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Full speed ahead: Softcat jumps 69 places with highest EBITDA on Investec Mid-market 100

Posted on Monday, November 24, 2014
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By The Softcat News Team

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Following four years of exceptionally fast growth, Softcat has made the inaugural Investec 100 list, which ranks the 100 fastest growing companies in the UK. Softcat was ranked 28th, 69 places higher than its position of 97 last year.

Softcat achieved the second highest turnover and the top EBITDA of the 100 companies listed, rankings based on last year’s financial figures. Softcat is announcing this year’s financials on Wednesday.

CEO Martin Hellawell said, “69 places is a significant increase, reflecting our flourishing growth especially in recent years – revenues have grown by over 300% since 2010. In order to support our growth we’ve doubled our staff and opened a new regional office in Bristol. In February we open another in Leeds, bringing our total offices to five.” He added, “We’re delighted to have achieved the top EBITDA and second highest turnover of the companies listed. We plan to continue our growth across all our business sectors– we’ve come a long way in a short time but we’re not taking our foot off the accelerator just yet.”

The list, compiled in conjunction with DueDil, the largest source of free private-company information in the UK and Ireland, ranks active, UK-registered companies according to their four year average compound annual growth rate, with a minimum annual turnover of £10 million. The companies included on the list have all been grown organically and not through acquisition.

Softcat’s revenues currently top £500 million, and company profits have increased by 30% in just one year against a backdrop of mostly single-digit industry growth. In reflection of this success, Softcat has an unusually high customer satisfaction rate, with a Net Promoter Score (NPS) of +67.

Ed Cottrell of Investec, said: “The UK mid-market contributes nearly £1 trillion of revenues annually and up to a quarter of private sector employment, and it is important that its contribution is understood and recognised. We know from our experience of working with mid-sized businesses that they are highly committed to investing for long-term growth and play a crucial role in the success of the UK’s broader economy. We look forward to seeing these companies go from strength to strength in the future and congratulate Softcat for achieving their place in this year’s Investec Mid-Market 100.”

Investec’s Mid-Market Programme showcases the strength and importance of Britain’s mid-market and includes the Investec Mid-Market Index, an indicator of the size, health and performance of the UK mid-sized, private companies sector, published in October 2014, and an annual Mid-Market Summit on 28 November to highlight their achievements.

Softcat will celebrate its achievement with other growth-leaders at the Investec Mid-Market Summit on Friday 28 November at The Corinthia Hotel, London.

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