In a new report published by the London Stock Exchange Group, Camfaud has been identified as one the UK’s most exciting and dynamic small and medium-sized enterprises.
The report, 1000 Companies to Inspire Britain 2016, analysed companies in the £6m-£250m turnover bracket and highlighted those that have shown growing revenue over the past four years and have also to have outperformed their sector peers.
In his introduction to the report, Xavier Rolet, CEO of the London Stock Exchange Group, emphasised the importance of the top performing SMEs to the UK economy:
“We want particularly to shine a light on the company’s variously identified as ‘gazelles’, ‘the vital 6%’ or ‘scale-ups,’which have a remarkably disproportionate impact on UK national economic output.
As the CBI recently confirmed, 3,000 scale-up medium-sized businesses contributed £59bn to the UK economy between 2010 and 2013, effectively making the crucial difference between recession and recovery.
To put it another way, just a 1% increase in the number of high-growth businesses would create 230,000 new jobs and add £38bn or 2% to UK GDP.”
On hearing of Camfaud’s inclusion in the London Stock Exchange Group’s report, Camfaud MD Tony Faud said, “I am delighted that a family owned and managed company, operating in a niche sector of the construction industry, has achieved this recognition. And I pay tribute to all of our staff who, through their hard work and dedication, have contributed to the company’s success.”