PML Applications 4th in the "Fast Growth 75" list of the
South West
PML Applications has been named 4th in the Western
Morning News Top 75 list of fastest growing companies in the South
West.
Businesses across a wide range of sectors who
have demonstrated significant growth rates in the
last three years have recently been ranked in the Western
Morning News Fast Growth supplement.
The supplement rates the fastest growing companies
across Devon and Cornwall by average growth over three
years.
Topping the list this year was Newquay-based Infoteam which
repairs electronic equipment that has been returned by customers to
retailers or manufacturers. In second place was Torquay
housebuilder Cavanna Homes (Devon) Ltd, with Plymouth-based pipe
coating business Bredero Shaw in third place. Fourth
was taken by our very own PML Applications
Ltd. Representatives from 60 businesses gathered to find out
who had come out on top at Foot Anstey's Salt Quay house base. The
supplement was sponsored for the third time by KPMG, Lloyds
TSB and Foot Anstey.
To be included in the Top 75 list, companies needed to
have a registered office and to operate from Devon or Cornwall.
They also needed to show a turnover that is greater than
£100,000 in the first of the four years' accounts reviewed and over
£1 million in the latest year (whilst maintaining a consistent
reporting structure throughout the four years).
Companies on the last Fast Growth 75
list (which was published in May 2010) had growth
rates of between 759.6% and 17.1%,
whereas the latest list ranges from a more
measured 66% to 12%. The list
shows that a range of sectors, including social enterprises, are
managing to buck the downward economic trend and turn in some
impressive results.
All the companies that met these
criteria were then ranked by mean sales growth over the time
period to arrive at the final list of 75.
The Fast Growth 75 list has been
researched and produced by KPMG, using Bureau van Dijk's FAME
database.
PML created PML Applications in
2002 in order to help deliver its knowledge transfer most
effectively. Turning science into solutions, PML Applications
delivers and applies the output of science carried out
within PML as well as developing its own science and business
opportunities. It works with customers in activities
across a number of industry sectors which are concerned with
understanding, managing and protecting the marine environment
whilst meeting existing and future industry needs.