Verifile Limited, one of the UK’s leading providers of background screening services, has been awarded the Queen’s Award for International Trade. Based in Bedford, Verifile helps organisations make informed decisions regarding the candidates whom they recruit. The company offers a comprehensive range of background checks designed to reassure employers that the person in front of them is everything they claim to be.
The Queen’s Award for International Trade recognises the company’s outstanding growth in overseas sales over the past six years, resulting in Verifile tripling its overseas sales, which now account for over 10% of the company’s total revenue. There has been growing demand worldwide for both pre- and post-employment screening as myriad employers look to mitigate their recruitment risks and fend off the possibility of insider threats.
Verifile was founded by Israeli entrepreneur and current CEO Eyal Ben-Cohen. His inspiration came from a high-profile bank robbery in Israel where the perpetrator was found to have used a false identity to secure employment as an armed security provider. The lack of rigour applied to the recruitment process prompted Ben-Cohen to research the market for employment screening.
As part of his MBA, Ben-Cohen explored new ideas for making the process smoother and more efficient, leading to the creation of Verifile 15 years ago. The company has grown steadily ever since and now employs 115 people.
Verifile’s background checks combine expert analysis with data drawn directly from hundreds of high quality sources worldwide. Highly accredited for its data security, process and people management and with a reputation for accurate data and building long-term client relationships, the company now boasts an enviable client portfolio both at home and abroad.
Mitigating recruitment risks
Ben-Cohen explained: “I’m delighted that all of the hard work put in by the team to grow this important part of our business has now been recognised by the Queen’s Award. I’m also incredibly proud that an idea I had over 15 years ago has taken hold to the extent that we’re able to claim such a prestigious award.”
He continued: “Our business is all about helping employers to mitigate their recruitment risks. These include the risk of not complying with industry regulations or internal company procedures or of exposing the business to fraud, theft, brand damage, fines or lawsuits. Employers are all too aware of the potential fall-out from hiring the wrong person and the cost, which can be financial, reputational or even human in nature. Increasingly, this is now a global undertaking, helping businesses from around the world to expand their workforces. As a result, we run hundreds of thousands of international checks every year, working with employers across multiple industry sectors.”
Established in 1965, the Queen’s Awards for Enterprise are designed to recognise the achievements of British businesses. In its current guise, the awards programme features categories for International Trade, Innovation and Sustainable Development.
Verifile Limited joins over 4,500 other businesses that have been recognised for their export achievements in the programme’s 50-year history.