Mech-Tool is pleased to announce that the company has been listed in the third edition of London Stock Exchange Group’s 1,000 Companies to Inspire Britain: a landmark report identifying the UK’s most exciting and dynamic small and medium-sized enterprises (SMEs).
As well as identifying 1,000 companies, the annual report examines in detail the opportunities and challenges facing SMEs and looks at the sectors and trends that will shape the future of the UK economy.
To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their industry peers. More detail on the methodology can be found in the report online at www.1000companies.com.
Mech-Tool is the leading global supplier of solutions protecting people and equipment from fire, blast and radiant heat hazards for the offshore and onshore oil and gas, nuclear, renewable energy, chemical and petrochemical industries.
Marshall Garner, CEO said:
“Mech-Tool is delighted to be included as one of the “1000 companies to Inspire Britain”. It is hoped that despite the collapse in the oil price, product and market diversification plans will enable Mech-Tool to maintain its momentum in the years ahead.”
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.
“Today’s celebration is fundamental to London Stock Exchange’s core, the need to support UK high growth companies in their journeys from Start-up to Stardom and create an entrepreneurship revolution.”
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.
“We have held the steadfast belief that –alongside deficit reduction – nurturing entrepreneurs, creating jobs, supporting hard-working families and keeping taxes low would get the UK economy back on track. Our measures to increase access to finance for business and encourage more investment have had a transformative effect on our economy.”
A full searchable database of all of the companies along with a downloadable pdf of the publication can be found online atwww.1000companies.com