London Stock Exchange Group’s 1000 Companies to Inspire Britain 2016
February 24, 2016
Tomrods (under the umbrella of Thompson McDougall Steel Holdings Limited) is delighted to be included in the London Stock Exchange Group’s 1000 Companies to Inspire Britain 2016 report. This report is a celebration of the UK’s fastest-growing and most dynamic small and medium size businesses.
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.’
The London Stock Exchange Group worked with the research company, DueDil, to identify the 2016 list of the 1000 companies. Companies had to meet certain criteria: be UK-registered and active; have revenues between £6 million and £250 million, based on latest Companies House filings and have a minimum of three years in operation.
Having identified a long list of eligible companies, DueDil then separated the companies into their Standard Classification (SIC) grouping and computed the average compound annual growth rate (CAGR) in percentage (based on turnover growth) for each SIC sector over a four-year period and within each SIC sector, then ranked the companies by their individual CAGR percentage. Finally, DueDil then identified the companies that had most outperformed their sector averages. A downloadable PDF of the publication itself can be found online at www.1000companies.com.
As a company Tomrods certainly strives to innovate and adapt to changing conditions in the market, so it’s an honour for our company to be recognised as an inspirational British competitor.