Claydon: Sackers ranked in Investec Hot 100 listing of the UK’s fastest-growing private companies
PUBLISHED: 12:32 07 June 2013 | UPDATED: 12:32 07 June 2013
Suffolk waste management and recycling company Sackers has been named among the UK’s 100 fastest-growing privately-owned companies.
Sackers, based at Claydon, near Ipswich, is ranked in the 2013 Investec Hot 100 listing, compiled by Real Business magazine and published today at the Investec Entrepreneurs’ Summit in London.
The listing is based on annual accounts filed by firms with Companies House, as at January 15 this year.
Companies are ranked according to their compound annual rate of growth over four years, with a requirement for them to have had sales of more than £10million and EBITDA (earnings before interest, taxes, depreciation and amortisation) of more than £1m in their most recent accounts.
Sackers is ranked in 53rd place, with four-year compound growth of 34% and turnover of £26.486m and earnings of £1.538m in its most recent annual accounts.
David Dodds, chief executive at Sackers, said: “This award is recognition of all the hard work our staff have put in over the last two years.
“Sackers is a truly global brand now. This award recognises that fact, of which we are very proud, but, rest assured, we will not be resting on our laurels; we still have a lot of work and growing to do.”
Potensial, a residential care service provider based in Birkenhead, tops this year’s Investec Hot 100 with a four-year compound annual growth rate of 146%. Between them, the Hot 100 average four-year compound annual growth of 43%, with an average annual turnover of nearly £142m.
Ed Cottrell of Investec, said: “This year’s Investec Hot 100 clearly demonstrates the strength and breadth of entrepreneurial activity and business growth from companies that will continue to be the growth engine of the UK economy for many years to come.”
He addd: “Critically, in a year where we have begun to see some green shoots of recovery, we have seen a less austere Investec Hot 100 this year; a move away from more defensive industries such as gold traders and discount retailers that dominated the list in 2012 towards growth-oriented sectors and perhaps the more finer things in life.”
Matthew Rock, co-founder of Real Business, said: “The fact that a third of companies listed were also in the 2012 list demonstrates that it is possible to achieve sustainable growth in the UK.
“These companies are keeping themselves relevant in an ever-changing marketplace. Most of all, they never lose sight of their customers, their marketplace and their own people.”