Released on: June 11, 2008, 4:01 am

Press Release Author: Prestige Network

Industry: Human Resources

Press Release Summary: Translation Services at the HUB of Growth and Management
Issues:

Press Release Body: Beneath the glossy veneer of financial growth there lies a
hurdle. Just how do you adapt your business to develop and subsequently cope with
the new demands that are being placed upon it?

Over the past few years, translation company Prestige Network have experienced
growth beyond their wildest expectations. In the 2007/08 financial year, their
levels were up an incredible 40%. They began to find, however, that the transition
period between the kind of company they were, and the company they were becoming
presented them with a real challenge. They found, as demand for their services
increased, that their resources needed to undergo radical restructuring to adapt
with the swift change.

The South East England Development Agency is a Government funded organisation
dedicated to optimising the performance of businesses operating within the South
East region. They operate to ensure that businesses in the region have the ability
to compete effectively at the levels they operate at, that their staff are trained
to high standards and that businesses have a beneficial, rather than superficial,
effect on the local community.

David Pollard, a mentor from SEEDA, identified Prestige Network as one of only two
companies in the South East experiencing this kind of major expansion. David visited
them at their headquarters in Thatcham, Reading to see how they could reap the
maximum rewards from their new found popularity and to help them manage the company
in a way that would encourage similar trends in the future.

He comments, "Prestige have a small full-time staff base, and an enormous number of
self-employed subcontractors.It's a major problem to manage this resource as the
company grows.we could see that one of the things Prestige needed to do was to build
a business structure that enabled them to grow significantly - [in terms of]
management, strategy and infrastructure."

A leadership development advisor was assigned to work with the team of directors at
Prestige Network. Over a 5 day programme they worked with the company on developing
leadership skills and strategies that would resolve the issues that were potentially
hindering further growth.

The suggestions and implementations now in place as a direct result of SEEDA's
involvement, such as the inclusion of a middle management tier, have proved to be
massively beneficial to the company.

Shohreh Fleming, CEO of Prestige Network agrees, "When you are involved in small
things you cannot think about long term issues. Now we have more thinking time - to
spend on bigger issues - because we know the management team will take care of the
rest."

Web Site: http://www.prestigenetwork.com/index.htm

Contact Details: Prestige Network
8 Thatcham Business Village
Colthrop
Thatcham
RG19 4LW

Telephone: 0870 770 5260
Email: mj@prestigenetwork.com