We’re delighted to start 2020 with the honour of being named among the Sunday Times International Track 200 list. The list was published in The Sunday Times newspaper, and the companies will also be celebrated at an awards dinner in April.
Now in its eleventh year, the Sunday Times HSBC International Track 200 ranks Britain’s mid-market private companies with the fastest-growing international sales, measured over a two-year period. It’s compiled by Fast Track, an Oxford firm researching Britain’s top-performing private companies.
Fastest-growing international sales
The companies listed have, on average, achieved a 64% annual rise in international sales over the past two years. They represent a combined annual turnover of £10.3bn and range from a growth rate of 28.8% and international sales of £58.6m per year (200th place) to 412.1% growth and sales of £16.4m (first place).
Sunday Times journalist John Elliot believes this “reflects the strong reputation our private companies enjoy around the world — and their determination to find new global markets.”
Succeeding in rapidly changing times
Amanda Murphy, UK Head of Commercial Banking at HSBC added, “These are excellent numbers, showing that the firms possess the strength and dynamism to succeed in rapidly changing times. With memories of the last recession still fresh, and the turbulence of Brexit and trade wars, their leaders have learnt to be prepared for anything — indeed, planning for a range of scenarios is far more common now than 10 years ago.”
Reed and Mackay, a corporate travel agency, which has seen sales grow by a whopping 412% over the last two years, is placed at the top of the league table. The list also includes companies such as Chilly’s, Project One, Claranet, BrewDog.
Last-years fastest-growing company, fitness clothing retailer GymShark, dropped to 18th on the list but still increased its international sales from £143m to £176m. The list features a diverse range of companies, small and large, with many of the companies being new to the list. Interestingly, Europe was identified as a ‘main market’ by 180 of the 200 companies listed, followed by North America (123), Asia (62) and Australasia (47).
42% growth in international sales
Adaptavist’s has delivered international growth of 42.1% over its two most recent financial years, placing us 126th in the list. We have continued to grow rapidly since then, not just in terms of international revenues but in terms of headcount and office locations. The business takes a truly global perspective on its opportunities for further growth. We currently have offices in the USA, Canada, Estonia, Spain and Malaysia.
“We help the largest, most complex organisations optimise and automate their software development processes,” says Simon Haighton-Williams, Adaptavist CEO. “They don’t see any international boundaries in terms of where they can look for insight and assistance. Our focus has been to ensure we’re responsive to these opportunities. We don’t put any barriers in their way.”
The ranking in the International Track 200 list comes hot on the heels of being recognised among The Sunday Times 100 Best Small Companies to Work For, The Sunday Times Hiscox Tech Track 100 and being awarded The Queen’s Award for Enterprise in 2019.
To find out more about the list and get your copy, go to https://www.fasttrack.co.uk/wp-content/uploads/2020-HSBC-International-Track-200-supplement.pdf