary investment in real estate managed by others, which is the responsibility of the holding company; and our international fund management Operating Company - Grosvenor Fund Management - which manages capital on behalf of investors. As at 31 December 2011, the Group had total assets under management of £12.5bn. Unusually for a private company, Grosvenor publishes a full Annual Report & Accounts, available at: http://www.grosvenor.com

Grosvenor Britain & Ireland

Grosvenor Britain & Ireland’s strategy emphasises the creation and management of successful places, with a particular focus on high-end residential and mixed-use. The core portfolio comprises 300 acres of Mayfair and Belgravia in London, which first came into the Grosvenor family in 1677. Ownership and active management of its London estate remains at the heart of Grosvenor Britain & Ireland’s strategy. Investment assets comprise the largest part of its portfolio. Grosvenor Britain & Ireland also undertakes development across London, and in selected city centres around the UK. As at 31 December 2011, Grosvenor Britain & Ireland had assets under management of £4.2bn.

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Christian Mahne / Lindsay Vetch
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