Principal Corporation - 21 Years

Office Systems & HighTech Enterprise Principal celebrates its 21st Birthday

Principal Corporation celebrated its 21st Birthday this month. In 1987 Richard Cashman set up Principal as a copier dealership and today the Principal Corporation incorporates seven trading companies and has a turnover of £14 million.

Looking at the Principal Corporation of today, with its dynamic team of over 100 people and high tech expertise, it is hard to cast the mind's eye back 21 years to when it was a team of three people. It takes a leap of imagination and plenty of energy to take in the expansion and diversification that brought it to its current size and status

The organisation now incorporates seven trading divisions, including the Cabling Division, which designs and installs voice, data and electrical cabling, the Supplies and Consumables division looking after the aftermarket, and Cameron Barclay, which provides project and workspace management.

Researching future trends and technologies is equally as important as managing current change and Richard Cashman still keeps a vigilant eye on the key dynamics of the business, manufacturer R&D and finance, which he sees as the two factors that drive the market. He travels to the USA at least monthly, sits on an IT outsourcing committee, works in conjunction with other dealers and meets with manufacturers regularly to discuss new technologies and their impact, with networking a high priority to ensure that Principal remains fully aware and at the forefront of the knowledge cycle.

Providing complementary and new solutions to its client base is an ongoing objective, but in the long run Richard Cashman is seeking to reach the threshold of achievement. The one certainty for the future therefore is that he will continue to push the boundaries of the Principal brand with the same vision and energy of the past 21 years, embracing change and opportunity with a vigour that underpins Principal's success.

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