The London Stock Exchange has included catering equipment producer Victor Manufacturing in an elite list of ‘1,000 companies to inspire Britain’.
The Bradford-based outfit was praised for its growth through the recession in a comprehensive report identifying some of the UK’s most exciting and dynamic small and medium-sized enterprises.
Victor was singled out for its “substantial revenue growth” during the last four years, ongoing investment in personnel and its performance versus competitors.
In August, Victor recorded its highest ever monthly sales haul, while turnover for 2013 is forecast to reach £6.8m, up from £6.2m last year. Over the last four years, the business has grown in excess of 35%.
“Our growth is partially as a result of a positive turnaround within the catering industry,” managing director Mick Shaddock was quoted as saying in a piece published in the Telegraph & Argus.
“However, within the last four years we have internally driven the business to greater and greater success. We have focused on energy efficient designs, building the best quality products available, protecting our technology through patents, developing our staff, and making sure that our premises offer one of the best manufacturing facilities in the industry.”
Shaddock also revealed the company has acquired a 9,000 square foot premises along with surrounding land for future development.
The LSE report also paid tribute to Victor’s product range, including its Optimax refrigerated display range, which is the only equipment of its type to be awarded Carbon Trust approval.
Xavier Rolet, CEO of London Stock Exchange Group, said that among the UK’s 4.5 million SMEs there was an exciting subset of fast-growing, dynamic businesses, dubbed “gazelle” companies by the CBI, which are of exceptional importance to UK economic growth and job creation.
“Our own research, and that of many other organisations, has shown that it is almost exclusively these companies that have generated new, net job creation in the UK since the financial crisis” said Rolet.
“The public sector has shrunk and while large-caps are recovering, their hiring has not. Gazelle companies, post-2007, are proving to be the lifeblood of the UK economy.”