Designer Contracts, the UK’s largest flooring contractor, has been identified as one of London Stock Exchange’s 1000 Companies to Inspire Britain.
The report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses. To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their industry peers.
It’s been a hugely successful year for the rapidly expanding company, which has a national network of 12 regional offices and a show home design division, it saw a 14 per cent increase in turnover to £34 million for the 12 months to the end of October 2015, compared to the same period in the previous year.
Peter Kelsey, md of Designer Contracts said:
“We are delighted with our progress in the past year and to be included in London Stock Exchange’s report as one of the 1000 companies to inspire Britain. We put our success down to making our customers our number one priority and ensuring they receive the very best possible service. Also, our national buying power enables us to supply product at fantastic prices and we work with customers on a one-to-one basis through our growing regional network of offices.”
Designer Contracts has recently trebled its national distribution facility moving to larger premises, increasing its size from 44,000 to 109,000 square feet, with a significant increase in height, offering three times the amount of storage capacity.
The company has also expanded its regional facilities in North London and Essex and the South West, with future plans to relocate its North East regional depot and invest in an additional facility in Scotland.
Xavier Rolet, Chief Executive, London Stock Exchange Group said:
“High growth SMEs are the driving force behind the UK economy, developing the skills, jobs and growth we need. But ambition alone is not enough; their success must be highlighted and their growth properly supported with appropriate finance. That’s why today’s event is so important: demonstrating the strong alliance between UK government, financial market participants, investors, entrepreneurs and companies to support these inspiring businesses.
“Today’s celebration is fundamental to London Stock Exchange’s core, the need to support UK high growth companies in their journeys from start-up to stardom and create an entrepreneurship revolution.”
Writing in the publication, The Rt. Hon. George Osborne MP said:
“UK high-growth businesses are leading the charge in rebuilding our economy. These companies are the backbone of the British economy. They create high-quality, well paid jobs, innovate and drive economic growth. This government fully understands the need to support ambitious entrepreneurs and ensure they can access the finance they need to grow.
“We have held the steadfast belief that – alongside deficit reduction – nurturing entrepreneurs, creating jobs, supporting hard-working families and keeping taxes low would get the UK economy back on track. Our measures to increase access to finance for business and encourage more investment have had a transformative effect on our economy.”
More detail on the methodology can be found in the report online at www.1000companies.com.
A full searchable database of all of the companies along with a downloadable pdf of the publication can be found online at www.1000companies.com