MST 40th on UK’s fastest growing private companies Hot 100 list
Marine Specialised Technology (MST) are delighted to announce we have been placed in 40th position in the Real Business Hot 100 – featuring the most impressive private companies in Britain according to turnover and profit growth.
Real Business published the first Hot 100 list in 1997. Nearly two decades on, the Hot 100 is the among the most rigorous and definitive analysis of the UK’s mid-market economy, reflecting success in the diverse landscape of British business.
Using information from Companies House, in partnership with Jordans, the Real Business Hot 100 is based on compound growth rates measured over a four-year period – the single rate at which the starting value would have to grow each year to reach the final value.
To feature in the Hot 100, the latest accounts need to show sales of £10m plus and the company’s earnings before interest, taxes, depreciation, and amortization of more than £1m.
Group Sales Director Philip Hilbert comments ‘We are really pleased about making the Hot 100, let alone placing in the top 40. As one of British businesses best kept secrets, MST is the type of unsung business the Hot 100 loves to celebrate.’
MST made the Hot 100 with a latest turnover of £14.4m an impressive three-year compound growth rate of 42.91% and a latest EBITDA of £1.2m.
‘It’s been a year for awards, recognition and ongoing progress and our appearance in the Hot 100 confirms this!’ Hilbert continues.’
From our recent announcement of the creation of MST’s Safety & Training Services division, our investment in the latest in cutting-edge CAD system, Solidworks® Premium 2015 in April to our 11th place in the Insider 100 fastest-growing companies in the North West. Not to mention being featured in the London Stock Exchange Group’s 2015 list of ‘1000 companies to inspire Britain’ and gaining recognition in The Sunday Times Hiscox Tech Track 100.’
MST is now recognised as one the largest and one of the world’s leading designers of rigid inflatables and high speed workboats for use in professional and military environments alike. The business now supports and services operations in 21 countries globally, with deployment in all oceans to support law enforcement, naval, rescue, patrol, special operations, fisheries and conservation.
Alistair Hughes from the MoD’s Defence Equipment & Support organisation, also comments, saying ‘Small boats make up a critical component of the UK’s military effect and can be seen in all areas of maritime from policing the UK’s Naval Bases to counter-piracy operations off Africa to training new recruits into the Royal Navy.’
‘Our expanded team and our enhanced engineering and design CAD capabilities has had a major impact on the business and ensure projects progress through the business more efficiently than ever, ensuring the product is delivered on spec, on time and on budget,’ says Andy Phillips, MST’s technical director.
‘2015 has been pretty special so far, Hilbert finishes by saying ‘And we have every intention of pushing the business forward into 2016 from here.’
For more information contact MST on +44 (0)151 708 4112 or email email@example.com
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