Two firms hailed for fast-growing sales
Two businesses from the region have been named among Britain’s fastest-growing private companies.
Wolverhampton-based toilet paper manufacturer Task Consumer Products and Kingswinford-based home lift manufacturer Stiltz Lifts appeared on the 23rd annual Sunday Times Virgin Atlantic Fast Track 100 league table, which ranks companies with the fastest-growing sales.
Stiltz, ranked 32nd, has seen its sales grow by 82 per cent over the last three years to £19 million, as of December 2018.
Task, which produces the Cusheen and Little Duck brands of domestic toilet roll, ranked 64th, having seen its sales grow by 54 per cent over the last three years to £45.8 million.
Stiltz, which makes lifts which can be fitted into people's homes, was one of four new entrants to the annual table from the Midlands.
Collectively, those companies have grown sales by 75 per cent a year over the last three years, and now collectively bring in £399 million a year.
Together they employ more than 3,204 people.
Jewellery brand Missoma, beauty products retailer Revolution Beauty, and brewer BrewDog are among the businesses from around the UK to feature.
Past stars include chip designer ARM, which featured in 1997 with sales of £17 million, floated and was acquired by Japan’s SoftBank in 2016 for £24 billion, and mixer drinks maker Fever-Tree, which floated in 2014 at £154 million and is now worth £2.6 billion.
Sir Richard Branson, founder of Virgin Atlantic and Virgin Group, which has supported Fast Track 100 for all 23 years, said: “While these are uncertain times, there is one thing I am certain of: entrepreneurs are the ones driving innovation, chasing improvements and challenging the norm.
"There are so many inspiring examples of this on the Fast Track 100 league table and it’s heartening to see the power of entrepreneurship to create jobs and positive change across Britain.”
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