growing companies
Manufacturers, packing specialists, installation companies – all
these feature in the Sunday Times’ just published list of the UK’s
fastest growing companies. The financial services sector, however,
hardly features at all – except in the form of two asset finance
specialists.
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Henry Howard Finance, the UK lessor which has capitalised on the
back of green leasing opportunities and which has seen its sales
grow an average of 121 per cent each year since 2004, is ranked
21st. while equipment and software refinancing specialist,
Capital Solutions Group (CSG), is the 25th fastest growing UK
company with sales growth of 112.3 per cent over the past three
years.
This success reflects the potential for leasing to grow despite
increases in the cost of borrowing, and errs against claims that
lessors cannot see significant growth because of over-saturation in
the marketplace.
Ranked first in the Sunday Times’ list is Travel Republic, which
claims to book holidays for more than one million passengers a
year. Its average sales growth for the past few years has been 284
per cent. The only other financial services company to feature is
Personal Touch Financial Services, ranked 89th, which has seen
average year-on-year growth of 63 per cent.
CSG, which has 19 staff in its Kent offices, appeared last year
in the same awards, although jumped four places this year.
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By GlobalDataThis is Henry Howard’s first appearance in the line-up, and it
follows the company’s signing of a lucrative £6m leasing deal with
security group G4S. The company recently moved into London and is
about to establish new headquarters in Newport in Wales. Its other
clients include Tesco, HSBC, Honda, Corus and Texaco.
“We have grown because we are prepared to assemble bespoke
packages to suit all circumstances,” said its sales and marketing
director, Mark Crook.
