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Shard Credit Partners’ Investee Company Awarded a King’s Award for Enterprise.

An investee company of Shard Credit Partners Direct Lending Fund I, JST Floating Piers Ltd (“JST”), based in Ayrshire, Scotland, has been honoured with a King’s Award for Enterprise for Innovation.

JST is one of 252 organisations nationally to be recognised with a prestigious King’s Award for Enterprise, and one of only 59 UK companies recognised for its excellence in Innovation.

Employing 63 people, JST Services (Scotland) Ltd was founded in 1993, and a separate Floating Piers division was established in 2007.

JST is a logistics company active in the port services sector, providing operations throughout the United Kingdom and Ireland.  The company is particularly active in delivering asset-based logistic solutions to the forest sector. JST’s innovative mobile Floating Piers have made it possible for large capacity cargo ships to berth directly adjacent to remote forests. With a network of three Floating Piers, JST’s technology has created economies of scale that enable Scottish logs to move to from estates in the remote Highlands to markets in the Central Belt, Southern Ireland, and South Wales.

JST’s Floating Piers are part of the broader drive towards Net Zero, with each cargo ship loaded at one of the piers removing some 200 HGV truck journeys from Scotland’s rural roads.

Richard Jennings, Managing Director of JST Services Group, said, “As a service business, receiving the Kings Award for Innovation is an absolute honour for the company and a huge testament to our employees, partners and customers.”

A Royal reception will be held for award recipients during the summer of 2024.

The King’s Awards for Enterprise, previously known as The Queen’s Awards for Enterprise, was renamed last year to reflect His Majesty The King’s desire to continue the legacy of Her Majesty Queen Elizabeth by recognising outstanding UK businesses. The Awards programme, now in its 58th year, is the most prestigious business award in the UK. Successful companies can use the esteemed King’s Awards Emblem for the next five years.

Visit https://www.gov.uk/kings-awards-for-enterprise for more information.


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