This month, the Sunday Times announced their 2012 BuyOut Track 100, in which Esteem Systems ranked at number 65.
Despite the current economic downturn, in which many companies have suffered difficulties, Esteem has exploited market opportunities and completed two strategic acquisitions in the past two years, which has doubled its number of employees to 230 and rocketed it into the BuyOut league.
The BuyOut Track is an annual report which ranks Britain's 100 mid-market private equity-backed companies with the fastest-growing profits over the latest two financial years.
Esteem, backed by Primary Capital, has seen profits grow 34% a year, totalling £3.6m in 2011.
This is the second time Esteem has featured in the report since being founded in 1985. Joe Connolly, CEO of Esteem, said “Being recognised in the BuyOut Track 100 is the result of our consistent drive and focussed approach to business, despite increasing pressures in the marketplace. We are constantly looking to expand our service portfolio, whilst at the same time exceeding our customers’ expectations of levels of service.”
Companies listed in the report have grown their combined profits by 51% a year, created 22,731 jobs and now employ 91,577 staff.
The Buyout Track 100 is compiled by Fast Track, the Oxford-based networking events and research company, which champions the UK’s top-performing private companies and entrepreneurs.
Article published: 16/02/2012