FOCUSRITE PLC

Description

Focusrite plc is a UK-based music and audio products company, which mainly offers proprietary hardware and software products for musicians and audio professionals. It was founded in the year 1985 and its headquarters are situated in High Wycombe, United Kingdom. The company is listed and traded on the Alternative Investment Market (AIM) of the London Stock Exchange publicly. Focusrite plc operates through eight well-established brands, which include Martin Audio, Sequential, Focusrite, Focusrite Pro, Optimal Audio, Novation, ADAM Audio and Ampify Music. These brands have built a great reputation in their respective specialized fields, and help the company become a leader in the music-making industry.

Focusrite and Focusrite Pro provide the customers with audio interfaces and other related products. ADAM Audio offers professional loudspeaker technology, and Martin Audio offers performance ready systems. Sequential provides analogue synthesizers, and Optimal Audio offers a one-stop solution for commercial installations. The company has a substantial customer base, covering over 160 territories. The goal of the group is to maximise the returns for all its stakeholders and create sustainable value in the long run.

Focusrite plc follows a well-defined framework of corporate governance and aligns itself with the Quoted Companies Alliance (QCA) Corporate Governance Code. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. The board of the company has set up separate committees for audit, remuneration, and nominations. It follows strict policies regarding modern slavery and human trafficking, board diversity and inclusion etc. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It has a comprehensive Corporate Social Responsibility (CSR) framework in place and complies with international best practices and guidelines to create a sustainable business. It aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as the wider community. It aligns its business objectives with the United Nations Sustainable Development Goals and strives to become an environmental sustainability leader to set an example for other companies. It gives key priority to design its products through sustainable business solutions and create a positive impact on the world.

The company has won many awards for its achievements, which include the three Queen's Awards for Enterprise in innovation in 2008, 2018 and recently in 2021. It has also received The Queen’s Awards for Enterprise in International Trade in 2012 and 2016 and has won many more awards in the past.