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Investec Recognises Comline Growth

2014-12-17 10:49:56

Comline Auto Parts Ltd is named in Investec Mid-Market100 list of the UK’s fastest-growing private companies

Comline Auto Parts Ltd (Comline) is pleased to announce that it has been named one of Britain’s fastest-growing private companies in the inaugural Investec Mid-Market 100 ranking. 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.

Malcolm Rosher, Sales & Marketing Director, said “Being named in the Investec Mid-Market 100 is a great honour for all at Comline and recognition for the considerable success the company has achieved in recent years. Our presence on this list further emphasises Comline’s position as one of the fastest growing automotive brands in Europe.”

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 Comline for achieving their place in this year’s Investec Mid-Market 100.” 

The Investec Mid-Market 100 has been published today and is available to view at www.investec.co.uk/midmarket 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.


Investec Mid-Market 100 Methodology

The Investec Mid-Market 100 ranks active, UK-registered companies on their four year average percentage turnover growth rate (CAGR). Companies must be profitable throughout the four year period. Over the four year period, year one turnover must be a minimum of £1m; year four ebitda must be at least £1m; year four turnover must be at least £10m. To focus the ranking on organic growth, companies that have consolidated accounts within the four year period are excluded. Latest accounts must have been filed after 1 August 2013.

The full sectoral breakdown of the Investec Mid-Market 100 is as follows: 

Sector

Number of companies

Real Industries (Manufacturing/Industrial)

20

Food & Drink

19

Retail

13

Professional Services

9

Technology & Software

8

Financial Services

7

Automotives

6

Recruitment

6

Agriculture

4

Transport & Logistics

4

Arts & Leisure

4

The full regional breakdown of the Mid-Market 100 is as follows:

Region

Number of companies

London

22

South East

17

The Midlands

11

South West

11

North West

9

Yorkshire

9

Scotland

7

East of England

5

Northern Ireland

5

North East

2

Wales

2

 

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