TEG founder and CEO Lyall Cresswell has been profiled in Entrepreneur UK following the launch of the updated TEG end-to-end logistics tech platform earlier this year.
The article, which explores TEG’s origins, growth, and commitment to solving logistics market challenges, traces TEG’s 25-year journey from startup to industry leader. In particular, it highlights how Lyall defied the conventions of the dot-com era, eschewing the race to secure venture capital funding in favour of developing a sustainable business grounded in building technological logistics solutions.
“In the early days, our challenge was swimming against the prevailing tide of the dot-com era,” Lyall told Entrepreneur UK’s Patricia Cullen. “While competitors were chasing investment rounds, we focused on proving our business model from day one.”
The article details how TEG launched its minimum viable product within four months of incorporation, overcame the “cold start” problem of building a two-sided marketplace, and introduced industry-first innovations long before logistics technology was commonplace. It also explores key TEG milestones, including a full-platform rebuild in 2013 and the company’s relatively recent expansion into digital compliance and embedded logistics finance… all while maintaining a steadfast commitment to TEG’s authenticity, transparency, and trust.
“There’s been an unhealthy obsession with how much money has been raised,” Lyall says in the article, noting that real innovation relies not necessarily on raising capital but instead on solving real-world problems. As opposed to chasing ever-more funding, Lyall suggests start-ups and entrepreneurs focus on customer wants and needs.
As TEG marks our 25th year in business, the feature serves as a timely reflection of the TEG values, which include doing the right thing, ensuring the job gets done and, of course, challenging the status quo.
The full article is available on Entrepreneur UK’s website now.
