Microlease makes the list
07 February 2011
Test equipment rental, contract hire and asset management organisation, Microlease, has been listed for the second year running in ‘The Sunday Times Deloitte Buyout Track 100' where the company ranked number 85.
The Buyout Track 100, published in The Sunday Times, is a league table compiled by Fast Track that ranks Britain's top performing private equity-backed companies with the fastest-growing profits measured over their last two financial years.
“We’re delighted to be recognised again for our sustained growth and performance, which is a real testament to the hard work from everyone in the company,” explains Nigel Brown, Microlease’s CEO. “This acknowledgement is a significant step in our three year organic growth strategy. We’re making huge investments in both our infrastructure and our inventory so that we can carry on further expanding and improving the service to our customers.”
As part of Microlease’s major expansion drive, new corporate headquarters will open soon to house twice as much inventory than the current premises and enable the company to increase its employee base.
The company will also be announcing a new appointment to take the business through to its next era of growth. This will be the third senior appointment in the last six months, having recently recruited David Knights as Director of Asset Management, and David Whitfield as Head of Sales division.
Despite the recession, the top 100 companies in the table have grown their combined profits by an average of 48% a year over the last two years to £1.4bn. Together, they employ 90,909 staff; having added 16,198 employees to their workforce over the latest two years.
Mark Pacitti, Head of London Corporate Finance Advisory at Deloitte, title sponsor of the league table, commented: “Many private equity backed businesses in the UK have weathered the storm once again and shown that sustained growth is possible. As the economy continues to strengthen and transaction confidence returns, deal volumes and corporate appetite for expansion through acquisitions will increase and I believe that many private equity backed businesses will remain at the centre of M&A activity.”
Nearly half of the Buyout Track 100 companies are based in London (27) and the Southeast (21). The remainder breaks down as follows:
• Midlands (13)
• Northeast (13)
• Northwest (8)
• East (6)
• Scotland (5)
• Southwest (4)
• Wales (2)
• Northern Ireland (1)
The league table is compiled by Fast Track, a UK networking events and research company that focuses on top-performing private companies and entrepreneurs. Sponsorship was provided by Deloitte, as well as Lloyds Bank Corporate Markets, Skillcapital and UBS Wealth Management.
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