The report recognises Commsworld as being among the UK’s fastest-growing and most dynamic small and medium sized businesses (SMEs)*, highlighting the regional and sector diversity of the UK’s SMEs and the entrepreneurial spirit shown by these companies.
To be featured in the report, businesses had to demonstrate strong revenue growth over the last three years and outperform their sector peers, creating a unique list of the UK’s most innovative SMEs.
Commsworld now supports thousands of the UK’s leading organisations, both in public and private sectors with their telecommunications, and has grown rapidly in recent years, fuelled by its involvement with four of Scotland’s largest public sector ICT contracts, with local authorities in Glasgow, Edinburgh, Renfrewshire and the Borders.
The firm was also behind the long-awaited network infrastructure which brought business connection speeds across the Borders in line with the fastest available in the rest of the country.
The accolade comes days after the Sunday Times Profit Fast Track placed Commsworld as the 23rd fastest growing Private Business in the UK in 2020.
Ricky Nicol, Chief Executive, Commsworld, said: “We are absolutely delighted to be named as one of the London Stock Exchange Group’s 1000 Companies to Inspire Britain 2020. Our inclusion as a featured company recognises Commsworld’s amazing journey from Edinburgh-based disruptor to one of the UK’s biggest telecommunications network providers offering cloud, security and voice solutions, and managing the largest privately-funded optical core network in the country.
“This achievement has been built on the back of a unique and well-earned reputation for delivering innovative and highly-complex digital infrastructures and unified communications to some of the largest and most high-profile organisations across the UK.
“This in turn has led to significant revenue growth, especially over the last three years. We now look forward to continuing this upward growth trajectory and opening up new and exciting avenues of opportunity for Commsworld in the months and years to come.”
David Schwimmer, CEO, London Stock Exchange Group, said: “This report highlights the vital role of SMEs in driving economic growth, leading innovation and providing jobs across the UK. In this challenging year for businesses, it is more important than ever to shine a light on these stories of resilience and entrepreneurship. The success of UK SMEs is crucial as we rebuild a post COVID-19 economy, and London Stock Exchange Group is committed to helping growth companies achieve their potential.”
The Rt Hon John Glen MP, Economic Secretary to the Treasury, said: “SMEs are the engine room of our economy. They have risen to the immense challenges of this year with resilience and ingenuity, and we are proud to support them with one of the most generous and comprehensive packages for businesses anywhere in the world. It is more important than ever that we champion the companies in this year’s 1000 Companies to Inspire Britain report and many others like them – they are creating jobs, spurring on our economic recovery, and building the industries of the future.”
Further details on the 1000 Companies to Inspire Britain report, methodology and a full searchable database of all the companies along with a downloadable pdf of the publication can be found online at www.1000companies.com.
* Company data as at December 2019 is included in this report