New Reg wins the King's Award for Enterprise for Innovation

New Reg Limited, the company behind Vansold, has been granted the King’s Award for Enterprise in the Innovation category. It is the highest official honour a business in the UK can receive, made by the King on the advice of the Prime Minister.

I want to explain what the award is, because it is easy to wave past a badge on a website without knowing whether it means anything.

What the King’s Award actually is

The King’s Award for Enterprise, formerly the Queen’s Award, recognises genuine innovation with a real, sustained commercial impact over at least two years. The assessment is independent and it is rigorous. It does not reward marketing, and it cannot be bought. You are put forward, your figures and your claims are checked, and most applications do not succeed. That is what makes it worth something.

You can see the group listed on the King’s Award winners record.

What we were recognised for

The recognition is for the way we price and buy vehicles. Instead of quoting from a static book value, our system prices a vehicle from the live salvage and parts market: what the drivetrain is worth this month, what the panels and interior will fetch, what the metal is doing this week.

For a van seller that is the whole point of Vansold. You enter one reg, you get one fair number in seconds, and if you accept it the van is collected and paid for the next day. The number reflects what your van is genuinely worth to the trade, not a padded margin, which is why our offers tend to beat the instant-cash comparison sites.

What it means for this site

The award is held for five years, to May 2031. Over that time you will see the King’s Award emblem across the group’s sites, Vansold included. When you see it, take it as a signal that the service you are using comes from a team whose work has been recognised at the highest level, and that the offer on your screen is built on real market data rather than guesswork.