Wick Hill has been named by Deloitte as one of the Top 1000 best performing businesses through the recession.
Deloitte’s recent UK Futures 1000 report looked at businesses leading wealth creation in the UK. It identified 1,000 British businesses, the UK F1000, with a turnover of between £30m and £1bn, which generated a staggering 55% growth in revenue in the past three years, accounting for 7.8% of GDP last year.
Deloitte said that the UKF1000 have created nearly 170,000 jobs since 2008, during a period when overall UK employment fell by 1.3% – the equivalent of the population of Swansea.
Ian Kilpatrick, chairman Wick Hill Group, commented: “We’re delighted to be named in Deloitte’s Top 1000 best performing businesses through the recession. It reflects our determination not to let the recession stand in the way of our success with our channel partners and suppliers.
“While security, networking and mobility have been insulated from the worst of the recession, they are all intensely competitive sectors in both the UK and Germany. The challenge for us has been to identify the suppliers with the best solutions and to provide the value-add and market-making services that our channel partners require to enable them to grow their businesses.
“Having been in business for many years, the current recession certainly isn’t the first one we have faced. As in previous recessions, we have always gone with the belief that increasing investment in marketing, engineering, sales and financing provides the best support for our channel partners to maintain and grow their businesses, during difficult times. The investment plans that we put in place have been instrumental in supporting our growth.
“Our increased turnover of 49% over the last three years reflects the success of our channel partners, suppliers and dedicated teams in the UK and Germany, and we are looking to maintain that level of growth over the coming three years. As part of that growth strategy, we will be looking to provide increased financing support for our high growth value-add resellers.”