The global market leader in mobility solutions, Sofico, is rapidly expanding its UK headquarters in Malvern, Worcestershire.
Established as a start-up in Belgium in 1988, Sofico now turns over €39m per year by developing mobility solutions for companies and leasing fleet management in 24 different countries.
Sofico employs 310 staff in 8 offices worldwide, in countries including Japan, Australia, France and Mexico. Sofico’s UK headquarters currently employs 12 people and the business is looking to nearly double that number within the next year.
With over 30 years’ experience in the automotive finance and leasing market, Sofico has perfected its 1 product offering to help businesses to understand the markets of automotive finance, leasing and buying. Sofico has continuously reinvested in its product known as ‘Miles’, and the platform provides an industry-leading platform to major companies including Fiat, Pendragon PLC, Volkswagen Financial Services, BMW and ALD Worldwide, to name just some.
As part of the implementation of Miles, Sofico’s customers go through a series of detailed requirements-gathering workshops, to help understand pricing, workflow and scalability. With this information, the Miles system can then help customers to optimise and significantly boost their productivity as a result.
The business chose to locate its UK headquarters in Worcestershire a year ago due to the county’s great location and reputation as a tech hub. Sofico were supported in expanding their UK headquarters by Worcestershire Local Enterprise Partnership and the Department for International Trade, who connected the business with Worcestershire’s major recruiter, Hewett Recruitment, to support the early recruitment of Sofico’s workforce.
Roger Smith, Country Head for Sofico Services UK Ltd, said: “Our growth in the UK is taking off quite rapidly and we’re at the stage now where recruitment is incredibly important. We are therefore looking to recruit some of the UK’s brightest developers, project managers and business consultants for an exciting career with Sofico.
“We have a really exciting culture here, where we’re able to give people the responsibility and freedom to grow in their role and help the business. The opportunities for staff socials in Belgium are a pretty good perk too!”
Gary Woodman, Chief Executive of Worcestershire Local Enterprise Partnership, said: “We are delighted to see that Sofico has been able to hit the ground running and rapidly expand in Worcestershire. We all know that the county is home to some big players in the automotive industry and supply chain, and it’s no surprise to see Sofico thriving in this market.
“One of the key advantages to growing a business in Worcestershire is the access to a specialised workforce, and I’m sure that this will work to Sofico’s benefit now and in the future.”
Sofico’s expansion builds on Worcestershire’s fast-growing reputation as a magnet for leading tech firms and the county’s recent shortlisting at the World Communication Awards 2019 in the 5G leadership category. At a time of increasing global competition for trade and investment, Worcestershire is acting as a catalyst for technological innovation and welcomes opportunities for collaboration with the UK’s most innovative minds.
For further information on Sofico Services UK, contact Roger Smith by emailing firstname.lastname@example.org or phoning 01684 423166
For more information on investing in Worcestershire, visit the website here.
Pictured: Gary Woodman of Worcestershire LEP alongside Roger Smith of Sofico