We’re overwhelmed to have been named as one of the most inspiring companies in Bristol in a report for the London Stock Exchange.
Fourteen Bristol firms have been named and are part of a bigger report entitled 1,000 Companies to Inspire Britain, published today (February 24, 2016).
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 this report is so important: demonstrating the strong alliance between UK Government, financial market participants, investors, entrepreneurs and companies to support these inspiring businesses.
“It 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.”
1000 Companies to Inspire Britain is an annual celebration of some of the fastest-growing and most dynamic small and medium-sized enterprises (SMEs) in the UK. 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.
Keith Brock, Our Managing Director, explained: “This is something to celebrate! A great achievement for the whole of the Wessex Garages’ team. I would like to thank every member of staff for their hard work and dedication.
“As a business we have a clear strategy for growth – we make a bit, reinvest it, expand, make it bit, reinvest and so on. We have always been prudent. Opening our new Cribbs site has been a serious commitment for the business.
“It’s a brand new centre, which aside from the building costs, includes £1 million of stock and there’s always about £500,000 of working cash-flow in terms of debtors and creditors to the business. There’s all the fixtures and fittings too.
“That’s all been paid for from existing funds, so we’ve consistently re-invested into the business what we’ve earnt. This has allowed us to employ more people from the area too, which is good for everyone involved and the city as a whole.
“We’ve consciously chosen to be associated with winning car brands that have shown great growth potential and have supported us. For example Nissan had a 3% share four years ago and now has 6%. This prosperous brand alignment has definitely helped us move forward at a much greater pace.
“Our successes are based, in the main, on the investments we’ve made in training our team and the high level of customer service we offer, the innovations we’ve embraced head-on, when perhaps our competitors have been slow to adopt them, and the continuity of directorial leadership we have.
“My board of directors all have nine or more years of service with the business and this helps us drive home a consistent message and strategy, whatever the economic environment throws at us.”