Retrocyle Announced as Finalist of Tycoon in Schools 2014
Friday 27th February 2015
Congratulations to team ‘Retrocycle’, who have been selected as one of the finalists of the countrywide enterprise challenge ‘Tycoon in Schools’, run by the Peter Jones Foundation.
After competing alongside thousands of students across the country, ‘Retrocycle’ is just one of nine teams to be selected by a panel of judges, led by Peter Jones CBE and is now in the running to be crowned winner of ‘Tycoon in Schools’ 2014.
‘Retrocycle’ consists of seven, U4 girls (Year 9) who want to encourage creative minds to produce inventive green products and offer them all in one place. RetroCycle offers a whole range of unique, eco-friendly products that appeal to the mass market and are available under one roof such as key rings made from old bottle tops, bowls and coasters made from old magazines and notebooks decorated with discarded unwanted items. Alongside their products and in line with their vision to encourage creative minds, Retrocycle have been selling the recycled products of others taking a commission for goods sold. 100% of the company’s profits will be going to Great Ormond Street Hospital, without whom the team’s Managing Director, her best friend and the Finance Director’s brother would not be here today.
Team ‘Retrocycle’ has now been invited to attend an exclusive ceremony at Buckingham Palace on Tuesday 10 March, where they will be personally congratulated by HRH, The Duke of York KG, Patron of the Peter Jones Foundation and Peter Jones CBE.
HRH, The Duke of York will unveil the champion of ‘Tycoon in Schools’ and three key stage category awards will also be presented.
Managing Director of Retrocycle, Romilly Hayward, said,
“On behalf of the Retrocycle team, we are delighted to reach the final of the Tycoon in Schools 2014 competition. To attend the ceremony at Buckingham Palace will be such a special occasion and participating in the Tycoon in Schools competition has been an extremely valuable experience for us all.”
Miss Orla O’Doherty, Head of Economics and Business Studies at Queen Anne’s, said
“To reach the final of the Tycoon in Schools competition is a wonderful achievement for Retrocycle; the girls involved have worked very hard to make their business a success and have really been engaged in the whole process. Participating in the nationwide enterprise competition has been an invaluable opportunity for our pupils as the competition has enabled them to acquire key transferable skills whilst putting business theory into practice. Retrocycle have raised a fantastic amount for charity and they should be very proud of their achievements.”
Underpinned by Peter’s mission to put enterprise at the heart of the education system, ‘Tycoon in Schools’ is a nationwide competition, run by the Peter Jones Foundation, which aims to encourage and inspire young people across the country to start a business whilst at school.
Commenting on this year’s entries, Alice Barnard, CEO of The Peter Jones Foundation, commented,
“The work produced by our finalists has been of a very high standard. Without exception, they’ve shown real creativity and a thorough understanding of what it takes to get a business off the ground. We’re looking forward to celebrating their success at Buckingham Palace.”
The competition is backed by the Department for Business, Innovation & Skills, as part of its wider goal to invigorate entrepreneurialism across the country.