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Draft:LRQA

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  • Comment: Basically all your sources are press releases. This doesn't show WP:ORGCRIT. qcne (talk) 20:12, 10 July 2025 (UTC)

LRQA
Company typePrivate Limited Company
IndustryProfessional services Assurance
Founded1984 (formerly part of the Lloyd’s Register Group prior to December 2021)
HeadquartersBirmingham, United Kingdom
Area served
Worldwide
Key people
Ian Spaulding (CEO)
Websitewww.lrqa.com

Overview

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LRQA is a British assurance, inspection and cybersecurity company based in Birmingham, England. It provides certification, inspection, verification and advisory services for organisations in sectors such as food and beverage, retail, hospitality, renewable energy, transport, technology, telecommunications and financial services.

History

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The business began in 1984 (officially incorporated in 1985) as Lloyd’s Register Quality Assurance, a unit of the maritime classification society Lloyd’s Register.[1] LRQA was previously part of Lloyd’s Register’s Business Assurance and Inspection Services division.

In June 2021 Lloyd’s Register agreed to sell its Business Assurance and Inspection Services division, including LRQA, to funds managed by Goldman Sachs Asset Management for about £550 million.[2] [3][4]

Leadership

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On 24 August 2023 LRQA announced the appointment of former ELEVATE founder Ian Spaulding as chief executive officer, effective 1 September 2023.[5] [6]

In July 2024, the trade magazine Supply Chain Digital published a feature on Spaulding’s “Assurance 4.0” agenda, which sought to combine digital risk insights with traditional certification services.[7]

Operations and services

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LRQA’s core business areas include certification, inspection, cybersecurity and specialised ESG assurance.

LRQA certifies organisations to international management-system standards such as ISO 9001, ISO 14001 and ISO 27001. It also conducts third-party inspection of industrial assets and provides penetration-testing and advisory work through its cybersecurity unit.[8][9][10]

The company also carries out supply-chain auditing and ESG-verification work; a 2023 Financial Times Moral Money Forum report on forced-labour risk cited LRQA’s audit data when analysing transparency gaps in global supply chains.[11] LRQA also provides sector-specific assurance services; at the 2025 Global Food Safety Initiative conference the company presented data-driven analytics for food-safety programmes.[12]

Acquisitions

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Between 2022 and 2025 LRQA carried out a series of acquisitions including ELEVATE, a Hong Kong-based ESG and supply-chain assessment company acquired in January 2022.[13]

In February 2025 the company announced it had added “five global risk specialists”, including quality-management software provider Core Business Solutions, to its portfolio.[14]

During the same period LRQA also absorbed several other firms, including Australian sustainability auditor Sustainable Assurance Solutions (July 2022), London-based human-rights consultancy Ergon Associates (October 2024), corporate carbon-management specialist RESET Carbon (January 2025) and Canadian advisory firm StepUp Solutions (February 2025) according to trade-press reports.[15][16][17][18]

See also

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References

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  1. ^ "LRQA Limited – Filing history". Companies House. GOV.UK. Retrieved 1 July 2025.
  2. ^ "Britain's LR to focus on shipping with sale of division to Goldman Sachs arm". Reuters. Thomson Reuters. 29 June 2021. Retrieved 1 July 2025.
  3. ^ "Goldman Sachs to buy Lloyd's Register assurance and cybersecurity arm". Financial News. Dow Jones & Company. 29 June 2021. Retrieved 1 July 2025.
  4. ^ "Lloyd's Register goes all-in on maritime with LRQA sale to Goldman Sachs". TradeWinds. Informa PLC. 29 June 2021. Retrieved 1 July 2025.
  5. ^ "LRQA appoints new CEO". CEOWORLD Magazine. 24 August 2023. Retrieved 1 July 2025.
  6. ^ "LRQA announces appointment of new CEO Ian Spaulding". International Accounting Bulletin. 24 August 2023. Retrieved 1 July 2025.
  7. ^ Chapman, Tom (14 July 2024). "LRQA: Navigating the New Era of Risk with Assurance 4.0". Supply Chain Digital. Retrieved 3 July 2025.
  8. ^ "LRQA Limited – Schedule of Accreditation (Product Certification)". United Kingdom Accreditation Service. Retrieved 1 July 2025.
  9. ^ "LRQA launches new online self-assessment tool for ISO 14001". edie. 4 September 2023. Retrieved 2 July 2025.
  10. ^ "LRQA strengthens its commitment to supply-chain sustainability at the Asia-Pacific Supply Chain Sustainability Summit 2025". MSN News. Microsoft. 30 May 2025. Retrieved 2 July 2025.
  11. ^ Sarah Murray (24 March 2023). So you think you know your supply chain? (Report). Financial Times Moral Money Forum. Retrieved 3 July 2025.
  12. ^ Mitchell, Jackie (30 May 2025). "Data-Driven Insights Key to Resilient Food Safety Future, Says LRQA". Quality Assurance & Food Safety. Retrieved 3 July 2025.
  13. ^ "LRQA acquires supply-chain sustainability specialist ELEVATE". ESG Today. 26 January 2022. Retrieved 1 July 2025.
  14. ^ "LRQA acquires five global risk specialists". Insurance Business UK. 6 June 2025. Retrieved 2 July 2025.
  15. ^ "LRQA increases Australasian presence with ESG firm buy". Environment-Analyst. 4 July 2022. Retrieved 1 July 2025.
  16. ^ "LRQA acquires Ergon Associates to strengthen ESG capabilities". ESG Today. 29 October 2024. Retrieved 1 July 2025.
  17. ^ "LRQA buys RESET Carbon in net-zero push". ESG News. 29 January 2025. Retrieved 1 July 2025.
  18. ^ "Goldman Sachs-backed LRQA acquires US firm StepUp Solutions". Insider Media. 13 February 2025. Retrieved 1 July 2025.