Avalon Managing Director, Phil Boyce, was recently interviewed for a Sunday Times article on the effect the Olympics is having on local businesses.
Phil Boyce is one businessman already reaping the rewards of an Olympic contract. Turnover has quadrupled since his Essex firm, Avalon Abseiling, won a deal to help build the velodrome in 2008.
The 13-year-old company uses abseiling techniques to carry out construction and other services in difficult locations. When he heard that craftsmen were needed to install a complex lighting design in the velodrome ceiling, he was keen to get involved.
“We were put on a world stage. That sort of exposure is invaluable,” he said.
Boyce, 43, has doubled his staff since getting the Olympic contract and seen turnover shoot up. It jumped from £2.7m in 2010 to £4m last year and he predicts more than £8m in 2012.
British Gas signed up the company last November to install insulation in high-rise buildings across the country. The Olympics played a big part in that deal, Boyce believes. “Bigger businesses will put trust in you if you have a good track record.”