Having more than doubled its head count from 30 employees to nearly 70 in the past year, award-winning Bloom Procurement Services, has signalled further expansion plans with a move to larger office space in Gateshead.
Originally based in Sunderland Software Centre, the company moved to Newcastle Quayside in 2017 and following rapid growth in the last year, has now relocated to impressive, new offices, close to the Hilton Hotel at New Eden House, Gateshead.
Along with an increase in headcount, turnover for 2018/19 exceeded £170 million and the company has set an ambitious turnover target of £250 million for 2019/20.
Bloom’s rapid growth was acknowledged earlier this year when it won the ‘Let’s Grow’ category at the 2019 Northumberland & Tyneside North East Business Awards. The company was also nominated for ‘North East Scale Up Business of the Year’ at the Federation of Small Business Awards 2019.
Adam Jacobs, executive chairman at Bloom Procurement Services, said: “We chose to move to Eden House because it boasts a range of new work spaces and technology that will transform how we collaborate as a team both internally and externally. It is a fantastic location with great views across Newcastle and Gateshead and the iconic Sage and Baltic are on our doorstep.
“We wanted an environment that was designed as a celebration of our passion for innovation with meeting rooms named after famous North East innovators”.
Established in 2012, Bloom specialises in bringing together a community of buyers and suppliers to help the public sector buy and manage professional services in an innovative way. The company provides a full end-to-end marketplace solution for the procurement, contract management and payment of all consultancy and professional services.
The move to New Eden House comes just as Bloom celebrated its recent appointment as the delivery partner to the new NEPRO³ professional services procurement solution, on behalf of the North East Procurement Organisation (NEPO). Set up to help the UK public sector manage professional services spend whilst achieving better outcomes and improving value for money, Bloom has been the exclusive operator of the NEPRO solution since its inception in 2012. NEPRO³ is the third iteration of the contract.
NEPRO³ is set to secure jobs in the region by offering an excellent growth platform for Bloom’s supplier community, whilst providing significant efficiency savings for public sector buyers – on average, public sector buyers using the NEPRO solution save between 11% and 19% against budget.
Adam added, “It’s a very exciting time at Bloom and the growth we are seeing reflects on the success of the NEPRO solution and the innovation and hard work of our teams. We are committed to the North East, as witnessed by our decision to relocate to new offices in the heart of Tyneside. Our mission is to assist public sector organisations to work with the very best suppliers and to create good quality jobs across the region.”
David Gibbs, commercial director at UK Land Estates Ltd, said: “We are delighted to welcome Bloom Procurement Services to New Eden House. It is a very ambitious and forward-thinking business and we know that the offices will provide the perfect platform for future growth.
“New Eden House is a key example of how we are helping to enable growth by attracting businesses, like Bloom Procurement Services, to invest in our region. By providing our clients with turnkey, ready to go office solutions, we help them move into suitable premises quickly and efficiently, whilst also reducing any upfront capital investment they would have otherwise had to have made.”