We’ve scored a place on *the* definitive league table ranking the UK businesses with the fastest growing profits – our third such prestigious award in just a few months…
Net World Sports has been placed 66th on the latest Sunday Times BDO Profit Track 100 league table, the annual rundown of the country’s top private firms with the fastest-growing profits over the last three years.
Over the qualifying period, our profits increased on average by a staggering 73%, with profits at the end of our latest financial year topping the £3 million mark.
This latest success for Net World Sports completes a hat-trick of similarly prestigious accolades. We ranked number 45 in the Sunday Times Virgin Fast Track 100 league table of the UK’s fastest-growing privately-owned businesses based on overall sales – the second-fastest growing firm in Wales.
While we were also placed in 43rd position on the annual Sunday Times Lloyds SME Export Track 100 run-down of businesses with the best international sales, actually the only North Wales-based company to feature.
New Products & New Faces But Still Hiring For More Staff
Alex Lovén, Managing Director of Net World Sports, commented: “To be recognised as one of the UK’s fastest-growing companies not just in terms of overall sales and export success, but now also in terms of our profitability, is richly deserved reward for the continued efforts of our fantastic team.
“Being such a profitable business gives us the opportunity to reinvest back into our ambitious plans for long-term sustainable growth. It’s allowed us to purchase our premises outright, nearly trebling our warehouse and office space. It’s meant we’ve been able to hire 17 new employees in the last two months alone, while we’re still recruiting to fill a similar number of vacancies across all departments. And it’s enabled us to focus on product development and expand our sports range with exciting additions like our new FORB golf balls.”
Now in its 18th year, the Sunday Times BDO Profit Track 100 list is well-established as the definitive ranking of privately-owned UK businesses with the quickest growing profits. To be even eligible for the rundown, companies must post profits of at least £500,000 in the first year of the qualifying period and at least £3 million in the latest year, while profits must increase year-on-year for the qualifying three years.
The 2017 league table was topped by London-based chip and pin machine provider Paymentsense, while other big brands featuring include PureGym and Britannia Hotels. Net World Sports was one of five Welsh-based businesses to feature, with drinks manufacturer Radnor Hills the highest placed at 49.
The complete Sunday Times BDO Profit Track 100 list was published in the 2 April edition of the Sunday Times. Read an online version of the special Profit Track 100 supplement and follow the Twitter hashtag #ProfitTrack100 for further updates
By: Andrew Griffiths