Fastest-growing companies revealed
Article Date: Sep 16 2009
Some companies are beating recession
Art galleries, wine merchants and architects are among the UK’s top 50 fast-growing companies, according to research from Business XL magazine.
The independent research, which identifies those companies showing the strongest growth in the economic downturn, suggests that the support services and health sectors are particularly resilient, with 22 and 16 per cent of the top 50 companies operating in those areas.
While more than a third (36 per cent) of companies are based in Greater London, the North West comes second with 20 per cent.
Miniclip, which provides free games to 50 million users, came second in the ranking of fast-growing companies, having increased turnover 54 per cent to £19.2 million with profits up 98 per cent to £5.8 million.
Says CEO Robert Small, ‘The environment around us is always changing but we don’t get distracted by what potential competitors might be doing, we keep our heads down and focus on our own growth strategy.’
Steve Robinson, CEO of clothing retailer M&M Direct which came 20th in the list, comments, ‘Consumers are definitely price-sensitive at the moment but they are also value-sensitive. Our customers are looking for a combination of price, quality and good service.’
