Norman Hay plc in top 4% of companies to score hat trick in leading report
Norman Hay plc, the Midlands-based chemicals, sealants, surface coatings and engineering group, has appeared for a third consecutive year in the London Stock Exchange’s (LSE) 1,000 Companies to Inspire Britain.
The 1,000 Companies to Inspire Britain report was established in 2013 as a celebration of some of the fastest-growing and most impactful small and medium-sized enterprises (SMEs) in the UK. Since its inception, only 40 companies have made the list three years in a row.
Companies were selected by the performance activity data of every registered business in the UK against a set of identifying factors established by the LSE based on relative growth. This focused on revenue and performance compared with competitors, as well as internal growth – employee numbers, workplace expansion – and number of patents filed. Companies who made the list were recognised as the most successful businesses in each sector compared with their peers and championed as making a significant impact on the UK’s economic recovery.
The news turns 2016 into a double celebration for the Norman Hay Group as it also marks its 70th anniversary later this year.
Vic Bellanti, Chief Executive of Norman Hay, commented: “We are extremely proud to be recognised for a third time by the LSE, especially as less than 4% of companies on the list have appeared in all three reports. We champion collaboration at Norman Hay and this news is testament to the effort and enterprise of the team along with our constant drive for innovation and growth.
Xavier Rolet, Chief Executive, London Stock Exchange Group said: “High growth SMEs are the driving force behind the UK economy, developing the skills, jobs and growth we need. But ambition alone is not enough; their success must be highlighted and their growth properly supported with appropriate finance. That’s why today’s event is so important: demonstrating the strong alliance between UK Government, financial market participants, investors, entrepreneurs and companies to support these inspiring businesses.”
Writing in the publication, The Rt. Hon. George Osborne MP said: “UK high-growth businesses are leading the charge in rebuilding our economy. These companies are the backbone of the British economy. They create high-quality, well paid jobs, innovate and drive economic growth. This government fully understands the need to support ambitious entrepreneurs and ensure they can access the finance they need to grow.”
Norman Hay is headquartered in Coventry, and the group operates four main businesses: Ultraseal, the market leader in impregnation chemicals and process equipment; Surface Technology, specialists in the development and application of high performance surface treatments; SIFCO Applied Surface Concepts (ASC), global leaders in selective plating through ‘The SIFCO Process®’; and NHE, manufacturing bespoke process plant and equipment.
More details on the 1,000 Companies to Inspire Britain 2016 report, including the methodology can be found at www.1000companies.com.Return to News