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Reflections on IQ's First Full Year

Raymond Clarke, Chief Executive of IQ, takes a look back at what we have achieved so far.

As we approach the end of our first full financial year of operation, those involved with IQ can look back with satisfaction on solid progress. 300,000 shares have been sold to plan with 15% now held by international investors. In the first quarter of 2013 we moved in to the top 50 awarding organisations in the UK (there are over 170) on an annualised basis and expect to be in the top 40 by the end of 2013. IQ will have some 100 qualifications on the QCF by the end of April.

There have also been successes with accreditation. IQ has become one of the few Awarding Organisations to gain approval for Functional Skills and has been approved to offer the Moving up Suite in Maths and English and teaching of Maths and English. We also gained SQA approval.

Technically, huge progress has been made. The centre interface of the IQ learner management system compares well with those offered by competitor awarding organisations and we were the first awarding organisation to meet the new requirements of the Learner Record Service for data entry. Our online assessment system is being launched in the summer and IQ is one of the few awarding organisations to have its own system software.

Our exacting customer service guarantees have been met in full throughout the year and we were even able to make them more challenging in January. We have largely succeeded in maintaining centre approval standards, with some 19% of centre applications rejected on quality grounds during the course of the year.

IQ is ahead of expectations in relation to its international work. A joint venture is to be launched in the Middle East in the summer along with supporting distribution networks. Our first awards have been delivered in Asia and Africa.

The coming twelve months will witness consolidation in the sectors for which we have developed qualifications this year along with the launch of qualifications in three new sectors. There will be a significant expansion of our activity and growth in online provision. We will launch a new type of qualification and see the operational launch of IQ Resources. We will also expand membership of the mutual companies.

Of course there are areas for improvement, there always will be. Our target was to establish a premiere brand, high quality awarding organisation focused on partnership, transparency and value, able to become one of the ten largest awarding organisations in the UK. We believe that we are making significant progress towards these goals.

Raymond Clarke.

Apr 24, 2013 11:21 AM
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