Murfitts Industries listed in new Sunday Times BT Business SME Export Track 100 ranking
- Credit: citizenside.com
A Suffolk-based firm which has supplied material to many leading sports venues has been named in a listing of Britain’s fastest-growing small and medium-sized exporters.
Murfitts Industries from Lakenheath recycles more than 11 million tyres a year, which it turns into rubber granules for a applications including sports surfaces, playgrounds, roads, decking and carpet underlay.
The company, which employs around 20 people, has been ranked in 39th place in the inaugural Sunday Times BT Business SME Export Track 100 league table which identifies the country’s private small and medium-sized enterprises (SMEs) with the fastest-growing international sales over the last two years.
Murfitts achieved overseas sales of £2.1million in the year to December 2013, out of total revenue of £8.8m. This represented two-year growth in exports of 66%, with the company’s markets including Europe, Asia, South America and Australasia.
The SME Export Track 100, compiled by research company Fast Track, is sponsored by BT Business and also supported by the Government-backed Business is GREAT Britain campaign.
Danny Longbottom, managing director UK SME at BT Business, said: “I would like to congratulate the businesses recognised in the inaugural Export Track 100, who are proving that it’s not necessarily size that determines international success.
“These businesses have used a combination of self-starting ambition, smart use of technology and sheer hard work to punch well above their weight in the global market. The fruits of their labour are contributing to a strong and diverse UK economy, which we can all be thankful for.”
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Murfitts was established in 2001 to take advantage of EU regulatory changes which meant that used tyres could no longe sent for disposal as landfill.
Among the sports venues to which it has supplied material are Wembley, Twickenham and the Riverside stadium used for hockey at the London Olympics.
Last November, Murfitts was named in another new listing, the Investec Mid-Market 100, which ranks the UK’s fastest-growing private companies, based on their four-year percentage growth in turnover.
Murfitts was ranked 29th in the listing, with its most recent turnover figure of £11.085m representing growth of 39%.