The Telegraph’s report into the top 1,000 privately owned and Alternative Investment Market-listed companies, with annual sales of between £5m and £500m, published this week and billed as a celebration of the UK economy’s powerhouse – mid-sized companies that have weathered the economic storm, set to be the foundation upon which the UK’s recovery is based – was compiled with the help of NESTA, the innovation agency, which identified fast growing companies. Business information specialist Dun & Bradstreet then verified the information.
The Telegraph also polled more than a dozen membership organisations, such as the Chartered Insurance Institute, for their ‘ones to watch’. The report provides an encouraging picture to counter the widely reported and generally gloomy economic indicators.
Collectively, the 1,000 firms, based all around the UK, generated more than £50bn in sales during the last year. Despite representing different sectors, different types of business and being at different stages in their evolution, from young rapidly growing ventures to more established but innovative operations, they all shared one significant trait for which they were commended by the report’s authors: their extraordinary resilience during the recession and subsequent stuttering recovery.
Like many of the companies claiming a spot in the top 1,000, Speed Medical, established in 1998, has increased sales revenue and employment levels in consecutive years since 2009-10 with the latest figures standing at £40M and 145 staff respectively. Its ambitious growth plans, revealed earlier this year, include a turnover target of 45M and a net growth in staff, month on month, over the course of the current accounting period.
Commenting on its inclusion in the Telegraph’s Top 1,000, Chris Chatterton, Speed Medical’s commercial director, said: “We are delighted to have been recognised as one of the companies that that are not just surviving, but thriving in the current climate which, let’s make no mistake, is as difficult as we’ve ever known it.”
“Like many companies we’ve had to face up to new challenges, think differently, focus on what’s really important and to take risks, to grab opportunities before they disappear. I’m happy to report that our strategy is working, we’re stronger than before and able to provide more support to our customers in the legal and insurance sectors than ever.”
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Notes to Editors:
Established in 1998 and based in Chorley, Speed Medical employs around 145 people, turns over approximately £40M, and works with over 4,000 medical experts throughout the UK.
One of the UK’s largest medico-legal reporting firms, in terms of volume, the business has grown organically since its inception to provide solicitors and insurers with an unrivalled level of product tailoring and industry leading standards of service.
Aside from the preparation of medico-legal reports used to assist in personal injury cases, its distinctive product offer includes rehabilitative treatment and diagnostic investigations.
As commercial director responsible for developing new business initiatives, Chris Chatterton carries with him a wealth of big name sales and marketing experience in the claims and outsourcing industries. Starting his senior career as a marketing manager with Tate & Lyle, he moved on to the RAC as head of corporate marketing. This was followed by senior consulting roles and a spell as chief operating officer at CCC international prior to his role as group sales director for the Helphire Group. He began working for speed Medical in 2010.
Speed Medical House, Matrix Park, Chorley, PR7 7NA. http://www.speedmedical.com
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